Total Nigeria Forecasts Cash Flow Of N19.17bn In Q3, 2021     Total Nigeria Plc has forecast a free cash flow of N19.17bn by September 31 after purchases of fixed assets have been accounted for. The company said in a statement that it expects revenue of N66.03bn in...

Oil Firms Spent N2.64bn On Transportation In Nine Months         The total expenses made on transportation and freight costs of oil products by four major oil marketing companies in the country in the first nine months of the year amounted to N2.64bn. This is in contrast to...

Aviation Fuel Revenue Drops By N14.9bn In Nine Months         The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 58.2 per cent in the first nine months of the year, compared with...

Total Nigeria Targets N76bn Revenue In Q4     Total Nigeria Plc has projected to achieve N75.67bn revenue for the fourth quarter of 2020. In its Q4 earnings forecast obtained from the Nigerian Stock Exchange, the oil firm also projected N66.24bn as the cost of sales for the...

Total Nigeria Records N163m Loss   Total Nigeria Plc has posted a loss after tax of N163.22m loss for the first quarter ended March, 31 2020 as against N474.089m posted in 2019. Loss before tax stood at N136.99m from N418.3m posted in 2019. Revenue dropped by nine...

Heavy Financing Cost Depress Total Nigeria's Profit By 97% Some shareholders of Total Nigeria Plc have urged the petroleum products marketing company to inject equity into the firm so as to reduce its reliance on debt funding. A steep rise in financing costs of the Total...