Multinational Companies In Nigeria (2023)

Multinational Companies In Nigeria — Multinational Companies (MNCs), usually referred to as transnational corporations, are companies that conduct business across multiple countries and have a significant presence in each country. MNCs frequently have centralized management structures and could have production sites, Research and development facilities and sales offices spread throughout several nations.

MNCs may have their headquarters in one country and subsidiaries in other countries, or they may be set up as a decentralized network of independently run companies in every country. Because of their ability to affect international trade patterns, capital flows, and the transfer of technologies, these businesses frequently have a large impact on the global economy.

Major companies (MNCs) operate in an array of industries, including manufacturing, services, technology, and finance. Companies frequently possess considerable assets and talents, such as research and development expertise, financial stability, and brand awareness, which allow them to successfully compete in a variety of international marketplaces.

We’ll give you details on some of the major international companies operating in Nigeria, as well as where they’re based–in this post.

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Multinational Companies In Nigeria (2023)

1. Chevron

Chevron, an American oil and gas company, has offices or branches in more than 180 nations across the world, including Nigeria, where they are one of the leading oil producers.

The oil and gas company was placed 16 on the Fortune 500 list of the top 500 firms worldwide and 19th on the Fortune 500 list of the top US closely owned and public corporations in 2017.

Chevron, which has its corporate headquarters in the US, operates 5 refineries there as well as 3 abroad in Thailand, Canada, and South Africa. It also owns non-operating interests in 5 additional refineries abroad in South Korea, Singapore, Australia, Pakistan, and New Zealand.

Additionally, they own a network of petrol stations around the world under the brand names “Chevron,” “Texaco,” and “Caltex.” They also own one of America’s top petrochemical firms, Chevron Phillips chemical corporation.

In addition to oil and gas, Chevron is also heavily involved in geothermal energy, hydrocarbon exploration and production, chemical production and sales, and power generation.

2. Shell

Before merging with the Royal Dutch, a firm engaged in oil exploration and production, Shell was a modest English company that transported oil. Since that time, it has expanded to become one of the world’s main players in the oil and gas industry.

As of 2018, they were the sixth-biggest company in the world by revenue and the largest firm based in Europe. They are one of the six oil and gas supermajors in the world. They topped the Fortune Global 500 list of the biggest corporations in the world in 2013.

They reportedly have a presence in 143 different countries, have more than 2000 branches, and employ over 9000 people. Additionally, it is claimed that they serve more than 25 million clients globally.

The business is actively involved in all aspects of the oil and gas industry, including exploration, production, refining, transportation, distribution, marketing, power generation, and trading, as well as renewable energy projects involving biofuels, wind, hydrogen, and energy kite systems.

3. ExxonMobil

ExxonMobil is another significant global participant in the oil and gas industry, and its engine oil products are well known across the world for their excellent quality and cutting-edge, practical solutions.

This is a result of the utilization of cutting-edge technology in the production of their petrochemical products. They are well-known for their high-tech lubricants and are closely associated with racing.

The largest direct successor of John D. Rockefeller’s Standard Oil firm, ExxonMobil is based in Irving, Texas.

ExxonMobil is another significant global participant in the oil and gas industry, and its engine oil products are well known across the world for their excellent quality and cutting-edge, practical solutions.

This is a result of the utilization of cutting-edge technology in the production of their petrochemical products. They are well-known for their high-tech lubricants and are closely associated with racing.

The largest direct successor of John D. Rockefeller’s Standard Oil firm, ExxonMobil is based in Irving, Texas.

4. British Airways

British Airways, which was the top airline by passenger volume up until 2008, is the largest airline located in the UK in terms of fleet size, international flights, and overseas destinations.

The company carried 34.6 million passengers worldwide in the year 2008. Its main base is at London Heathrow airport, although it also has a presence at Gatwick airport. Its head office, called Waterside, is in the village of Harmondsworth, close to London Heathrow airport.

5. Coca-Cola

Coca-cola, a multinational company based in the United States that produces non-alcoholic beverage concentrate and syrups as well as sells them, is best known for its signature Coca-Cola, which was created in Atlanta, Georgia, in 1886 by pharmacist John Stith Pemberton.

Asa Griggs Candler purchased the Coca-Cola formula in 1886 and eventually formed the Coca-Cola company in 1892. Since 1889, Coca-Cola has marketed its product using a franchise distribution structure. In this arrangement, the business produces syrup concentrate, which it then sells to other bottlers who have exclusive markets throughout the world.

The Coca-Cola Company distributes beverages in more than 200 businesses globally, and of the more than 50 billion beverage servings consumed annually, 1.5 billion of them are beverages with the “Coca-cola” brand.

According to statistics from 2010, they sold 1.6 billion beverages each day. The US accounts for around 43% of their gallon sales, followed by Mexico, India, Pakistan, Brazil, Japan, the People’s Republic of China (37% each), and the rest of the world (20%). Also, they have a workforce of about 62,000 workers and a net income of $6.43 billion.

