SHAREHOLDERS of Total Nigeria
Plc last week approved the proposal
by the company to pay a final
dividend of N3.1bn, representing
N9 per share for the 2014 financial
The shareholders approved the
dividend payment at the company’s
37th Annual General Meeting in
Lagos; where they also re-elected
directors and members of the
audit committee, among other
The company had earlier paid
N679m, which translated into N2
per share, as interim dividend for
the year.
The development makes the company’s total dividend – for the
year ended December 31, 2014 – N11
per share.
Following the approval, the
company said the dividend would
be paid on Friday, June 12.
The Chairman, Total Nigeria, Mr.
MomarNguer, told shareholders
at the event that although 2014
was a year “fraught with security,
regulatory, social and economic
challenges”, the company grew its
turnover slightly from N238.2bn to
Also, despite the challenges,
Nguer said Total Nigeria recorded
key developments, including the
introduction of several solar lamp
variations into the Nigerian market,
including one that charges mobile
phones, while the sale of its Awango
lamps increased significantly.
He explained that, among other
things, the company’s products
could now be purchased on several
online platforms, while more of
its service stations were being
converted to multi-service stations
offering modern lube bays and car
wash centres.
He added, “In further
commitment to better energy
resources, your company opened
another fully solar-powered service
station in Abuja, bringing the
number of solar-powered station
in Nigeria to two.”
Going forward, Nguer said
the company was confident of
creating sustainable value for the
In the course of this year, he
said the company would be
seeking to align its business and
structures with the dictates of the
“We plan to increase the number
of our solar-powered stations
this year by eight additional
stations and will be introducing
our offer of solar home system.
The solar home system is a solar
power-driven energy solution for
homes,” he said.
Shareholders, who spoke at the
AGM, commended the Board of
Directors and management of
the company for ensuring that it
continued to record growth and
for the dividend payment.
The president, Constance
Shareholders Association of
Nigeria, Shehu Mikhail, said the
company deserved praise for its
commitment to transparency and
good corporate governance

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