To keep pace with rivals and sustain profitable operations amid structural shifts in Nigeria’s petroleum industry, the board of TotalEnergies Marketing Nigeria Plc has outlined strategic initiatives.

Chairman, TotalEnergies Marketing Nigeria Plc, Jean-Philippe Torres, admitted at the company’s annual general meeting that the downstream petroleum market in Nigeria has been dramatically altered with the coming of the Dangote Petroleum Refinery & Petrochemicals (DPRP).

According to Torres, the structural shifts in the downstream architecture, erratic supply lines, and aggressive competitor pricing following the upscaling of domestic refining capacity negatively affected the company’s performance in 2025.

“Some operators decided to start price wars during a big part of the year, which had obviously a significant impact on our sales and also on the margins.

The volatility of the foreign exchange (forex) during the whole year also exposed the company to high and negative stock effects,” Torres stated.

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He outlined that the company would prioritise cost discipline and product optimisation over joining irrational market price wars.

“We work with one motto, which is operational excellence. We have to work with all stakeholders to make sure supply continues to be fluid, and manage our fixed costs in a very precise manner. Even if the environment is complicated, we keep investing in capital expenditures to have sustainable profitability on the long run,” Torres declared.

He assured the investing public that corrective measures are already yielding strong results.

“In the first quarter of this year, 2026, we have a very significant improvement of the profitability of the company, and it really makes us quite optimistic for the future,” Torres said.

Shareholders commended the company’s operational resilience during the 2025 financial year, while tasking the board to deploy concrete strategies to navigate market distortions triggered by new domestic refining dynamics.

At the virtual meeting, shareholders noted the historic performance of TotalEnergies and expressed their confidence in the board and management to drive the country through the challenging period.

TotalEnergies recorded a 25 percent drop in revenue and a 151 percent decline in profitability in 2025, preventing a dividend payout.

The Host Communities of Nigeria (HOSCON), comprising oil and gas producing communities, has raised the alarm over alleged attempts by certain individuals to sabotage the operations of Tantita Security Services Nigeria Limited, particularly in the oil rich Niger Delta region.

The HOSCON’s note of warning was contained in a letter to Nigeria’s President, Bola Ahmed Tinubu under the signature of HRM Monday Whiskey, Ovie of Idjerhe Kingdom and Chairman of HOSCON.

In the letter, the HOSCON alerted the President to imminent crisis in the oil and gas sector if urgent steps were not taken to forestall it by checkmating the alleged sinister acts of sabotage against the security organisation.

The letter reads in part, “We the leadership of the Host Communities of Nigeria (HOSCON) Producing Oil & Gas write to specifically draw your attention to a well planned and orchestrated plot by some influential cabal at the Nigeria National Petroleum Company Ltd to deliberately cause disorder in the Niger Delta.

“Our intelligence from highly placed sources both in Abuja and across the Niger Delta is that since the oil cabals/bunkerers can no longer have their way in stealing crude oil in the region, they have perfected a new approach by deliberately starving the authorities of the hardworking Tantita Security Nigeria Limited of regular funding and thus creating unnecessary salary delays and other operational activities being carried out in the day-to-day activities of the oil pipeline security giant.

“As a result, staff and subcontractors of the organisation have not been paid for almost four months running, thereby causing grumbling and threats to down tools by workers. We strongly condemn this new plot and believe that it cannot be true because the sacrifices/risk that the authorities of Tantita Security Services Ltd have taken to get to where they are will be made useless by some selfish cabals who do not mean well for our country.

“We trust that as a father of the nation, these findings by the leadership of the Oil & Gas production Communities in the country will be given very serious attention, as delaying action could be an invitation to avoidable crises.”

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In addition, the HOSCON stated that the people of the Niger Delta deeply appreciate the professionalism and competence of the Tantita Security Services, as the environment and ecosystems were in a sorry state before the coming on board of the firm.

“No interest of individuals or groups can be more important than that of the entire country. Now that we are fully aware of the antics of the NNPC authorities to deliberately delay payments of services already rendered by Tantita Security Services Ltd so that they can disorganise their operations, the leadership of HOSCON will keep exposing all the underhand working against the success of this all important project.

“What we expect from all patriotic Nigerians, NNPC management inclusive, is support and undiluted encouragement, considering the daily hazards and threats being faced by Tantita Security workers.