6. Unilever

Unilever, one of the biggest multinational companies in Nigeria with a variety of consumer goods, was established in 1930 as a result of the union of the British soap manufacturer Lever Brothers and the Netherlands margarine manufacturer Margarine Unie.

These include Axe/Lynx, Dove, Omo, Becel/Flora, Heartbrand ice creams, Knorr, Lipton, Lux, Magnum, Rama, Rexona/Degree, Sunsilk, and Surf. The firm presently controls 400 brands.

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7. Procter & Gamble

Procter and Gamble, one of the top international corporations in Nigeria that deals in consumer goods, is known by the well-known anagram P&G.

The company offers a wide variety of cleaning supplies, personal care products, and hygiene brands.

8. GlaxoSmithKline

GSK, a British multinational corporation created in 2000 through the merging of Glaxo Wellcome and SmithKline Beecham, is one of the top pharmaceutical corporations in both the nation and the world.

Top-selling items from the company include Advair, Avodart, Flovent, Augmentin, Lovaza, and Lamictal, in addition to consumer goods like Sensodyne and Aquafresh toothpaste, Horlicks, Abreva for cold sores, Breathe Right nasal strips, Nicoderm and Nicorette nicotine replacements, and Night Nurse, a cold remedy.

In 2013, revenues from these items totalled £52 billion for the business.

9. British American Tobacco

British American Tobacco, also referred to as BAT, is the largest publicly traded tobacco corporation in the world and the leading producer and marketer of tobacco in Nigeria. According to reports, the corporation has been active in the nation for over a century.

Dunhill, Lucky Strike, Kent, and Pall Mall are the four US brands with the most sales in the country. Additionally, it promotes well-known brands like Rothmans and Benson & Hedges.

 10. Accenture

Providing services in strategy, consulting, digital, technology, and operations, Accenture is one of the top management consulting and professional services companies in the world today.

More than 459,000 employees work for the organization, which serves customers in more than 200 locations throughout 120 countries. Now, 95 of the Fortune Global 100 and more than 75 percent of the Fortune Global 500 are among the company’s clients.

11. Cadbury

Mondelez International owns all of the British multinational confectionery company Cadbury—which is the second-largest confectionery company in the world (originally Kraft Foods).

Its headquarters are in Uxbridge, West London, and it has operations in more than 50 countries, including Nigeria.

The company’s product line includes a variety box of Roses, Creme Eggs, and Dairy Milk chocolate, among many more sweets.

12. General Electric

General Electric is an American corporation with its corporate headquarters in Boston, Massachusetts, with operations in several countries, including Nigeria.

The organization works in several industries, including oil and gas, aviation, healthcare, power, digital, additive manufacturing, venture capital, and renewable energy.

 13. Baker Hughes

General Electric owns Baker Hughes, a significant global player in the oil industry.

In terms of drilling, formation evaluation, completion, production, and reservoir consulting, it offers oil and gas firms its services. In addition to Nigeria, it is present in more than 120 other nations.

14. Cisco

One of the top networking businesses in the world, Cisco has operations in numerous nations, including Nigeria.

In addition to developing, manufacturing, and selling networking gear, telecommunications equipment, and other high-tech services and goods, the company also provides networking services.

Its Nigerian headquarters are in Lagos, on Victoria Island, at the Atlantic House.

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15. Oracle

Oracle Corporation (also known as Oracle) is a multinational computer technology company with its headquarters in Redwood Shores, California. It specializes in creating and marketing database software and technology, cloud-engineered systems, and enterprise software products, particularly its brands of database management systems. It also has a location on Victoria Island in Lagos, similar to Cisco.

16. KPMG

Together with Deloitte, Ernst & Young, and Price Waterhouse Cooper, KPMG (Klynveld Peat Marwick Goerdeler) is one of the Big 4 auditors and one of the largest employers in the world, employing over 180,000 people. It primarily focuses on financial audit, tax, and consultancy services.

17. Airtel Nigeria

Bharti Airtel International (Netherlands) B.V., one of the biggest telecom firms in the world, operates as Airtel Nigeria and Airtel Africa in Nigeria and Africa, respectively.

With Nigeria and Ghana as their two most lucrative markets, the African division offers communications services in 15 African nations.

The telecom company reportedly had 78 million subscribers in the continent as of March 2017.

18. Diageo

With its corporate headquarters in London, England, Diageo plc is a multinational British alcoholic company. They are one of the biggest distillers on the planet and the creators of well-known product brands like Smirnoff, Johnnie Walker, Baileys, and Guinness.

They also hold a 37% stake in Mot Hennessy, which is the parent company of the Mot & Chandon, Veuve Clicquot, and Hennessy trademarks. Guinness Plc, a Diageo subsidiary is located in Nigeria, they are present in more than 180 nations.

