So which are the biggest companies in Nigeria?
Are they actually popular?
Perhaps you know some or all of them…Right?
Today, there are numerous companies in Nigeria.
These companies provide the major products and services which we all consume today.
Now, we all know that these companies all make a lot of money on a daily basis.
However, a lot of people cannot tell how big or rich they are without articles like this.
In this article today, we will look at the top ten biggest companies in Nigeria.
Without taking any more time, let us begin at once.
Top 10 Biggest Companies In The World
10. Globacom Ltd
Globacom Ltd is one company that needs no introduction here in Nigeria.
Founded by Mike Adenuga back in 2003, this is one of the major telecom companies in Nigeria today.
As we speak, this company is one of the best telecom service providers in all of Africa.
Moreover, they offer some of the best data deals available.
In accordance with the official ranking, Glo Mobile is the second biggest telecommunications company in Nigeria.
As of 2018, there were over 45 Million Nigerian Glo customers.
These numbers have increased over the years.
With a current market capitalization that is estimated to be about $2 Billion, Globacom Ltd is ranked as the tenth biggest company in Nigeria.
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9. Nigerian Breweries Plc
Today, one can hardly imagine this country without the Nigerian Breweries.
Ranging from large events to small parties, beer is consumed at a high rate in Nigeria.
As a result, the Nigerian Breweries PLC has grown to be one of the biggest companies in the country.
Moreover, they now export beers to other countries.
The history of this company dates back to the mid 40s when they operated under a different name.
Today, the most popular brand under this company is the STAR beer.
This brand of beer is so popular that almost everyone recognises it.
With a current market capitalization of about $2 Billion Dollars, the Nigerian Breweries PLC is ranked as the ninth biggest company in Nigeria.
8.GTB (Guarantee Trust Bank PLC)
On the eighth spot in this list of top ten biggest companies in Nigeria, we have GTB.
Today, Guarantee Trust Bank is one of the major banks in Nigeria as a whole.
They offer a lot of quality banking services and also asset management.
As we speak, this bank has a total amount of over 231 branches.
Founded way back in 1990, this bank is argued by many to be the best bank in the country.
However, there are several other competitors in the sector.
With hundreds of branches and a current market capitalization that is clocked at $2.8 Billion, GTB sits firmly as the number eight biggest company in Nigeria.
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7. Nestlé Nigeria Plc
Truly, Nestle is one of the best food companies in Nigeria.
Moreover, they are the producers of several household food items which we consume.
Even the famous kid foods like ‘Cerelac’ and ‘Golden Morn’ were produced by this company.
Aside from the products mentioned above, this company produces several other daily consumable foods.
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Nestle Nigeria PLC has been operating for over half a century now.
Surprised. Right?
This company was founded back in 1962.
During this period, they operated under the name Nestle Products Nigeria Ltd.
However, they soon changed this name to Nestle Nigeria.
This company fully operates from Lagos State.
However, they have most of their processing systems in Ogun State, Nigeria.
With a current market capitalization that is said to be more than $3 Billion Dollars, Nestle Nigeria PLC is the seventh biggest company in Nigeria.
6. Dangote Group
Dangote Group is one of the few companies in Nigeria that needs no introduction at all.
However, we will do it for the sake of this article.
Dangote Group is a popular company that was founded by the famous billionaire ‘Aliko Dangote’.
The company does not focus on one particular sector.
However, they are better known for making cements.
Today, Dangote Group functions in industries like food processing, cement making, freight, and more.
Aliko Dangote started this company back in 1977.
During this period, the company was a trading firm.
Gradually, the company grew from a trading company to a multi-million-dollar conglomerate.
Moreover, they are now the largest producers and suppliers of sugar in Africa as a whole.
With a current market capitalization that is estimated to be over $11 Billion Dollars, Dangote Group is the sixth biggest company in Nigeria.
5. MTN Nigeria
On the fifth spot on this list of biggest companies in Nigeria, we have MTN Nigeria.
Now, MTN Nigeria is actually just a subsidiary of the mighty MTN Group Ltd.
Before now, this company used to operate with the name M-Cell.
However, they changed that long ago.
