French energy giant, Total SE, has successfully completed various regulatory processes required to effect the change of its name to TotalEnergies Marketing Nigeria Plc.
According to a statement signed by the company’s secretary, Bunmi Popoola-Mordi, the firm noted that it should be henceforth addressed as TotalEnergies Marketing Nigeria Plc.
Recall that on the 19th of August, 2021, shareholders of the company (then known as Total Nigeria Plc) voted to change its name to TotalEnergies Marketing Nigeria Plc. The change was driven by the firm’s desire to transition into a multi-energy group, providing affordable, more reliable and cleaner energy in the best way. In addition, the transition is in a bid to support the Paris Agreement and vomiting to carbon neutrality by 2050.
Commenting on the rationale behind the change, the firm said: ‘’ The name change is accompanied by a new visual identity for all of our activities, aimed at anchoring our transformation to a multi-energy group, such transformation being based on a development strategy of two pillars, gas and renewable electricity, as well as the underlying ambition of a transition to carbon neutrality by 2050.’’
As at the period of reporting this, TotalEnergies Marketing Nigeria Plc is currently trading at N199.20 per share on the floor of the Nigerian Exchange Limited (NGX).