For fiscal year 2024, TotalEnergies Marketing Nigeria Plc approved a total dividend payment of 13.58 billion naira. Shareholders lobbied for the issuance of free shares at the company's 47th annual general meeting held recently in Lagos

The dividend represents a 60 percent increase over the 25 N paid the previous year. Shareholders receive 40 N per share for the year under review. Despite their appreciation for the improved dividend, shareholders questioned the board of directors about why bonus shares have not been issued since 2004, despite the company's strong financial performance and consistent profitability. In response, the company's president, Jean-Philippe Torres, said the company remained committed to rewarding shareholders while maintaining a balance between profit distribution and