List of the largest companies in Nigeria
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
- ↑ African Business: West Africa's Top 50 companies (PDF; 1.8 MB)