Top 5 Nigerian Companies

With the largest population in Africa, Nigeria has many companies from different industries seeking to address the needs of the public.

Some are bigger than others because of different branches in various parts of the country.

This article will focus on some giant Nigerian corporations primarily contributing to the country’s economy.

Shell

Nigeria is internationally known for its supply of the natural resource, oil. Therefore it isn’t surprising that Shell Petroleum Development Company is one of the biggest companies, if not the biggest, in the country.

Shell is the largest oil organization in Nigeria, hence its many infrastructural structures around the country. It has over 6,000 km of pipelines, over 1,000 wells for producing oil, eight gas factories, and around 87 petrol stations.

The company’s primary responsibility is extracting, processing, and delivering petroleum to the public.

MTN Nigeria

MTN Nigeria is part of MTN Group Ltd. It contributes large sums of income to the group due to its over 58 million Nigerian subscribers.

It’s among the top 20 leading companies in the country and it hasn’t stopped pushing since its introduction to the country.

MTN Nigeria’s market capitalization value in 2022 amounted to $10.4 million. It’s a company that’s trusted by the public.

With the increase of technology used globally, especially cell phones, it doesn’t seem like the company will be slowed down by anything.

There are many cellphone-uses these days; besides phone calls and texting, people also use them to shop, conduct business, and trade online.

Dangote Group

Dangote is a company owned by business mogul Aliko Dangote. It began as a small trading company in 1977, which expanded over time. Now it’s a multi-faceted corporation with a presence in different markets.

The Dangote Group runs businesses in cement, food production, and freight. The 2022 market capitalization value for Dangote Cement alone was $11.2 million.

On top of that, the company is the primary source of sugar for other corporations in the brewery, soft drink, and confectionery markets.

Nestle

Nestle Nigeria is one of the biggest food suppliers in the country. It’s a brand that’s been around for over five decades and has gained people’s trust.

In Nigeria, you’ll find most of its operations in Lagos. Its main processing factory is located in Ogun State, with a market capitalization in 2022 of $2.6 million.

Nigerian Breweries PLC

Nigerian Breweries PLC was founded in 1946 as Nigerian Breweries Limited. It’s the largest brewing company in Nigeria and its leading brand is the STAR Lager.

Though it has gained a lot of competition, the company gained enough traction for its well-known brand by 1960. As a result, it’s one of the must-buy lagers when hosting a party.

It pays to be one of the leading companies in a highly populated country like Nigeria. This is even more so for companies that supply some of the needed products and services like food, petroleum, and telecommunications.

The five corporations we’ve listed above have earned people’s trust. All they need to do is maintain and further develop their products and services where needed to keep their existing customers and attract new ones.