Total Nigeria PLc, has recorded a profit of $10 million in the first half of 2015 in the face of slow business environment occasioned by delay in subsidy payment and scarcity of fuel which lasted for about four months .
The result showed that its profit before tax increased by 8 per cent to $18.49 million while its share price closed at N143.62 last week and market capitalisation stayed at $29.6 million.
Meanwhile, the management of Total Nigeria Plc has appointed Mr. Jeff Emeka Nnamani, Executive Director in charge of Strategy.
Nnamani is a graduate of Political Science and Administration with a Masters degree in Public Administration (MPA) from the University of Maiduguri, Borno State, Nigeria.
He started his career as a Sales Representative with the then Elf Marketing Nigeria Limited in 1989. He was a pioneer staff member in Borno State and after successfully establishing the company’s presence in the state, was assigned to Lagos as the Industrial Sales Executive in 1994.
He became the first Senior Network Inspector for Lagos Region in 1995 and given his successful performance was again assigned to the Eastern Region to cover both Network and Industrial Sales as the Sales Executive, Eastern Region in 1996, a position he occupied until he rose to the position of Regional Manager, North Central, Elf Oil Nigeria Limited in 1999.