Today, MTN Nigeria is the source of about ⅓ of the total revenue of MTN Group.
That is to tell you how big the main company is.
Despite being a subsidiary, MTN Nigeria has grown bigger than most full companies today.
As we speak, MTN Nigeria is the biggest telecommunications company in Nigeria.
With over 60 million users across the country, MTN leads the race in the telecom sector.
Even as we speak, this company grows at an extremely fast pace.
Currently, they are estimated to have a total market capitalization of about $13 Billion Dollars.
This makes them the fifth biggest company in the country.
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4. Total Nigeria PLC
One can hardly talk about the biggest companies without mentioning these oil companies.
Moreover, they make the most money here in Nigeria.
Today, Total Nigeria is one of the major companies in the oil and gas sector in Nigeria.
However, this company is actually just a subsidiary of Total.
Total is an energy company that functions in over 130 countries across the globe.
Total Nigeria currently owns over 500 stations only here in Nigeria.
That should tell you the amount of money they bag on a daily basis.
Currently, the market capitalization of Total Nigeria is said to be well over $14 Billion Dollars.
3. Shell Petroleum Development Company (S.P.D.C)
In third place on this list of biggest companies in Nigeria, we have Shell Petroleum.
This company is well recognised as the biggest oil company in all of Nigeria.
Shell Petroleum Development Company is actually a subsidiary of Royal Dutch Shell.
Today, this company owns over 1,000 oil wells and over 8 gas factories across the country.
The main job of this company is the supervision of oil extraction and more.
They have several multi-million-dollar structures setup in different areas in the country.
As we speak, this company has a total market capitalization of over $140 Billion Dollars.
This makes it the third biggest company in Nigeria.
2. Mobil Nigeria
The second biggest company in Nigeria is Mobil Nigeria.
What makes this interesting is the fact that this company is just one of the three subsidiaries of ExxonMobil.
All these subsidiaries operate here in Nigeria.
However, Mobil Nigeria is the biggest amongst them.
This company mostly operates offshore, and they have close to 100 platforms.
As we speak, Mobil Nigeria is the second biggest oil producing company in Nigeria.
With a market capitalisation of $147 Billion Dollars, they sit firmly on this position.
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Chevron
The number one spot on this list goes to no other company than Chevron.
This company is currently the biggest oil company in the country.
Chevron Nigeria Ltd is actually also a subsidiary of Chevron Corporation.
Over the years, this company has grown to become one of the major players in the Nigerian oil sector.
Although these companies are negatively affected by militant activities, they still make billions of Dollars.
Today, one can not talk about oil and gas in Nigeria without mentioning Chevron.
With a current market capitalization that is estimated to be well over $170 Billion Dollars, they are ranked as the biggest company in the country.
Overview Of The List Of “Top 10 Biggest Companies In Nigeria”
10. Globacom Ltd
Market Capitalisation: $2 Billion+
9. Nigerian Breweries PLC
Market Capitalisation: $2 Billion+
8. GTB
Market Capitalisation: $2.8 Billion+
7. Nestle Nigeria Plc
Market Capitalisation: $3 Billion+
6. Dangote Group
Market Capitalisation: $11 Billion+
5. MTN Nigeria
Market Capitalisation: $13 Billion+
4. Total Nigeria PLC
Market Capitalisation: $14 Billion+
3. Shell Petroleum Development Company (S.P.D.C)
Market Capitalisation: $154 Billion+
2.Mobil Nigeria
Market Capitalisation: $156 Billion+
1.Chevron Nigeria Ltd
Market Capitalisation: $161 Billion+
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Final Thoughts on “Top 10 Biggest Companies In Nigeria”
From this comprehensive list, you can confirm that there are indeed so many big companies here in Nigeria.
These companies provide crucial products and services for the consumption of the citizens.
Taking a careful look at this list, you will discover that all the companies are billion-dollar companies.
They have all been in their various sectors for decades now, and they have made a lot of fortune in the process.
Some of these companies are actually just subsidiaries of bigger companies.
However, they have grown so big that they are ranked with other full-fledged companies.
So far, that will be all we have on the top ten biggest companies in Nigeria.
Feel free to drop your comments if you found this article useful.
In all, stay safe!
