Jim James Ovia (born November 4, 1951) is a Nigerian businessman and founder of Zenith Bank one of the largest commercial banks in Nigeria. Another big-time oil producer in Nigeria is Chevron Nigeria Limited. Needless to say, companies concerning food also has a high earning rate. It further grew in size when another merger was sealed. It was founded in 1962 and operated formerly as Nestlé Products Nigeria Limited. They continue to grow at a rapid pace and shows no signs of slowing down. It has the role of a major sugar supplier to various breweries, confectioneries and soft drink companies in the country. Hailed as an example of a growing company, Glo has over 3,500 employees working for it worldwide. Formerly known as Etisalat Nigeria (though many still know the company by this name than the newer one), 9 Mobile boasts a multitude of very innovative products and services like the Eco Sim. Its market capitalization is over 301 million USD. It grew from that small trading firm to a multi-million conglomerate today. The richest people in Nigeria are focused; they chose a specific business of their strength and stuck to it. In th, Want to learn how to save money? However, the male folks […] This name; Gulf Oil Company changed after the completion of a merger with Chevron. Even, Do you want to make money with affiliate marketing? While many know about Folorunsho Alakija, Nigeria’s richest woman, very few know about other ladies that are seriously making waves in the world of business across the country. The NNPC is the Federal government-owned oil company in Nigeria. In this article, the companies that succeeded in earning large revenues and even more in turn helped the country succeed will be discussed. Because aside from Nigerian Breweries, the Nigerian people also have Guinness Nigeria to provide them with their favorite alcoholic beverages. MTN Nigeria is a subsidiary of MTN Group Limited whose former operating name was M-Cell. His net worth fell from a year ago due to the sustained weakness in oil prices. According to Forbes, Dangote’s net worth in 2018 was more than 14 billion U.S. dollars. The list of oil business companies does not stop with Shell, Chevron or Total. Which company is the richest company in Nigeria these days? We used their earnings and visible assets like cars and businesses to draw up this list. He is among the top richest men in Nigeria, thanks to a variety of investments, including a controlling interest in Transcorp, Nigeria’s largest publicly traded conglomerate; a significant stake in the United Bank for Africa; and an extensive portfolio of real estate across Nigeria, among other assets. The company not only caters to the Nigerian people but also exports its products to parts of West Africa as well. Today, we see many children dream of becoming famous and many teenagers also dream about turning into billionaires in their future, but some kids are born already famous and … Some many bags… Nigeria is gifted with many musicians who perform to make their fans happy and earn a lot of money for themselves doing what they love and do best, perform. To determine the richest state in Nigeria 2017, we will rate them by their GDP – Gross Domestic Product.It is an index, that shows the sum of the value of all the products the state has produced over the year. The company has more than 500 service stations in the country alone. He set up his own business in 1988, importing rice, sugar and edible oils as well as iron and steel rods. ALIKO DANGOTE: The world’s richest black man, Aliko Dangote, sits at the top of this list of richest business owners in Nigeria with an estimated net worth of $8.3 billion, according to … Please, note that the list below is in no particular order. Who is the richest businessmen in Nigeria? Follow us on Twitter or visit our Facebook page for more resources to grow your business online. It closed to impossible to see original Igbo man working at a company that he doesn’t own for more than 6years. CBN’s main role is to make sure that the external reserves of the country are maintained. The company also operates outside of Nigeria and the people from Ghana and Benin enjoy their services as well. Chavron is the winner in our Top 20 richest companies in Nigeria. Known as one of the country’s leaders in food production, the company garnered honorable citations as one of Africa’s most successful companies. The company has more than 18,000 employees scattered around the world. Bonny Island, Nigeria houses the company’s natural gas plant. As the most influential man in Africa (based on his great