Update on the richest companies in Nigeria presently. In the whole of Africa, Nigeria has the largest economy. It has often be called one of the fastest-growing countries in the continent. And if we’re to thank some people for this economic progress, we should be thanking the small, medium-sized, and big businesses in the country. And the fact that Nigeria has the largest African economy, not only me shows it’s the giant of Africa, it also shows that there’s a lot of money in this country. This also means there are a number of very wealthy companies in the country.
But what companies hold the highest amount of money in Nigeria? Well, this is the reason why we wrote this article. In this article, we intend to present the top 10 richest companies in Nigeria. And as you would expect, companies like Dangote Group and GTB are on the list. So if you’d like to detailed information on this topic, then you should spend the next few minutes reading this content.
Top 10 Richest Companies In Nigeria 2020
Chevron is Nigeria’s richest company. But for someone who doesn’t know much about companies in Lagos, you might wonder what Chevron is. Chevron happens to be one of the top oil countries in the country. And as we all know, the oil industry is hands-down one of the richest in Nigeria. Chevron’s money is so much that only a very few Nigerian companies can compete with it.
2. Shell Petroleum Development Company
Shell Petroleum Development Company as the name implies, is also a company involved in oil and gas. This company has been around for a while. And it has always ranked as one of the richest companies in Nigeria. We furthermore don’t see this company falling below its current position. And overtaking Chevron to be the first, maybe too ambitious. In other words, we expect the Shell Petroleum Development Company to remain in its position for some years to come.
3. MTN Nigeria
MTN is telecommunication from South Africa. And its Nigeria’s branch happens to be one of the richest in this country. MTN has been around for a while, and it has contributed significantly to the development of this country. There are many Nigerians who don’t like MTN because it’s not from this country. But if we must be honest with ourselves, MTN has helped Nigeria the most, among all telecommunication companies in this country.
4. Dangote Group
We would find it hard believing anyone who says they’ve never heard the name Dangote. The name Dangote is popular in this country that hardly would you come across a kid who hasn’t heard of this name. Dangote is the name of the richest man in Nigeria. He also happens to be one of the richest in Africa. And the company called Dangote Group happens to be his company, although, the man doesn’t own 100-percent of the company. Dangote Group ranks as the 4th richest company in Nigeria.
5. Zenith Bank
Next on our list of the richest companies in Nigeria, is Zenith Bank. Zenith Bank is a pretty popular Nigerian bank. This bank has been around for a very long time, and the wealth of this company can not be underestimated. The bank has repeatedly been awarded the best bank in Nigeria. And as of the rime of writing this article, its 5th position on this list is not under threat.
6. Globacom Limited
Globacom Limited is another telecommunication company in Nigeria. The telecommunication industry in this country is very lucrative. And Globacom Limited is one of those companies that have been able to make a lot of money in this industry. We also don’t see Glo coming down anytime soon. The company called Glo is owned by Mr. Mike Adenuga.
7. Nestlé Nigeria Plc
Nestlé Nigeria Plc is no doubt one of the most popular beverage companies in Nigeria. This company has been around for a while, and it happens to be behind a lot of consumers’ products in this country. Nestlé Nigeria Plc may not be perceived as a very wealthy company, but it actually happens to be.
GTB is another popular company in Nigeria. In fact, it wouldn’t be a terrible idea to say it’s among one of the most popular companies in the country. There are so many reasons why this company is so popular, and one of them has to do with the fact that it has an excellent user experience. GTB furthermore happens to be one of the best banks in the country.
9. Nigerian Breweries Plc
Here comes another company people don’t know much about, Nigerian Breweries Plc. The company is hands-down another very rich company in the country. But you’d hardly see its name floating around. Nigerian Breweries Plc has been around for a while, and we expect it to be around for a lot longer.
- 10. Guinness Nigeria
Last on our list, is Guinness Nigeria. For those who understand how much alcohol gets consumed in a day, you’d have no hard time seeing why this company ranks as one of the richest in the country. Guinness Nigeria has also been around for a long time, and we expect it to be around many years to come.
That’s all about the richest companies in Nigeria in 2020.
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