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.
![](http://up.wiki.x.io/wikipedia/commons/thumb/4/4e/Nigeria_%28orthographic_projection%29.svg/220px-Nigeria_%28orthographic_projection%29.svg.png)
For further information on the types of business entities in this country and their abbreviations, see "Business entities in Nigeria".
Notable firms
editThis 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.
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 |
Wemy industries | Consumer | Personal goods | Lagos | 1978 | Personal hygiene products |
Zenith Bank | Financials | Banks | Lagos | 1990 | Commercial bank |
Dotts Media House | Media | PR & Digital Marketing | Lagos | 2014 | Influencer Marketing, Content Marketing, Brand Activations |
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Market in Kuje.
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Port Harcourt oil refinery gates.
See also
editReferences
edit- ^ "Nigeria becomes Africa's largest economy". Al Jazeera. 6 April 2014. Retrieved 5 April 2014.
- ^ "Nigerian Economy Overtakes South Africa's on Rebased GDP". Bloomberg.com. 7 April 2014. Retrieved 20 April 2014.
- ^ "UPDATE 2-Nigeria surpasses South Africa as continent's biggest economy". Reuters. 6 April 2014. Retrieved 26 April 2014.
- ^ "Nigeria | Data". World Bank. Retrieved 28 November 2013.
- ^ "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.
- ^ "Nigeria". West Africa Gateway. Archived from the original on 3 December 2013. Retrieved 25 August 2013.
- ^ Alli, W.O. "The Role of Nigeria in Regional Security Policy" (PDF). Friedrich Ebert Stiftung. Retrieved 28 November 2013.
- ^ 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.
- ^ 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).
- ^ Mace, Gordon, Louis Bélanger (1999) The Americas in Transition: The Contours of Regionalism, Lynne Rienner Publishers (p. 153).
- ^ Hussein Solomon (May 1997), "South African Foreign Policy and Middle Power Leadership" Archived 26 April 2015 at the Wayback Machine, ISS
- ^ Barber, Hortense M. (20 July 2011). "Nigeria, an Emerging African Power". BET. Retrieved 27 April 2015.
- ^ "MINT Countries: Nigeria Now Listed Among Emerging World Economic Powers!". The Street Journal. 7 January 2014. Retrieved 27 April 2015.
- ^ "The Mint countries: Next economic giants?". BBC. 6 January 2014. Retrieved 27 April 2015.