In this post, you will see the full list of notable multinational companies in Nigeria. These companies operate in many other countries and have their branches in Nigeria.
What is a Multinational Company?
Multinationals are companies which have a trading/business presence in countries other than the country where they are headquartered.
That is, multinationals have branches spread across the globe where they market their products, as well a central head office in their home country where they coordinate the affairs of their multiple branches.
They are sometimes called transnational, international, or stateless corporations. They have a highly skilled and well-paid workforce, with a very highly competitive working environment.
In Nigeria, there are several multinationals spread across the various sectors like oil and gas, telecommunication, construction, travel, etcetera.
30 Multinational companies in Nigeria
Here in this post, we’ll be providing you with information on some of the top multinationals in Nigeria, as well as their respective locations.
An American based oil and gas firm, Chevron have offices/branches in over 180 countries across the globe, including Nigeria – where they are one of the top oil producing companies.
The oil and gas giant was ranked 19th in 2017 on the fortune 500 lists or top us closely held and public corporations, and 16 on the fortune 500 lists of the top 500 corporations worldwide. Headquartered in the United States, Chevron has 5 refineries in the US, and 3 abroad – Thailand, Canada, and South Africa – as well as nonoperational stakes in five foreign refineries in South Korea, Singapore, Australia, Pakistan, and New Zealand.
They are also the owners of one of America’s leading petrochemical companies – Chevron Phillips chemical company – and they own a network of gas stations under the trademark names “Chevron,” “Texaco,” and “Caltex” worldwide. Chevron is also actively involved in other aspects of oil and gas like geothermal energy, hydrocarbon exploration and production, chemical manufacturing and sales, and power generation.
Shell started out as a small English company involved in oil transport before it was merged with the Royal Dutch, who was involved in oil exploration and production, and since then, it has grown to become one of the major players in the oil and gas sector globally.
They’re one of the six oil and gas supermajors in the world, and as of 2018, the 6th largest company in the world by revenue, and the largest based in Europe. In 2013, they were first in the fortune global 500 list of the world’s largest companies.
They are said to have a presence in about 143 countries, with over 2000 branches, and with a staff strength of over 9000 personnel. They are also said to provide services to the patronage of over 25 million customers across the globe.
The company is actively involved in every area of the oil and gas sector including exploration, production, refining, transport, distribution, marketing, power generation, and trading, as well as activities in renewable energy including biofuels, wind, hydrogen, and energy kite systems.
Another major world player in the oil and gas sector, ExxonMobil engine oil products are quite popular globally because of their high quality and effective innovative solutions.
This is due to the fact that they employ the use of advanced technology in the manufacturing of their petrochemical products. They are also famed in the area of high tech lubricants and are synonymous with Motorsport. With its headquarters in Irving, Texas, ExxonMobil is the largest direct descendant of John D. Rockefeller’s Standard Oil company.
It was formed by the merger of Exxon – formerly the Standard Oil company of New Jersey – and Mobil – formerly the Standard Oil company of New York. Currently, they are the world largest company by revenue, and in 2016, were ranked 9th globally in the Forbes global 2000 list.
Also, in 2016, they ranked 10th most profitable company on the fortune 500 list. They boast of 37 oil refineries in 21 countries, and a combined daily refining capacity of 6.3 million barrels (1,000,00m³) and these numbers set them as the largest oil refiners in the works. They also have a staff strength of 71,000 personnel and a net worth of $20.84 billion.
4. British Airways
British Airways is the largest airline based in the United Kingdom in terms of fleet size, international flights, and international destinations, and was, until 2008, the largest airline by passenger numbers.
In said 2008, the company transported 34.6 million passengers across the globe. It has its head office, Waterside, at Harmondsworth, a village that is near London’s Heathrow airport, while its main base is at the London Heathrow airport, but it also has a presence at Gatwick airport.
An American multinational corporation, and manufacturer, retailer, and marketer of non-alcoholic beverages concentrate, and syrups, Coca-cola is famed for its flagship product Coca-cola, which was invented in 1886 by pharmacist John Stith Pemberton in Atlanta, Georgia.
In 1886, the Coca-cola formula was bought by Asa Griggs Candler, who later incorporated the Coca-cola company in 1892. Coca-cola has made use of a franchise distribution system to market its product since 1889. This system involves the company producing its products – syrup concentrate – and then selling it to various bottlers throughout the world who hold exclusive territories.
The Coca-cola company sells beverage products in more than 200 companies worldwide and of the more than 50 billion beverage servings consumed across the globe, beverages under the trademark “Coca-cola” account for about 1.5 billion of them.