 19. Schlumberger

According to reports, Schlumberger is the largest oilfield service provider in the world, operating in over 85 countries, including Nigeria, and employing close to 100,000 individuals from over 140 different nationalities.

It is the top supplier of technology to the oil and gas sector for reservoir characterization, drilling, production, and processing. Additionally, it has four main executive offices, located in Paris, Houston, London, and The Hague.

20. Saipem

Saipem is an Italian oil and gas sector contractor and was once a division of the Italian energy corporation Eni. The oil and gas giant was once known as Agip oil in Nigeria.

21. Huawei

Huawei Technologies Company Ltd is a Chinese multinational networking, telecommunications equipment, and services company with its headquarters in Shenzhen, Guangdong. It is rumoured to be the largest telecommunications manufacturer in the world.

The company was initially said to be primarily focused on producing phone switches, but it has since diversified to include the construction of telecommunications networks, the provision of operational and consulting services and equipment to businesses both inside and outside of China, and the production of communications devices for the consumer market.

It has offices in numerous nations across the world, including Nigeria, where Victoria Island is in Lagos.

22. The International Business Machines Corporation (IBM)

With its headquarters in Armonk, New York, the International Business Machines Corporation, or IBM for short, is a global technology business based in the United States. Nigeria is one of the more than 170 nations where the company operates.

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23. Microsoft Nigeria

Microsoft is a major international technology business with a presence in several nations, including Nigeria, and is owned by multibillionaire Bill Gates. Its headquarters are in Redmond, Washington.

The tech company is well-known for developing, producing, licensing, supporting, and selling computer software, consumer devices, personal computers, and services.

The Microsoft Windows operating system, the Microsoft Office package, the Internet Explorer and Edge web browsers, the Xbox video game consoles, and the Microsoft Surface series of touchscreen personal computers are among its other well-known software offerings.

24. Google

Google, one of the biggest technology companies in the world and the company behind the well-known Android operating system and Google search engine, has firmly established itself as a prominent force in technology in the modern world.

It focuses mostly on providing Internet-related services and goods, such as hardware, software, and search engines, as well as cloud computing.

It is present in all of the world’s major nations, including Nigeria, where it has a branch in Lagos.

25. Price Waterhouse Cooper (PWC)

Price Waterhouse Cooper, also known as PWC, is a global professional services network with headquarters in London, United Kingdom. It is one of the “big four” auditing firms.

It is currently the fifth-largest privately owned company in the United States and the second-largest professional services firm in the world. It is a worldwide corporation with operations in 158 countries, including Nigeria, and a presence in many different locations across the world.

26. Halliburton Energy

American multinational company Halliburton is a top supplier of goods and services to the upstream and downstream energy sectors.

It is a global company with a sizable network of subsidiaries, affiliates, branches, brands, and divisions that it uses to offer services for the exploration and production of oil and gas as well as the building of refineries, oil fields, pipelines, and chemical plants.

It is reported to employ about 50,000 workers from more than 70 nations, including Nigeria.

27. Lafarge

LafargeHolcim is the world’s top producer of building materials, specializing in cement, aggregates, and concrete. It was created by the merging of Lafarge and Holcim, two leading cement businesses.

With an estimated 81,000 people, it operates in over 80 countries. It is one of the most well-known building materials manufacturers in Africa, notably in Nigeria and West Africa.

28. MTN

MTN is by far the most well-known brand when it comes to telecommunication services in Africa and Nigeria. MTN is a multinational telecommunications corporation with headquarters in South Africa and operations in over 20 countries in Africa, Asia, and Europe.

The company’s main office is in Johannesburg, South Africa. Although having a significant global presence, MTN Nigeria generates one-third of the company’s income with a projected 35% market share.

29. Nestlé

Nigeria is one of more than 194 countries where Nestlé has operations, making it the largest global food and beverage corporation in the world.

Baby food, medical food, bottled water, breakfast cereals, coffee, tea, confections, dairy goods, ice cream, frozen food, pet foods, and snacks are just a few of the company’s extensive product offerings.

Nespresso, Nescafé, Kit Kat, Smarties, Nesquik, Stouffer’s, Vittel, Maggi, Nan, Nutrend, Cerelac, Golden Morn, Chocomilo, and Pure Life are a few of its well-known product brands.

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30. PZ Cussons

PZ Cussons is a British-owned company that specializes in the production and marketing of consumer goods and personal healthcare products.

It is present in Europe, Asia, and Africa, but is particularly well-established in those regions and Commonwealth countries. The Imperial Leather line of soaps, bath and shower goods, and cosmetics is the top brand in its broad product selection.

Conclusion

Multinationals regard Nigeria as a favourable environment for successful investments, hence there are many of them there.

These businesses not only contribute to the nation’s economy but also give individuals job possibilities and attractive salary packages. We hope that this post was able to educate you on some of the Multinational Companies In Nigeria.

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