wealth), he has wined and dined with presidents, celebrities, business moguls, entrepreneurs and … Over the years, Aliko Dangote has established himself as Nigeria’s richest man, the richest in Africa and the richest black person in the world. The brewery in Ikeja became the first operation of Guinness outside of their native countries and a few years later, more breweries spawned in other places in Nigeria like the one in Benin City. One of the biggest consumer goods company in Nigeria would be Unilever Nigeria Plc. This time, it was with the Texaco Overseas. Through this sentiment, Nigerian Breweries Plc became a pioneer in the brewery business and also the biggest brewing company in Nigeria. 1. The Nigerian Stock Exchange added the company to a list of the most richest companies in Nigeria because of its success in the country. Aside loving business, the Igbo’s as well love production’s. She is aunt to Dj Exclusive and fourth Richest business person in Nigeria. As of November 2019, Folorunsho Alakija is estimated by Forbes Magazines to be worth $1 billion, making her the richest Nigerian woman alive. The company operates on a structure made of more than 6,000 km of flowlines and pipelines, 8 factories for natural gases over 1,000 oil-producing wells and at least 87 flow stations. She has interests in oil, printing and also fashion. The conglomerate’s operations stretch across oil and gas, flour milling, real estate, and marine transportation. According to Forbes, his net-worth in 2015 was estimated to be $0.75 billion. Nigerian people are probably some of the trendiest people in the world. Let’s find out. His mobile phone network, Globacom, is the second largest operator in Nigeria, with 37 million subscribers. Tony Onyemaechi Elumelu (born 22 March 1963) is a Nigerian economist, entrepreneur, and philanthropist. If you know, any wealthy Nigerian Footballer that you think ought to be here, use the comment box below to send us the name. Nairaland Forum / Nairaland / General / Business / Nigeria's Top 50 Richest Billionaires (263757 Views) 3 Youngest Nigerian Billionaires Today.No.1 Is Lagos Island Biggest Boy(pics) / List of World Richest Billionaires. Needless to say, Total Nigeria Plc is a subsidiary of Total; an energy company that operates in over 130 countries. Almost every country has a central bank and Nigeria; of course, has its own. in 1979 when the 40% shares owned by Barclays were sold to the Nigerian populace under the new law of investment. The company comprises of food processing, freight, cement manufacturing businesses. Toothpaste, soaps, deodorants, lotions, and many more products come from Unilever Nigeria Plc. Regardless if someone is a male or female, if he/she works his/her way toward getting rich, he/she definitely will if God permits. However, because of several militant activities in the country especially in the Niger Delta, the company could not get ahead of Mobil and Shell. The company exports these products to other foreign countries. Amin was also one of the recipients of Nigerian National award in 2014. He is the founder and chairman of Honeywell Group and is also the chairman of FBN Holdings Plc. She is aunt to Dj Exclusive and fourth Richest business person in Nigeria. The business grew and he was able to partner with a prominent Japanese firm. In January 2016, BUA Group agreed to sell its flour milling and pasta making businesses to Olam Group of Singapore for $275 million. Here is a list of the top 20 richest companies in Nigeria in Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest in Africa and peaked on the list as the 23rd-richest person in the world in 2014. A successful merger happened in 2001 which allowed Total Nigeria Plc to grow more. Construction companies also have good earnings in Nigeria. Femi Otedola is the son of the former Lagos State Governor, Michael Otedola. The ‘Dangote Group’ controls about 70% of the current Nigerian sugar market and operates as the third-largest sugar refinery in the world and the largest in Africa. 10 richest men in Nigeria 2020 & their cars; Top 10 richest men in Africa & their cars (2020) 2. Its most popular brand, the STAR Lager, had competition when it first came out. According to Forbes, her net-worth as of 11th March 2018 was estimated to be $1.7 billion. 19. His other businesses include chemical, steel, and iron importation. Chevron used to be the third-biggest oil company in Nigeria. 