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The strength and size of a company can be measured by its market capitalization. The market cap. of a firm also indicates the market value of a company at a particular time. It can rise and fall, based on the performance of the shares of the firm on the stock market. The shares are in turn influenced investors reactions to events and things happenings in the firm.
Business in Nigeria
Being the most populated country in Africa and one of the most populated territories in the world, Nigeria with over 190 million citizens has so many spheres and industries to develop.
Which company is the richest company in Nigeria these days? You can guess the major fields that are the most valuable and bring the most money. They are:
- Oil & gas
- Finances
- Food production
- Agriculture
- Building
Other industries can also make good money. However, banks, oil corporations, and huge building companies are valued the most in the market.
- Nigerian Breweries
Nigerian Breweries is one of the largest brewery companies in Africa. Moreover, it is the first and the oldest brewery firm in Nigeria. It is included in the top 10 list of the best manufacturing companies in the country. It was formed on November 16, 1946. Nigerian Breweries produces such prominent alcoholic beverages as:
- Gulder Lager
- Heineken
- Ace Passion Apple Spark
- Legend Extra Stout
- Goldberg Lager
- Star Lite Lager
- Life Continental Lager
- Strongbow cider
Among others, the line of non-alcoholic drinks is represented by such names as:
- Maltina
- Malta Gold
- Amstel Malta
- Climax Energy Drink
- Fayrouz
2. Nestle Nigeria
Nestle is indeed considered one of the eldest companies on the planet. It is the largest food company on the globe. Two leading Swiss enterprises founded Nestle in 1866. Nestle Nigeria is the major FMCG company in Nigeria. It is always included in the list of top companies in Nigeria according to all possible ratings. In particular, Nestle Nigeria produces:
- Infant foods
- Seasonings
- Performance and Healthcare Nutrition
- Frozen and refrigerated food
- Soup and sauces
- Bottled water
- Breakfast cereals
- Pet food
- Milkshakes
3. Dangote Group
Dangote Group is the major industrial conglomerate in West Africa. The richest black man on the planet, Aliko Dangote, owns the company. He founded his company in 1981. It manufactures various categories of goods. These are flour, sugar, salt, cement, steel, packaging materials, oil and gas, etc. The most well-known subsidiaries of Dangote Group are:
- Dangote Transport
- Dangote Textiles
- Dangote Cement
- Dansa Foods Limited
- Kura Holdings Limited
- Dancom Technologies
- Dangote Tomato plantation
4. Unilever Nigeria
Unilever Nigeria was created in 1923. It is the biggest producer of various categories of products. The most popular of them are:
- Royco
- Lipton
- Lux
- Omo
- Knorr
- Lifebuoy
- Vaseline
- Pears
- Blue Band
- Sunlight
- Close Up
- Pepsodent
By the way, every year Unilever directly affects the lives of more than two billion people on the planet through their quality range of products.
5. PZ Cussons
PZ Cussons is another company, which takes the place of honor on our list of the best companies in Nigeria. It is one of the biggest manufacturers of plenty of various household products in Nigeria. Among others, the most prominent titles are:
- Venus
- Cussons Baby
- Joy soap
- Robb
- Nunu
- Zip
- Morning Fresh
- Nutricima
6. Lafarge Cement
Lafarge Cement is another company in our list of top companies in Nigeria. It is the largest cement producer in Nigeria. The headquarters of this company is located in France. Lafarge Cement arrived in Nigerian market with the vision of subsidising to the development of Nigeria through the construction of better cities.
7. British American Tobacco
Since 1912, British American Tobacco (BAT) has been working in Nigeria. It has the operational office in Lagos. This company proposes the highest payments in our country. At that time, the Group owned a 60% shareholding value in the Nigerian Tobacco Company, and the Nigerian Government held 40%. In 1978, three operating factories worked in Zaria Port-Harcourt and Ibadan. On July 11, 2000, British American Tobacco Nigeria was incorporated. In several months, it joined with the Nigerian Tobacco Company. Presently, the British American Tobacco Group fully operates and owns this company.
Presently, British American Tobacco Nigeria produces such international brands as:
- St. Moritz
- Royal Standard
- Consulate
- Rothmans
- Benson and Hedges
- London
- Pall Mall
8. Guaranty Trust Bank
Guaranty Trust Bank provides commercial banking services to its customers in Nigeria, UK and other African countries. It offers retail banking services, granting of loans and advances, equipment leasing, corporate finance, money market activities, and allied services, as well as foreign exchange operations. The bank’s only subsidiary is involved in funds and portfolio management services.
