Nigeria Business Directory & List of Companies

Capital City and 5 Largest Cities in Nigeria

• Abuja is the capital city of Nigeria. It is located in the center of the country and serves as the political and administrative center of Nigeria. Abuja was officially designated as the capital in 1991, replacing Lagos.
• Lagos is Nigeria's largest and most populous city. It is situated on the country's southwestern coast and serves as the economic and commercial hub of Nigeria. Lagos is known for its vibrant culture, bustling markets, and port facilities.
• Kano is one of the largest cities in Nigeria and is located in the northern part of the country. It is known for its rich history and is a center of commerce, trade, and industry in northern Nigeria.
• Ibadan is a major city in southwestern Nigeria. It is known for its cultural heritage, including historical sites and landmarks. Ibadan is also an important educational and commercial center.
• Kaduna is located in northern Nigeria and serves as a major transportation and trade hub. It is known for its railway connections and as a center for government and industry.
• Port Harcourt is a significant city in the Niger Delta region of Nigeria. It is known for its oil and gas industry and is a major port city along the Gulf of Guinea.

Nigeria on Map - see more from Google map

Nigeria Economy in Figures

1. Gross Domestic Product (GDP): In 2020, Nigeria's GDP was approximately 448.1 billion USD.
2. GDP per Capita: Nigeria had a GDP per capita of around 2,230 USD in 2020. However, it's important to note that Nigeria's population is one of the largest in Africa, which affects the per capita figure.

   Economic Sectors

3. Oil and Gas: Nigeria is a major oil-producing country in Africa. The oil and gas sector historically accounted for a significant portion of the country's revenue and exports.
4. Agriculture: Agriculture plays a crucial role in Nigeria's economy, employing a large percentage of the population. Key agricultural products include crops like cassava, maize, rice, and cocoa.
5. Services: The services sector includes various subsectors such as telecommunications, finance, and information technology. Lagos, in particular, is known as a financial and technology hub.
6. Manufacturing: Manufacturing activities in Nigeria include the production of consumer goods, textiles, and cement, among others.
7. Foreign Investment: Nigeria has attracted foreign investment, particularly in sectors beyond oil and gas, including telecommunications, banking, and consumer goods.
8. Infrastructure Development: Nigeria has been working on infrastructure development, including transportation networks (roads, bridges, airports), power generation, and telecommunications, to support economic growth and development.
9. Challenges: Nigeria faces economic challenges such as high unemployment rates, poverty, income inequality, security concerns, and issues related to corruption and governance.
10. Currency: The currency of Nigeria is the Nigerian Naira (NGN).
11. Trade: Nigeria's main trading partners include China, the United States, India, and the European Union. Exports primarily consist of oil and petroleum products.
12. Debt: Nigeria has faced fiscal challenges, including government debt, and has been working on fiscal consolidation efforts.

Five Top Companies in Nigeria

1. The Dangote Group is one of the largest and most diversified conglomerates in Nigeria and Africa. Founded by Aliko Dangote, it has interests in various sectors, including cement manufacturing, sugar production, salt processing, and more. Dangote Cement is one of its most prominent subsidiaries and is among the largest cement producers in Africa.
2. Nigerian National Petroleum Corporation (NNPC) is Nigeria's state-owned oil and gas company. It is involved in the exploration, production, and marketing of petroleum and petroleum products. NNPC plays a crucial role in Nigeria's energy sector.
3. MTN Nigeria Communications Plc: MTN Nigeria is a subsidiary of the South African telecommunications giant MTN Group. It is one of the largest mobile network operators in Nigeria, providing voice, data, and other telecommunications services to millions of subscribers.
4. Guaranty Trust Bank (GTBank): Guaranty Trust Bank, often referred to as GTBank, is one of Nigeria's leading banks. It offers a wide range of financial services, including retail banking, corporate banking, and asset management.
5. Nestlé Nigeria Plc: Nestlé Nigeria is a subsidiary of Nestlé S.A., a global food and beverage conglomerate. Nestlé Nigeria produces and markets a variety of food and beverage products, including dairy, cereals, confectionery, and more.

Five Top Banks in Nigeria

1. Access Bank is one of the largest banks in Nigeria and has a significant presence in the West African region. It offers retail banking, corporate banking, and financial services, including mobile banking and digital solutions.
2. Zenith Bank is a leading financial institution in Nigeria, known for its strong corporate banking services and innovative digital banking platforms. It operates internationally and offers a wide range of financial products.
3. First Bank of Nigeria is one of Nigeria's oldest and most established banks. It provides a comprehensive range of banking and financial services, including retail, corporate, and investment banking.
4. United Bank for Africa (UBA): UBA is a pan-African bank with a significant presence in Nigeria. It offers a wide range of banking services, including retail, corporate, and investment banking, as well as international operations across Africa and beyond.
5. Guaranty Trust Bank (GTBank) is known for its innovative banking solutions and excellent customer service. It offers retail and corporate banking services and is renowned for its digital banking offerings.