10 richest companies in Nigeria in 2018 10. According to Forbes, his net-worth in 2015 was estimated to be $330 million. So, based on this criterion, here is a top of the richest states: Nigeria's Top 50 Richest Billionaires - Business - Nairaland. It also has a diverse clientele from Nigeria and the gas and oil companies worldwide. After all, it uses a fiber network that reaches out nationwide. Alakija’s first company was a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida. Now, its 9 Mobile’s time to shine. In fact, more than 15,000 tons of cocoa beans became cocoa foods and drinks. Part of Globacom is Glo Mobile. GTB or Guarantee Trust Bank Plc is a Nigerian financial institution that provides a multitude of services like retail banking, investment banking, internet/online banking, asset management services and corporate banking. Also known as First Bank, it is aptly named because this bank officially opened for business in 1894, making it the oldest bank in Nigeria. However, by 1960, the product gained enough solid ground and became a staple in parties and ceremonies alike. These companies are the Nigerian National Petroleum Corporation, Shell, Total S.A., and Eni. He is a billionaire businessman from Kano state. Adenuga, Nigeria’s second richest man, built his fortune in telecom and oil production. Also, I will let you into their businesses and net worth. However, full banking operations officially started in February 1991. According to the recently released Forbes list in 2018, Mike Adenuga’s net worth as of 11th March 2018 was estimated to be $4.2 billion and he is the third richest person in Africa. It also acts as a financial adviser to the Nigerian government. And the human resources that we operate include the hardworking and decisive individuals, who have rightfully made themselves a name in the world of business. So, each company has 55%, 30%, 10%, and 5%, respectively where its Market capitalization is $110 Billion USD. This construction company holds the position of being the biggest construction company in Nigeria and has been included in the Nigerian Stick Exchange list since 1991. Mobil Nigeria’s market capitalization is over 147 Million USD. He is the chairman of the Yinka Folawiyo Group, a large conglomerate with interest in energy, agriculture, shipping and real estate. Being a prime commodity makes this possible. 9 Mobile also founded the Etisalat Prize for Innovation as a means for the Nigerian people to explore their innate talents at creating ways for Internet expansion in the country. Richest Entrepreneurs: Nigeria is a naturally endowed country.We have all kinds of natural, mineral and human resources. It is a major telecommunications company second only to MTN Nigeria. It’s headquartered in Abuja and also provides the most jobs for Nigerians. She has interests in oil, printing and also fashion. 6. Mike Adenuga follows Africa's richest man Aliko Dangote Mike Adenuga maintains his position as the second richest man in Nigeria and third spot on the continent with a net worth of $9.6 billion. West African Monetary Zone rejects ‘Eco’ Currency, Top 20 Richest Companies in Nigeria Conclusion, Richest companies in Africa: Top 100 in 2020. Nigeria’s billionaires and big businesses are ploughing money into Africa’s largest economy even as foreign investors shy away from a country in the midst of its second recession in five years. In this post we list top 10 richest women in Nigeria and their net worth this 2020. Talking of his philanthropical gestures, among other things, in 2014, the Nigerian government said Dangote had donated 150 million Naira (US$750,000) to halt the spread of Ebola. Amin Mousalli is a Lebanese-Nigerian based businessman. The majority of Nigerians aren’t so great when it comes to sa, Everyone can make money on Fiverr if they have one or two digital skills. The belief is that happiness lies in being rich. Therefore this company is a subsidiary of Royal Dutch Shell’s Nigerian branch or most commonly known as Shell Nigeria. Tunde Folawiyo. Guinness Nigeria. Here is our Top 10 Richest Men in Nigeria 2019 Aliko Dangote. If you are ever going to make it in Nigeria, then you must obey the first law of business success of Andrew Carnegie; the steel mogul. The bank has a customer base of more than 10 million people and has 7,000 employees under its wing. Cadbury Nigeria Plc produces sweets and confectionery products with Bournvita as its main selling product. Folorunso Alakija (born 15 of July 1951) is a Nigerian billionaire businesswoman, one of the richest African women, and one of the richest black women in the world. One can locate the company’s headquarters in Lagos Nigeria. Also Read: 7 Amazing Books On How To Better Manage Your Money. The company started