“Finally, we strongly believe that in order for our country to be great again, sensitive national assignments like Tantita Security operations be given its rightful place in budget allocation,” the HOSCON averred.

Amid rising food prices and growing concerns over food security in Nigeria, Dangote Cement Plc, Ibese Plant has commissioned a multi-million Naira garri and fufu processing plant in Ewekoro Local Government Area of Ogun State.

Biztellers reports that the state-of-the-art was handed over to Kajola, the host community as part of the company’s corporate social responsibility investments.

The company described the project as a strategic intervention aimed at boosting agricultural value addition, reducing post-harvest losses and strengthening livelihoods for rural farmers and women.

During the commissioning ceremony, the Ibese Plant Director, Ayyagari Subbaraidu, said the facility was delivered under the company’s Community Development Agreement (CDA) with its host communities signed in 2022.

He noted that the initiative is designed to support cassava farmers and processors by improving efficiency and expanding income-generating opportunities.

“This project is aimed at improving cassava processing, reducing losses and creating sustainable employment for women and farmers in the community,” he said.

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Subbaraidu disclosed that the facility features separate garri and fufu processing units equipped with modern machinery, including a five-tonne-per-day peeling machine, hydraulic presses, frying systems, fermentation basins, solar-powered boreholes and sanitation infrastructure.

He added that the plant is expected to serve as a catalyst for local economic growth by enhancing productivity and supporting small-scale agribusinesses across Kajola and neighbouring communities.

The Plant Director also urged the community and the Project Governance Committee to maintain transparency in the management of the facility to ensure long-term sustainability.

The Ogun State Commissioner for Agriculture and Food Security, Mr. Bolu Owotomo, who commissioned the Food Processing Plant commended Dangote Cement for its commitment to the socio-economic development of its 17 host communities, describing the facility as a strategic intervention in agricultural value addition and rural empowerment.

Describing the project as a significant boost to the state’s agricultural development agenda and rural industrialization drive, he said the initiative aligns with Governor Dapo Abiodun’s vision of making agriculture a key driver of economic growth through value addition and enterprise development.

The Commissioner disclosed that “over 166,000 farmers, including more than 90,000 cassava farmers, have been registered under the Ogun State Farmers Information Management System (OGFIMS) to benefit from government interventions”.

He urged the community to safeguard the facility and assured residents of the continued support of Governor Dapo Abiodun’s administration towards agricultural development and food security.

He highlighted ongoing interventions by the state government—including the Ogun State Economic Transformation Project (OGSTEP), the Value Chain Development Programme (VCDP) and FADAMA-OG CARES—which have supported thousands of cassava farmers with training, mechanization and improved access to inputs.

“This processing plant will strengthen the cassava value chain, improve product quality, create jobs and enhance food security while boosting farmers’ incomes,” the Commissioner stated.

In his remark, the Ewekoro Local Government Council, Hon. Sikiru Adesina Adisa who was represented by his Vice, Vice Chairman, Hon. Abisola Aliyu, described the facility as a transformative project that would ease the burden of traditional cassava processing methods and improve overall productivity.

He also commended Dangote Cement for its continued commitment to inclusive growth and impactful social investment in host communities saying “This project will stimulate local enterprise, create employment opportunities and support government efforts at poverty reduction and food security at the grassroots,” the council noted.

The traditional ruler of the community, Oba Kayode Kusoro, the Olu of Aga Olowo in whose domain the project is sited, commended Dangote Cement for fulfilling its Corporate Social Responsibility obligations under the Community Development Agreement signed with the host communities.

The monarch appealed to residents to “protect the facility from vandalism and theft”, while urging the company to sustain its support for the community. He praised the collaboration between the private sector, government and local residents, expressing confidence that the plant would become a major hub for cassava processing and wealth creation in the area.

On behalf of women processors beneficiaries in Kajola, Abosede Onifade expressed excitement over the facility, noting that it would significantly ease production processes and enable large-scale output.

“With this mill, we can now produce in larger quantities with less stress. We are grateful to Dangote Cement for improving our livelihoods,” she said.

The modern facility is expected to provide a ready market for cassava farmers, enhance processing efficiency and contribute to long-term socio-economic development across Ewekoro and adjoining communities.