Business
Total Gets First Female MD In Nigeria
L-R: Minister of Special Duties, Alhaji Tanimu Turaki, Minister of Labour and Productivity, Chief Emeka Wogu, President, Trade Union Congress of Nigeria (TUC), Comrade Bobboi Kalgama and Former TUC President, Comrade Peter Esele, at the launch of TUC Housing Development Scheme for civil servants in Abuja, recently.
International Oil Company,
Total, has for the first time appointed the first female Managing Director for its operations in Nigeria.
A statement from the company on Friday named Mrs Elisabeth Proust as the Managing Director/Chief Executive of Total Upstream Companies in Nigeria consisting of Total E&P Nigeria Limited, Total Upstream Nigeria Limited and the company’s other subsidiaries.
According to the statement, the new MD would double as the Total Group representative in Nigeria adding that the appointment took effect from Wednesday February 12, 2014.
The statement stated that, “in her new position, she becomes the first female managing director in over 50 years’ history of the company in Nigeria. Proust succeeds Mr Guy Maurice, who has been assigned to other duties in the Total Group”.
The Upstream President, Total SA Yves-Louis Darricarrero who commented on the appointment said, “we have a great confidence in the ability of Mrs Proust to steer the ship of the upstream companies in Nigeria at this critical period in the Groups’ activities in the country.
The new female boss arrived in Nigeria with over 34 years of extensive experience in the oil and gas industry, according to Darricarrere.
She is a 1979 graduate of Mechanics and Marine Hydrodynamics from the Mechanical Engineering School in Central Nantes, France. She also has a degree in Petroleum Engineering from France Petroleum Institute, Paris, both in France.
Proust joined Elf in 1980 and started her career with ten years of hands-on experience as a driller.
The statement further said that, “Proust has held key technical and managerial positions in exploration and in various Total subsidiaries in France, Cameroun, Brazil, Angola, the Netherlands and Russia between 2004 and 2008. She was Vice President, Development Engineering and Head of Petroleum Engineering Competence for Total worldwide.
In December 2008, Proust was appointed President and Managing Director Total E&P Indonesia. She was also the Chief Executive for 15 other Total companies in Indonesia and the Total Group representative for the refining/chemical and marketing divisions.
“Proust was President Oil and Gas Association of Indonesia, the first woman to hold such a position in the country. She served in this capacity until her current positing to Nigeria”, the statement said.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
