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Location of Nigeria

Nigeria is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north. As of 2015 Nigeria has the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's largest economy in 2014. [1] [2] The 2013 debt-to-GDP ratio was 11 percent. [3] Nigeria is considered to be an emerging market by the World Bank; [4] it has been identified as a regional power on the African continent, [5] [6] [7] a middle power in international affairs, [8] [9] [10] [11] and has also been identified as an emerging global power. [12] [13] [14] Nigeria is a member of the MINT group of countries, which are widely seen as the globe's next " BRIC-like" economies. It is also listed among the " Next Eleven" economies set to become among the biggest in the world. Nigeria is a founding member of the African Union and a member of many other international organizations, including the United Nations, the Commonwealth of Nations and OPEC.

For further information on the types of business entities in this country and their abbreviations, see " Business entities in Nigeria".

Notable firms

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct. Most of these companies (defunct or thriving) had or have their head offices in Lagos State of Nigeria. Lagos is unofficially recognized as the Commercial Capital of Nigeria.

Notable companies
     Active      State-owned      Defunct
Name Industry Sector Headquarters Founded Notes
Access Bank Financials Banks Lagos 1989 Commercial bank
Aero Contractors Consumer services Airlines Ikeja 1959 State charter airline
Arik Air Consumer services Airlines Ikeja 2002 Airline
BUA Cement Industrials Building materials & fixtures Lagos 2008 Cement, part of BUA Group
BUA Foods Consumer goods Food Lagos 1988 Food industry, part of BUA Group
Cassava Republic Press Consumer services Publishing Abuja 2006 Publisher
Central Bank of Nigeria Financials Banks Abuja 1958 State-owned bank
Chanchangi Airlines Consumer services Airlines Kaduna 1994 Airline
C&I Leasing Group PLC Industrials Marine transportation Lekki 1990 Leasing
Chocolate City Records Consumer services Broadcasting & entertainment Lagos 2005 Music label founded by Audu Maikori
Dana Air Consumer services Airlines Ikeja 2008 Regional airline
Dangote Cement Industrials Building materials & fixtures Lagos 1992 Cement, part of Dangote Group
Dangote Group Conglomerates – Lagos 1981 Cement, food and beverage, oil and gas
Diamond Bank Financials Banks Lagos 1990 Bank
Ensure Financials Full line insurance Lagos 1993 Insurance
First City Monument Bank Financials Banks Lagos 1982 Bank
Fidelity Bank Nigeria Financials Banks Lagos 1988 Bank
First Bank of Nigeria Financials Banks Lagos 1894 Bank
Guaranty Trust Bank Financials Banks Lagos 1990 Bank
Industrial and General Insurance Company Financials Full line insurance Lagos 1991 Insurance
Jiji.ng Technology Internet Lagos 2014 Online marketplace
John Holt plc Industrials Diversified industrials Lagos 1897 Industrials, power, logistics
Julius Berger Industrials Heavy construction Abuja 1950 Construction and development
Jumia Technology Internet Ikeja 2012 E-commerce platform
Kabo Air Consumer services Airlines Kano 1980 Airline
Kakawa Discount House Limited Financials Investment services Lagos 1995 Discount house
Keystone Bank Limited Financials Banks Lagos 2011 Bank
Leadway Financials Full line insurance Lagos 1970 Insurance
Mavin Records Consumer services Broadcasting & entertainment Lagos 2012 Music label founded by Don Jazzy
Mikano International Limited Industrials Diversified industrials Lagos 1993 Electrical power generation, real estate and construction
Nigerian National Petroleum Corporation (NNPC) Oil & gas Exploration & production Abuja 1977 State-owned oil
Nigerian Postal Service Industrials Delivery services Abuja 1987 Postal services
Nigerian Railway Corporation Industrials Railroads Lagos 1898 National railways
Nigerian Television Authority Consumer services Broadcasting & entertainment Abuja 1977 State-owned television
Oando Oil & gas Exploration & production Lagos 1956 Petrochemical and energy
ROCAD Construction Limited Industrials Heavy construction Abuja 2002 Construction
Shell Nigeria Oil & gas Exploration & production Abuja 1937 Part of Royal Dutch Shell (Netherlands)
Skye Bank Financials Banks Lagos 2006 Has now been changed to Polaris Bank
Spring Bank Financials Banks Lagos 2004 Bank, defunct 2011
Sterling Bank Financials Banks Lagos 1960 Bank
The Tide Consumer services Publishing Port Harcourt 1971 State-owned newspaper
Transmission Company of Nigeria Utilities Electricity transmission Abuja 2005 Power
Transnational Corporation of Nigeria Conglomerates – Lagos 2004 Food and beverage, power, hotels
Union Bank of Nigeria Financials Banks Lagos 1917 Bank
United Africa Company of Nigeria Conglomerates – Lagos 1931 Logistics, real estate, industrials
United Bank for Africa Financials Banks Lagos 1949 Bank
Wema Bank Financials Banks Lagos 1945 Bank
Zenith Bank Financials Banks Lagos 1990 Commercial bank
Dotts Media House Media PR & Digital Marketing Lagos 2014 Influencer Marketing, Content Marketing, Brand Activations

See also

References

  1. ^ "Nigeria becomes Africa's largest economy". Al Jazeera. 6 April 2014. Retrieved 5 April 2014.
  2. ^ "Nigerian Economy Overtakes South Africa's on Rebased GDP". Bloomberg.com. 7 April 2014. Retrieved 20 April 2014.
  3. ^ "UPDATE 2-Nigeria surpasses South Africa as continent's biggest economy". Reuters. 6 April 2014. Retrieved 26 April 2014.
  4. ^ "Nigeria | Data". World Bank. Retrieved 28 November 2013.
  5. ^ "Nigeria is poised to become Africa's most powerful nation". TradeMark Southern Africa. 2013. Archived from the original on 3 December 2013. Retrieved 28 November 2013.
  6. ^ "Nigeria". West Africa Gateway. Archived from the original on 3 December 2013. Retrieved 25 August 2013.
  7. ^ Alli, W.O. "The Role of Nigeria in Regional Security Policy" (PDF). Friedrich Ebert Stiftung. Retrieved 28 November 2013.
  8. ^ Cooper, Andrew F., Agata Antkiewicz and Timothy M. Shaw, "Lessons from/for BRICSAM about South-North Relations at the Start of the 21st Century: Economic Size Trumps All Else?", International Studies Review, Vol. 9, No. 4 (Winter 2007), pp. 675, 687.
  9. ^ Myftyler, Meltem, and Myberra Yyksel, "Turkey: A Middle Power in the New Order", in Niche Diplomacy: Middle Powers After the Cold War, edited by Andrew F. Cooper (London: Macmillan, 1997).
  10. ^ Mace, Gordon, Louis Bélanger (1999) The Americas in Transition: The Contours of Regionalism, Lynne Rienner Publishers (p. 153).
  11. ^ Hussein Solomon (May 1997), "South African Foreign Policy and Middle Power Leadership" Archived 26 April 2015 at the Wayback Machine, ISS
  12. ^ Barber, Hortense M. (20 July 2011). "Nigeria, an Emerging African Power". BET. Retrieved 27 April 2015.
  13. ^ "MINT Countries: Nigeria Now Listed Among Emerging World Economic Powers!". The Street Journal. 7 January 2014. Retrieved 27 April 2015.
  14. ^ "The Mint countries: Next economic giants?". BBC. 6 January 2014. Retrieved 27 April 2015.
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