Who Owns Whom

Nigeria

Country Code: 566

ISO2 Code: NG

ISO3 Code: NGA

Country Economic Snapshot

2021-07-28

Nigeria is the most populated country in Africa with a population of over 200 million and the largest GDP on the continent of US$448bn. In 2019, the IMF forecast growth of 2.5% in 2020, but GDP declined by 1.8% due to the pandemic, and is expected to grow by 1.5% in 2021 and 2.5% in 2022 based on an expected recovery in crude oil prices and production.

Nigeria is the leading gas producer in West Africa with proved natural gas resources of 193.35 trillion cubic feet (tcf). Nigeria has 99% of total proved resources in West Africa. The combined production capacity of liquefied natural gas (LNG) plants in West Africa in 2018 was 24.4 million tons per annum (Mtpa), of which 21.9Mtpa was in Nigeria. The sector is dominated by international oil companies that include Royal Dutch Shell, Total from France, BP from the UK, and Oryx Energies from Switzerland. Nigeria also contains unexploited deposits of copper, diamonds, ilmenite, lithium, manganese, nickel, phosphate rock, rutile, salt, silver, tungsten and uranium, while barite, clay, coal, columbite-tantalite, gold, gypsum, iron ore, kaolin, lead, limestone, tin, zinc and zircon are produced. The priority minerals listed by the Ministry of Mines and Steel Development for focused development are barite, bitumen, coal, gold, iron ore, lead/zinc and limestone.

Analysts believe that the absence of, or limited, geological data, the lack of geological standards, insufficient infrastructure, policy uncertainty, regulatory conflicts and corruption undermines the country’s ability to exploit these resources.
This hostile investment environment has led to the exit of their Nigerian investments by South African retailers Shoprite and Woolworths, food manufacturer Tiger Brands, logistics group Imperial and construction company WBHO.

Local media Business Day and Punch Nigeria, citing international studies, claim that the middle class has shrunk, partly as a result of emigration. IntelServe, a Canadian consulting firm researching poverty in Nigeria, highlighted a lack of saving and inadequate government expenditure on education and healthcare, as major challenges for upwards mobility in Nigeria. The Economist said the government is unlikely to drive meaningful trade and business policy reforms in the short term.

Nigeria has a relatively low ratio of state debt to GDP of 25%, and stimulus measures outlined in its Economic Sustainability Plan and the Finance Act of 2020 could boost non-oil revenues. Improved revenues can narrow the fiscal deficit to 4.6% and the current account deficit to 2.3% of GDP in 2021 as global economic conditions improve and the re-opening of borders will increase access to inputs, easing pressure on domestic prices and inflation, projected at 11.4% in 2021. Unemployment is estimated at 27% and with poverty levels of 40% and growing inequality remains a major challenge in Nigeria as it does for the world.

Info

Capital Abuja
Currency (Name, Abbreviation, Symbol) Nigerian naira , NGN , ₦
Area 923,768 sq km
Type of Government federal republic
Languages English (official), Hausa, Yoruba, Igbo (Ibo), Fulani, over 500 additional indigenous languages
Natural Resources natural gas, petroleum, tin, iron ore, coal, limestone, niobium, lead, zinc, arable land
Type of Industry crude oil, coal, tin, columbite; rubber products, wood; hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel
Stock Exchange Nigerian Stock Exchange
Stock Exchange Location Lagos / Abuja
Stock Exchange Founded 1960 /1998
Tax Rate: Corporate 30%
Tax Rate: Individual 24%
Natural Resources natural gas, petroleum, tin, iron ore, coal, limestone, niobium, lead, zinc, arable land

Latest available information as sourced from:

