Support from investors undoubtedly would provide the required push that the country needs. 10 richest men in Nigeria 2020 & their cars; Top 10 richest men in Africa & their cars (2020) 2. With a market capitalization of more than $13.5 billion definitely belongs into the top 20 richest companies in Nigeria. Chavron is the winner in our Top 20 richest companies in Nigeria. Richest Entrepreneurs: Nigeria is a naturally endowed country.We have all kinds of natural, mineral and human resources. Of course, Cadbury manufactures various chocolate products so their subsidiary in Nigeria does the same. The company exports these products to other foreign countries. The gas plant in Bonny Island officially started producing liquefied natural gas products in September 1999. According to Forbes, his net-worth in 2016 was estimated to be $1.1 billion. This company also provided a special service wherein the Nigerian people could customize their phone numbers. 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. Through this company, they could participate in the petroleum business and regulate it at the same time. Nigeria is Sub Saharan Africa’s largest economy and relies heavily on oil as its main source of foreign exchange earnings and government revenues. 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. In fact, the business caters to different kinds of needs. The Igbo’s are considered for business oriented tribes. The list of oil business companies does not stop with Shell, Chevron or Total. Its name was, however, changed to Union Bank of Nigeria Plc. He is the chairman and largest individual shareholder with a stake of slightly more than 9% stake. Nigeria LNG Limited started as a limited liability company in May 1989. This article is the list of the richest footballers in Nigeria, who are playing actively. 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. His mobile phone network, Globacom, is the second largest operator in Nigeria, with 37 million subscribers. According to Forbes, his net-worth in 2015 was estimated to be $550 million. Being the richest black woman in the world, a position that Oprah Winfrey once held is no mean feat. Who is the richest businessmen in Nigeria? Business in Nigeria. 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. A staple in celebrations, beer always make any party come alive. He also owns prime real estate across Nigeria, and mobile telecom operator Visafone Communications Limited which has since been acquired by MTN. The company’s first name changed in 1979 to the First Bank of Nigeria and has been known as such ever since. 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. The Nigerian Stock Exchange added the company to a list of the most richest companies in Nigeria because of its success in the country. However, because of several militant activities in the country especially in the Niger Delta, the company could not get ahead of Mobil and Shell. One of the things money and wealth does not know is gender. The company comprises of food processing, freight, cement manufacturing businesses. The conglomerate’s operations stretch across oil and gas, flour milling, real estate, and marine transportation. Bonny Island, Nigeria houses the company’s natural gas plant. Take note, all these three subsidiaries operate in Nigeria. Orji Uzor Kalu (born April 21, 1960) is the chairman of SLOK Holding and the former governor of Abia State. The company also operates outside of Nigeria and the people from Ghana and Benin enjoy their services as well. So, based on this criterion, here is a top of the richest states: People have various health and hygienic needs and the Nigerian people certainly have the same needs. Its first official shipment happened in October of the same year. 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. The company has a market capitalization of more than $10 million USD. 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… He is the founder of AIM group, a conglomerate that is into construction, engineering design, communications and more. He is a billionaire businessman from Kano state. Oba Otudeko (born 18 August 1943) is a Nigerian entrepreneur. MTN Nigeria is a subsidiary of MTN Group Limited whose former operating name was M-Cell. Who do you think would make the list of the richest kids in Nigeria? Rabiu, the son of a businessman, inherited land from his father. She is aunt to Dj Exclusive and fourth Richest business person in Nigeria. Born on the 10th of April 1957, Aliko Dangote is the owner of the ‘Dangote Group,’ the largest cement and sugar producer in Africa. Abdulsalam Rabiu. Toothpaste, soaps, deodorants, lotions, and many more products come from Unilever Nigeria Plc. Rotimi Williams, 36, is the owner of Kereksuk Rice Farm, the 2nd largest commercial rice farm in Nigeria by land size. 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. It was founded in 1962 and operated formerly as Nestlé Products Nigeria Limited. The company has a market capitalization of $11 billion USD. It is a major telecommunications company second only to MTN Nigeria. The bank also aims to stabilize the financial and monetary environment in Nigeria. 1. Theophilus Danjuma (born 9 December 1938) is a former Nigerian defense minister and the founder of oil exploration company South Atlantic Petroleum (SAPETRO), which owns upstream assets in Nigeria, Republic of Benin, the Central African Republic and Madagascar. Brewery business seems to be good in Nigeria. However, full banking operations officially started in February 1991. Almost every country has a central bank and Nigeria; of course, has its own. After all, the entries can change with new companies joining the top 20 richest companies in Nigeria. Owned by Nigerian businessman Aliko Dangote, this company does not have only one main niche. You can guess the major fields that are the most valuable and bring the most money. With an estimated worth of over $400 million according to Forbes, Tunde Folawiyo is one of the richest men in the country. This name; Gulf Oil Company changed after the completion of a merger with Chevron. This time, it was with the Texaco Overseas. Food companies certainly earn big money. He has been listed as the richest African for the eighth year in a … Ecobank Transnational Incorporated – Market Value: 269.4 billion NGN. In January 2016, BUA Group agreed to sell its flour milling and pasta making businesses to Olam Group of Singapore for $275 million. Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset. 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. Nestlé Nigeria is no exception. But the biggest question is; how much money does one need to be rich? In this post we list top 10 richest women in Nigeria and their net worth this 2020. However, the male folks […] Orji Uzor Kalu’s Slok Holding is a West African conglomerate with interests in shipping, banking, oil trading, manufacturing, and the media. According to Forbes, Dangote’s net worth in 2018 was more than 14 billion U.S. dollars. One of the biggest consumer goods company in Nigeria would be Unilever Nigeria Plc. He set up his own business in 1988, importing rice, sugar and edible oils as well as iron and steel rods. The company officially started in 1962 through the installation of its very first brewery in Ikeja. Nigeria has slowly, but surely grew as years and decades pass by. 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. Born on the 10th of April 1957, Aliko Dangote is the owner of the ‘Dangote Group,’ the largest cement and sugar producer in Africa. 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. Also Read: Top 10 Early-Stage Startup Investors And VCs In Nigeria. 7 Amazing Books On How To Better Manage Your Money. Also read: The top richest people in Nigeria Today, Union Bank is one of the leaders in the Nigerian banking industry, and it boasts of a huge customer base, who carries out business with them because of their reputation and impressive customer service. The market capitalization of the company is approximately $220.17B USD. Please, note that the list below is in no particular order. This year also marked the relocation of the company to Lagos to put its expansion plans into action. Mike Adenuga – Net Worth $9.4 billion. Tunde Folawiyo. The CBN Act of 1958 founded the bank and operations officially started in July 1959. Its market capitalization is over 301 million USD. Here are the top 10 most richest companies in Nigeria according to their market values on the floor of the Nigerian Stock Exchange. Formerly known as the Bank of British West Africa, First Bank holds the record of being the largest bank in Nigeria in terms of gross earnings and total deposits. 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