In 2010, figures showed that they sold 1.6 billion drinks every day. They have about 43% gallon sales in the US, 37% in Mexico, India, Pakistan, Brazil, Japan and the people’s republic of China, and 20% across the rest of the globe. They also have a staff strength of around 62,000 employees and a net income $6.43 billion.
One of the largest multinational companies in Nigeria, with a product range in consumer goods, Unilever was formed in 1930, with the merger between the Dutch margarine producer, Margarine Unie, and the British soapmaker, Lever Brothers.
The company currently owns 400 brands, with the notable products in their product range being; Axe/Lynx, Dove, Omo, Becel/Flora, Heartbrand ice creams, Hellmann’s, Knorr, Lipton, Lux, Magnum, Rama, Rexona/Degree, Sunsilk, and Surf.
7. Procter & Gamble
Known by the popular anagram P&G, Procter and Gamble are one of the leading multinationals in Nigeria that deal in consumer goods.
The company has a wide product range in cleaning agents, personal care, and hygiene brands.
One of the leading pharmaceutical companies in the country, as well as the world, GSK is a British multinational company established in 2000 by a merger between Glaxo Wellcome and SmithKline Beecham.
The company’s top-selling products include Advair, Avodart, Flovent, Augmentin, Lovaza, and Lamictal, as well as consumer products which include Sensodyne and Aquafresh toothpaste, the malted-milk drink Horlicks, Abreva for cold sores, Breathe Right nasal strips, Nicoderm and Nicorette nicotine replacements, and Night Nurse, a cold remedy.
These products earned the company £52 billion in sales in 2013.
9. British American Tobacco
Popularly known as BAT, British American Tobacco is the largest publicly traded tobacco company in the world, as well as the number 1 manufacturer and marketer of tobacco in Nigeria. The company is said to have been in the country for over a century.
Its four largest-selling brands include Dunhill, and the US brands Lucky Strike, Kent and Pall Mall. It also markets popular brands like Benson & Hedges and Rothmans.
Accenture is one of the leading management consulting and professional services firm in the world today that provides services in strategy, consulting, digital, technology and operations services.
The company has a workforce of over 459,000 people reaching clients in over 200 cities in 120 countries. The company’s clientele currently includes 95 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500.
A British multinational confectionery company – the second largest confectionery company in the world – Cadbury is wholly owned by Mondelez International (originally Kraft Foods).
It has its headquarters in Uxbridge, West London, with presence in over 50 countries including Nigeria.
Its products range includes; Dairy Milk chocolate, the Creme Egg and Roses selection box, as well as many other confectionery products.
12. General Electric
With it’s headquarters in Boston, Massachusetts, General Electric is an American company with presence in nations across the globe, including Nigeria.
The company operates in various sectors including; aviation, healthcare, power, renewable energy, digital, additive manufacturing, venture capital and finance, lighting, transportation, and oil and gas.
13. Baker Hughes
Another major oil field company in the world, Baker Hughes is owned by General Electric.
It provides services for oil and gas companies in drilling, formation evaluation, completion, production, and reservoir consulting. It has a presence in over 120 countries, including Nigeria.
Cisco is one of the leading networking companies in the world, with operational presence in countries across the globe, including Nigeria.
The company offers networking services in the development, manufacture, and sales of networking hardware, telecommunications equipment, and other high-technology services and products.
Its office in Nigeria is located in Lagos, at the Atlantic House, Victoria Island.
With headquarters at Redwood Shores, California, Oracle Corporation (or just Oracle) is a multinational computer technology company that specializes in developing and marketing database software and technology, cloud engineered systems and enterprise software products — particularly its own brands of database management systems. Like Cisco, it also has an office in Lagos at Victoria island.
Said to be one of the Big 4 auditors – alongside Deloitte, Ernst & Young and Price Waterhouse Cooper – KPMG (or Klynveld Peat Marwick Goerdeler) is one of the largest employers of labour in the world, with a staff strength of over 180,000 personnel. Its focus is majorly on financial audit, tax, and advisory.
17. Airtel Nigeria
One of the leading telecommunications companies in the world, Bharti Airtel International (Netherlands) B.V. operates in Africa as Airtel Africa and in Nigeria as Airtel Nigeria.
The African subsidiary provides telecommunication services in 15 African countries with Nigeria and Ghana being its two most profitable markets.
As of March 2017, the telecommunication giant is said to have had 78 million subscribers on the continent.
Diageo plc is a British alcoholic multinational company, with its headquarters in London, England. One of the largest distillers in the world, they are the producers of notable product brands like Smirnoff, Johnnie Walker, Baileys, and Guinness.
They also own 37% of Moët Hennessy, which owns Moët & Chandon, Veuve Clicquot, and Hennessy brands. They have a presence in over 180 countries with a subsidiary of Diageo in Nigeria – Guinness Plc.