African Markets

Trading Economics

Economy Watch

The World Fact Book

KPMG Tax Tables

Company Profile

There is no data available at the moment

Sector Research

CompanyName Stock Exchange Listed Date Ticker Code Country Status
Abbey Mortgage Bank PLC Nigerian Stock Exchange 2008-10-21 ABBEYBDS Nigeria Active
ABC Transport PLC Nigerian Stock Exchange 2006-12-20 ABCTRANS Nigeria Active
Academy Press PLC Nigerian Stock Exchange 1995-06-15 ACADEMY Nigeria Active
Access Bank PLC Nigerian Stock Exchange 1998-11-18 ACCESS Nigeria Active
Africa Prudential PLC Nigerian Stock Exchange 2013-01-11 AFRINSURE Nigeria Active
African Alliance Insurance Company PLC Nigerian Stock Exchange 2009-09-17 AFRINSURE Nigeria Active
Afromedia Plc Nigerian Stock Exchange 2009-05-18 AFROMEDIA Nigeria Active
AIICO Insurance PLC Nigerian Stock Exchange 1990-12-03 AIICO Nigeria Active
Airtel Africa PLC Nigerian Stock Exchange 2019-07-09 AIRTELAFRI Nigeria Active
Aluminium Extrusion Industries PLC Nigerian Stock Exchange 1986-10-04 ALEX Nigeria Active
Arbico PLC Nigerian Stock Exchange ARBICO Nigeria Active
Ardova PLC Nigerian Stock Exchange ARDOVA Nigeria Active
ASO Savings & Loans PLC Nigerian Stock Exchange 2008-04-25 ASOSAVINGS Nigeria Suspended
Austin Laz & Company PLC Nigerian Stock Exchange AUSTINLAZ Nigeria Active
AXA Mansard Insurance PLC Nigerian Stock Exchange 2009-11-19 MANSARD Nigeria Active
Berger Paints Nigeria PLC Nigerian Stock Exchange 1974-12-14 BERGER Nigeria Active
Beta Glass PLC Nigerian Stock Exchange 1986-07-02 BETAGLAS Nigeria Active
BOC Gases Nigeria PLC Nigerian Stock Exchange BOCGAS Nigeria Active
Briclinks Africa PLC Nigerian Stock Exchange 2021-02-05 BAPLC Nigeria Active
C&I Leasing PLC Nigerian Stock Exchange 1997-12-00 CILEASIN Nigeria Active
Cadbury Nigeria PLC Nigerian Stock Exchange CADNIG Nigeria Active
Capital Hotels PLC Nigerian Stock Exchange 2008-08-14 CAPHOTEL Nigeria Active
Capital Oil PLC Nigerian Stock Exchange 1990-05-01 CAPOIL Nigeria Suspended
Caverton Offshore Support Group PLC Nigerian Stock Exchange 2014-05-20 CAVERTON Nigeria Active
Champion Breweries PLC Nigerian Stock Exchange 1983-09-01 CHAMPION Nigeria Active
Chams PLC Nigerian Stock Exchange 2008-09-23 CHAM Nigeria Active
Chellarams PLC Nigerian Stock Exchange 1977-04-01 CHELLARAM Nigeria Active
Chemical and Allied Products PLC Nigerian Stock Exchange CAP Nigeria Active
Conoil PLC Nigerian Stock Exchange NATOIL Nigeria Active
Consolidated Hallmark Insurance PLC Nigerian Stock Exchange HAMS Nigeria Active
Cornerstone Insurance PLC Nigerian Stock Exchange 1997-08-13 CORNER Nigeria Active
Coronation Insurance PLC Nigerian Stock Exchange WAPIC Nigeria Active
Courteville Business Solutions PLC Nigerian Stock Exchange 2009-04-01 COURTVILLE Nigeria Active
Custodian Investment PLC Nigerian Stock Exchange 2007-06-12 CUSTODYINS Nigeria Active
Cutix PLC Nigerian Stock Exchange 1987-12-08 CUTIX Nigeria Active
CWG PLC Nigerian Stock Exchange 2013-11-15 CWG Nigeria Active
Daar Communications PLC Nigerian Stock Exchange 2007-04-27 DAARCOMM Nigeria Active
Dangote Cement PLC Nigerian Stock Exchange 2010-10-26 DANGCEM Nigeria Active
