TotalEnergies’ Nigeria downstream unit doubles profit as revenue tops N1trn

TotalEnergies Marketing Nigeria, a fuel marketing company, saw its profit for the 2024 financial year more than double as revenue crossed the N1 trillion mark.

Its net profit jumped to N27.82 billion from N12.91 billion in the previous year, according to its unaudited financial statements released on Wednesday.

The company’s revenue jumped to N1.04 trillion from N635.95 billion.

“At the board of directors meeting of 27th January, 2025, no dividend was declared for the year ended 31st December, 2024 (2023: N25),” the earnings report said.