Schlumber is said to be the world’s largest oilfield service company with presence in over 85 countries – including Nigeria – and a staff strength of around 100,000 people from over 140 nationalities.
It is the leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. It also has 4 principal executive offices in Paris, Houston, London, and the Hague
Once a subsidiary of Italian energy company Eni, Saipem is an Italian oil and gas industry contractor. In Nigeria, the oil and gas giant was formerly known with the name Agip oil.
Said to be the largest telecommunications manufacturer on the globe, Huawei Technologies Company Limited is a Chinese multinational networking, telecommunications equipment, and Services Company with its headquarters in Shenzhen, Guangdong.
Initially, the company was said to be focused on manufacturing phone switches but has since expanded its business in recent years to include building telecommunications networks, providing operational and consulting services and equipment to enterprises inside and outside China, and manufacturing communications devices for the consumer market.
It has a presence in many countries across the globe, including Nigeria, where it has an office in Victoria Island, Lagos.
22. The International Business Machines Corporation (IBM)
The International Business Machines Corporation – or IBM for short – is an American multinational technology company with its headquarters in Armonk, New York, United States. The company has a presence in over 170 countries across the globe, including Nigeria.
23. Microsoft Nigeria
Owned by multibillionaire, Bill Gates, and with headquarters in Redmond, Washington, Microsoft is a major multinational technology company with presence in countries across the globe, including Nigeria.
The tech giant is known to develop, manufacture, license, support and sell computer software, consumer electronics, personal computers, and services.
It is also known for its software products; Microsoft Windows operating system, the Microsoft Office suite, the Internet Explorer and Edge web browsers, as well as the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers.
One of the world’s leading tech giant, and the firm responsible for the Google search engine, and the popular Android operating system, Google has firmly established itself as a major player in technology in the today’s world.
It specializes majorly in Internet-related services and products like; search engine, cloud computing, software, and hardware.
It has a presence in every major country in the world, including Nigeria – where it has a branch located in Lagos.
25. Price Waterhouse Cooper (PWC)
Another one of the big four auditing firms, Price Waterhouse Cooper – or PWC for short – is a multinational professional services network with its headquarters in London, United Kingdom.
It is currently the second largest professional service firm in the world, as well as the 5th-largest privately owned company in the United States. As a multinational firm, it has a presence in various countries across the globe, with its reach stretching across 158 nations, including Nigeria.
26. Halliburton Energy
Halliburton is an American multinational corporation, and one of the leading providers of products and services in the upstream and downstream energy industry.
It owns quite a large number of subsidiaries, affiliates, branches, brands, and divisions worldwide through which it provides services in oil and gas exploration and production, as well as the construction of refineries, oil fields, pipelines, and chemical plants.
It is said to have a workforce of approximately 50,000 people from over 70 countries, including Nigeria.
Formed by the merger of cement companies Lafarge and Holcim, LafargeHolcim is a leading manufacturer of building materials (primarily cement, aggregates, and concrete) on the globe.
It has a presence in over 80 countries, with a workforce of around 81,000 employees. In Africa, especially in West Africa and Nigeria, it is one of the most popular building materials manufacturing companies
A South African based multinational telecommunications company, with presence in about 20 countries across Africa, Asia, and Europe, MTN, is by far, the most popular name when it comes to telecommunication services in Africa and Nigeria.
It has its headquarters in Johannesburg, South Africa. Despite its wide global reach, MTN Nigeria is responsible for one-third of the MTN’s revenue with an estimated 35% market share.
Nestlé is the largest food and drinks multinational company in the world with operations in over 194 countries including Nigeria.
It has a wide product range which includes; baby food, medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks.
Some of its popular product brands are Nespresso, Nescafé, Kit Kat, Smarties, Nesquik, Stouffer’s, Vittel, and Maggi, Nan, Nutrend, Cerelac, Golden Morn, Chocomilo, Pure Life.
30. PZ Cussons
PZ Cussons is a British owned firm which specializes in the manufacture and sales of personal healthcare products and consumer goods.
It has a presence in Europe, Africa, and Asia, but is especially established in Africa and Commonwealth nations. The main brand in its wide product range is the Imperial Leather range of soaps, bath and shower, and cosmetic products.
Multinationals see Nigeria as a fertile ground for profitable investments, as such, there are a plethora of them in Nigeria.
These firms, aside from investing in the country’s economy, offer job opportunities to its citizens as well, and their salary offers are also quite interesting. We hope this article has been able to inform you about some top multinationals in Nigeria. Let us know.Buy and Sell Bitcoin in Nigeria - Register for free on Luno
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