in 1946 and operated under a different name, Nigerian Breweries Limited. Abdul Samad Isaya Rabiu is the scion of a wealthy family and unarguably one of the wealthiest Hausa indigenes in Nigeria. Rotimi Williams, 36, is the owner of Kereksuk Rice Farm, the 2nd largest commercial rice farm in Nigeria by land size. After all, the entries can change with new companies joining the top 20 richest companies in Nigeria. Also Read: How To Invest In The Nigerian Stock Exchange. Mike Adenuga is one of the famous entrepreneurs in Nigeria. Who do you think would make the list of the richest kids in Nigeria? He was born on 29th April 1953 at Ibadan, Oyo state Nigeria, into the family of Oloye Michael Agbolade Adenuga Snr, a school teacher, and Omoba Juliana Oyindamola Adenuga, a business woman of the royal Ijebu descent. Founded on January 17, 1990, GTB aimed to provide various banking services to the Nigerian people. Fashion designers are becoming millionaires on daily basis in Nigeria, thanks to the revolution in the Nigerian fashion business orchestrated by the boom in the entertainment industry in Nigeria… We are talking about business men, true, but she has earned the right to be on this list. Committed to providing products and services, Total Nigeria Plc goes head-to-head with the big names in oil such as Shell and Chevron. Fashion Business. Its name was, however, changed to Union Bank of Nigeria Plc. In this video I will be sharing with you the top 10 most richest kids in Nigeria. Its first official shipment happened in October of the same year. The company provides as much as 1/3 of MTN Group Limited’s revenue. Over the years, Mrs Folorusho Alakija has continued to lead the way as one of the most successful businesswomen in Nigeria and Africa as a whole. Hence it does not matter if the investors came from the country or a foreign one. These ten first-generation Nigeria entrepreneurs started from humble beginnings but turned around their fortune with the right mix of intelligence, ambition, determination, and perseverance. Sure, it has its fair share of ups and downs but because of the people’s perseverance and continued belief that everything would turn out well in the end, the country now has a stable economy. Tony Elumelu came into the limelight in 1997 when he led a small group of investors to take over a small, floundering commercial bank in Lagos. Being the richest black woman in the world, a position that Oprah Winfrey once held is no mean feat. Some of the must popular companies in Nigeria such as Slot, Linda Ikeji and almost 70% of Nollywood artists are from igbos. It has a market capitalization of $2.8 billion. Business in Nigeria. The list of richest kings in Nigeria can't be complete without the Sultan of Sokoto - the most powerful ruler in the north and among the richest in Africa. Long before Nigeria’s economic boom, their stories of hardship, labor and success set new benchmarks, and serve as an inspiration to everyone. 4 key players in the oil industry comprise the company as a whole. Brewery business seems to be good in Nigeria. RELATED: 7 Richest Politicians in Nigeria. READ ALSO: Richest companies in Africa: Top 100 in 2020. Also Read: Top 10 Early-Stage Startup Investors And VCs 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. Abdul Samad Isyaku Rabiu (born 4 August 1960) is a Nigerian businessman and the founder of BUA Group, a Nigerian conglomerate active in sugar refining, cement production, real estate, logistics, and port operations. The CBN Act of 1958 founded the bank and operations officially started in July 1959. This brewing company is a subsidiary of Diageo Plc situated in the United Kingdom. Here are the top 10 most richest companies in Nigeria according to their market values on the floor of the Nigerian Stock Exchange. Operating offshore, the company has at least 90 platforms located on a territory with a total of 7900,000 acres of land. The gas plant in Bonny Island officially started producing liquefied natural gas products in September 1999. Saipem Nigeria is a subsidiary of Saipem that mainly provides oil services like drilling either onshore or offshore, construction of power plants and pipelines onshore and offshore, maintenance and engineering services. Born on the 10th of April 1957, Aliko Dangote is the owner of the ‘Dangote Group,’ the largest cement and sugar producer in Africa. In 2014, she temporarily unseated Oprah Winfrey as the richest woman of African descent in the world. According to Forbes, his net-worth in 2014 was estimated to be $550 million.
2020 richest business in nigeria