List of the largest companies in Nigeria

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The list of the largest companies in Nigeria includes, among other things, the largest listed companies in Nigeria published by the business magazine “African Business” in the list “West Africa's Top 50 companies” .

The figures are given in US dollars and refer to the stock exchange price on December 31, 2006.

rank
Rank
top
50
Surname Headquarters Sales
(€ million)
Employee
Market value
(in US $ )
Branch
1. 1. First Bank Nigeria 2,619,627,206 Banks
2. 2. Nigerian Breweries 2,101,909,106 beverages
3. 4th Zenith bench Victoria Island 600.58 3,911 1,686,903,368 Banks
4th 5. Union Bank Nigeria 1,592,429,379 Banks
5. 6th Transnational Corporation Nigeria Lagos 1,344,265,209 Conglomerates
6th 7th United Bank for Africa 1,333,297,987 Banks
7th 8th. Guinness Nigeria 1,188,458,466 beverages
8th. 9. West Africa Portland Cement 1,132,421,240 Construction
9. 10. Intercontinental Bank Victoria Island 1,088,213,858 Banks
10. 11. Guaranty Trust Bank Victoria Island 2,477 1,083,420,362 Banks
11. 12. Oceanic Bank 1,069,514,913 Banks
12. 13. Nestle Nigeria 926.599.108 food
13. 14th Ecobank Nigeria 809.488.746 Banks
14th 15th Flour Mills Nigeria 751.502.544 food
15th 16. Benue Cement Company 683.293.538 Construction
16. 17th IBTC Chartered Bank 613.441.663 Banks
17th 18th Spring Bank Nigeria 604.830.503 Banks
18th 19th Ashaka Cement 600.190.270 Construction
19th 20th PZ Industries 492.597.197 Conglomerates
20th 21st Total Nigeria 468.723.561 oil and gas
21st 22nd Afribank Nigeria 438.726.076 Banks
22nd 23. Diamond Bank 423,809,212 Banks
23. 24. Access Bank Nigeria 377.038.964 Banks
24. 25th Unilever Nigeria 352.866.760 food
25th 26th Nigerian Bottling Company 349.007.531 beverages
26th 27. Skye Bank 341.301.984 Banks
27. 28. Mobil Oil Nigeria 320.846.008 oil and gas
28. 29 First City Monument Bank 318,807,223 Banks
29 30th Oando 298,981,567 oil and gas
30th 31. Chevron Oil Nigeria 284.273.249 Oil and gas
31. 32. Nigerian Aviation Handling Company 278,689,744 traffic
32. 33. Cadbury Nigeria 266.626.101 beverages
33. 35. Sterling bank 257.366.851 Banks
34. 36. African petroleum 257,304,830 oil and gas
35. 37. Bank PHB Nigeria 255.469.785 Banks
36. 38. United African Company of Nigeria 251.440.742 Conglomerates
37. 39. Wema Bank 244.182.023 Banks
38. 41. Conoil 205.769.288 oil and gas
39. 42. Fidelity Bank Nigeria 189,304,408 Banks
40. 44. First Inland Bank 153.230.504 Banks
41. 45. 7-UP Bottling Company 151.959.657 beverages
42. 46. EIB International Bank 139.128.814 Banks
43. 48. Unity Bank 129.981.242 Banks
44. 49. Glaxo Smithkline Beecham Nigeria 122.068.279 Pharma
Mr. Bigg's Lagos System catering
National Electric Power Authority Lagos Energy supplier
Nigerian National Petroleum Corporation Lagos Petroleum & Natural Gas
Arik Air Lagos airline
Bellview Airlines Lagos airline
Chanchangi Airlines Kaduna airline
Nigerian Eagle Airlines Lagos airline

Individual evidence

  1. African Business: West Africa's Top 50 companies (PDF; 1.8 MB)