Dangote Sugar Refinery PLC Nigerian Stock Exchange 2007-03-08 DANGSUGAR Nigeria Active
DN Tyre and Rubber PLC Nigerian Stock Exchange DUNLOP Nigeria Active
Ekocorp PLC Nigerian Stock Exchange 1994-03-24 EKOCORP Nigeria Active
Ellah Lakes PLC Nigerian Stock Exchange 1993-01-14 ELLAHLAKES Nigeria Active
Eterna PLC Nigerian Stock Exchange 1998-03-08 ETERNAOI Nigeria Active
eTranzact International PLC Nigerian Stock Exchange 2009-08-07 ETRANZACT Nigeria Active
Eunisell Interlinked PLC Nigerian Stock Exchange INTERLINK Nigeria Active
FBN Holdings PLC Nigerian Stock Exchange 2012-11-26 FBNH Nigeria Active
FCMB Group PLC Nigerian Stock Exchange 2013-06-13 FCMB Nigeria Active
Fidelity Bank PLC Nigerian Stock Exchange FIDEL Nigeria Active
Fidson Healthcare PLC Nigerian Stock Exchange FIDS Nigeria Active
Flour Mills Nigeria PLC Nigerian Stock Exchange 1979-08-14 FMN Nigeria Active
FTN Cocoa Processors PLC Nigerian Stock Exchange 2009-07-24 FTNCOCOA Nigeria Suspended
GlaxoSmithKline Consumer Nigeria PLC Nigerian Stock Exchange 1977-00-00 GLAXOSMITH Nigeria Active
Global Spectrum Energy Services PLC Nigerian Stock Exchange 2017-11-27 GSPECPLC Nigeria Active
Golden Guinea Breweries PLC Nigerian Stock Exchange GOLDBREW Nigeria Suspended
Goldlink Insurance PLC Nigerian Stock Exchange GOLDINSURE Nigeria Suspended
Greif Nigeria PLC Nigerian Stock Exchange VANLEER Nigeria Active
Guaranty Trust Bank PLC Nigerian Stock Exchange 1996-09-09 GTBK Nigeria Suspended
Guinea Insurance PLC Nigerian Stock Exchange GUINEAINS Nigeria Active
Guinness Nigeria PLC Nigerian Stock Exchange 1965-01-02 GUBREW Nigeria Active
Honeywell Flour Mills PLC Nigerian Stock Exchange 2009-10-20 HONYFLOUR Nigeria Active
Ikeja Hotel PLC Nigerian Stock Exchange 1983-00-00 CAPH Nigeria Active
Infinity Trust Mortgage Bank PLC Nigerian Stock Exchange 2013-12-11 INFINITY Nigeria Active
Initiates PLC (The) Nigerian Stock Exchange 2016-10-25 INITSPLC Nigeria Active
International Breweries PLC Nigerian Stock Exchange 1995-04-01 INTBREW Nigeria Active
International Energy Insurance Company PLC Nigerian Stock Exchange 2007-07-13 IEI Nigeria Active
JAIZ Bank PLC Nigerian Stock Exchange 2017-01-09 JAIZBANK Nigeria Active
Japaul Gold & Ventures PLC Nigerian Stock Exchange 2005-08-15 JAPAULOIL Nigeria Active
John Holt PLC Nigerian Stock Exchange 1974-05-17 JOHNHOLT Nigeria Active
Juli PLC Nigerian Stock Exchange 1986-11-07 JULI Nigeria Suspended
Julius Berger Nigeria PLC Nigerian Stock Exchange BERGER Nigeria Active
Lafarge Africa PLC Nigerian Stock Exchange 1979-02-16 WAPCO Nigeria Active
Lasaco Assurance PLC Nigerian Stock Exchange 1991-06-14 LASACO Nigeria Active
Learn Africa PLC Nigerian Stock Exchange 1996-07-23 LEARNAFRCA Nigeria Active
Linkage Assurance PLC Nigerian Stock Exchange 2003-11-18 LINKASSURE Nigeria Active
Livestock Feeds PLC Nigerian Stock Exchange 1978-04-01 LIVESTOCK Nigeria Active
LivingTrust Mortgage Bank PLC Nigerian Stock Exchange 2014-11-04 OMOMORBNK Nigeria Active
May & Baker Nigeria PLC Nigerian Stock Exchange 1994-11-10 MAYBAKER Nigeria Active
