There are many successful firms and corporations in our country. Some of them are valuable not only in Africa but also across the world. Would you like to learn which is the richest company in Nigeria in 2018? We have selected the top companies that are must-know by each citizen.
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
- Food production
Other industries can also make good money. However, banks, oil corporations, and huge building companies are valued the most in the market.
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Which is the richest company in Nigeria: Top 10
Below you will find the top 10 richest company in Nigeria 2018. Their stocks are valued the most, and their market price is often several billions of U.S. dollars.
1. Dangote Cement
This famous company is one of the most expensive corporations in Africa and around the world. It exists since 1992 and operates in different corners of the continent. Dangote is listed as the wealthiest black man in 2018 by Forbes, and his Dangote Cement company’s market capitalization reaches over 11 billion U.S. dollars.
2. Nestle Nigeria Plc
Who doesn’t know the name Nestle? This company is present all across the globe. It is successful in making food and drinks. Nestle Nigeria Plc is one of the richest firms in Nigeria and Africa with several big factories in different corners of the continent. Its market capitalization is over 3.1 billion U.S. dollars.
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3. Guarantee Trust Bank Plc
Not many banks can boast of as many customers as Guarantee Trust Bank. This organization is trusted by a lot of Nigerians. It offers good services and values its customers. This helps the company grow constantly and become one of the richest firms in the country. The bank’s market capitalization is over 2.8 billion U.S. dollars.
4. Nigerian Breweries Plc
This is a big brewing firm that makes business in different corners of the country. It produces and sells tasty beverages to millions of citizens, and its products are loved by many people. No wonder that its recent market capitalization is slightly over 2 billion U.S. dollars.
5. Zenith Bank
Created 28 years ago, this bank is one of the top financial institutions not only in Nigeria but also all across the African continent. Zenith Bank is a highly recognized and trusted brand that knows how to earn good money and be one of the richest company in Nigeria in 2018. The financial organization is successful, and its current market capitalization has reached approximately 1.8 billion U.S. dollars.
6. Ecobank Transnational Incorporated
This financial institution is popular in West Africa, not just in Nigeria. It offers a big number of services to all the clients, working with individual customers and big corporations. The company is rich and its up-to-date market capitalization is over 1.32 billion U.S. dollars.
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7. Stanbic IBTC Bank
There are many banks in Nigeria, and many of them are quite successful. For example, Stanbic IBTC Bank has more than 180 branches all across the country and is one of the richest company in Nigeria in 2018. Its market capitalization is currently over 1.2 billion U.S. dollars.
8. Seplat Petroleum
We all know how Nigeria is dependent on oil and gas. Many local firms and big corporations make good money by exploring and developing oil and gas, and Seplat Petroleum (it was created 9 years ago) is one of the leaders in the market these days. The company’s market capitalization is slightly below 1 billion U.S. dollars.
9. Guinness Nigeria Plc
Many people from all over Africa know Guinness Nigeria Plc because it creates a big number of delicious beverages (Harp, Smirnoff to name a few) that are loved by Nigerians and people from other countries. If you look at its today’s market capitalization numbers you will see the nice market capitalization achievement of approximately 0.5 billion U.S. dollars.
10. Union Bank of Nigeria Plc
Having a long history of success and growth, this financial institution is well known in and outside Nigeria. It offers a big variety of services for individuals and corporate clients. It is one of the top banks in the country, and its market capitalization is over 0.4 billion U.S. dollars.
You have learned which is the richest company in Nigeria in 2018. This ranking changes every year because some companies keep succeeding and reaching new heights and other stop growing as fast as they used to.
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