McNichols Consolidated PLC Nigerian Stock Exchange 2009-12-18 MCNICHOLS Nigeria Active
Med-View Airline PLC Nigerian Stock Exchange 2017-01-31 MEDVIEWAIR Nigeria Active
Meyer PLC Nigerian Stock Exchange 1979-00-00 DNMEYER Nigeria Active
Morison Industries Plc Nigerian Stock Exchange MORISON Nigeria Active
MRS Oil Nigeria PLC Nigerian Stock Exchange 1978-08-12 MRS Nigeria Active
MTN Nigeria Communications PLC Nigerian Stock Exchange 2019-05-16 MTNN Nigeria Active
Multi-Trex Integrated Foods PLC Nigerian Stock Exchange 2010-11-01 MULTITREX Nigeria Suspended
Multiverse Mining and Exploration PLC Nigerian Stock Exchange 2008-05-28 MULTIVERSE Nigeria Active
Mutual Benefits Assurance PLC Nigerian Stock Exchange 2002-05-28 MBENEFIT Nigeria Active
NASCON Allied Industries PLC Nigerian Stock Exchange 1992-10-20 NASCON Nigeria Active
NCR (Nigeria) PLC Nigerian Stock Exchange 1979-05-30 NCR Nigeria Active
Neimeth International Pharmaceuticals PLC Nigerian Stock Exchange 1979-09-21 NEIMETH Nigeria Active
NEM Insurance PLC Nigerian Stock Exchange 1990-09-05 NEM Nigeria Active
Nestle Nigeria PLC Nigerian Stock Exchange 1979-04-20 NESTNG Nigeria Active
Niger Insurance PLC Nigerian Stock Exchange 1993-09-01 NGINS Nigeria Active
Nigeria Energy Sector Fund PLC Nigerian Stock Exchange 1999-06-18 NESF Nigeria Active
Nigerian Aviation Handling Company PLC Nigerian Stock Exchange 2006-11-27 NAHCO Nigeria Active
Nigerian Breweries PLC Nigerian Stock Exchange 1973-00-00 NB Nigeria Active
Nigerian Enamelware PLC Nigerian Stock Exchange ENAMELWA Nigeria Active
Northern Nigeria Flour Mills PLC Nigerian Stock Exchange 1971-00-00 NNFM Nigeria Active
Notore Chemical Industries PLC Nigerian Stock Exchange 2018-08-02 NOTORE Nigeria Active
NPF Microfinance Bank PLC Nigerian Stock Exchange 2010-12-01 NPFMCRFBK Nigeria Active
Okomu Oil Palm Company PLC Nigerian Stock Exchange 1991-03-11 OKOMUOIL Nigeria Active
Omatek Ventures PLC Nigerian Stock Exchange 2008-06-18 OMATEK Nigeria Suspended
Pharma-Deko PLC Nigerian Stock Exchange PHARMDEKO Nigeria Active
Portland Paint and Products Nigeria PLC Nigerian Stock Exchange 2009-07-09 PORTPAINT Nigeria Active
Premier Paints PLC Nigerian Stock Exchange PREMPAINTS Nigeria Active
Presco PLC Nigerian Stock Exchange PRESCO Nigeria Active
Prestige Assurance PLC Nigerian Stock Exchange 1990-12-03 PRESTIGE Nigeria Active
PZ Cussons Nigeria PLC Nigerian Stock Exchange PZINDU Nigeria Active
R.T. Briscoe (Nigeria) PLC Nigerian Stock Exchange 1974-03-15 RTBRISCOE Nigeria Active
Rak Unity Petroleum Company PLC Nigerian Stock Exchange RAKUNITY Nigeria Active
Red Star Express PLC Nigerian Stock Exchange 2007-11-14 REDSTAREX Nigeria Active
Regency Alliance Insurance Company PLC Nigerian Stock Exchange 2008-05-27 REGALINS Nigeria Active
Resort Savings & Loans PLC Nigerian Stock Exchange 2009-11-23 RESORTSAL Nigeria Active
Royal Exchange PLC Nigerian Stock Exchange 1990-12-03 ROYALEX Nigeria Active
SCOA Nigeria PLC Nigerian Stock Exchange SCOA Nigeria Active
Secure Electronic Technology Plc Nigerian Stock Exchange 2011-12-14 NSLTECH Nigeria Active
Seplat Petroleum Development Company PLC Nigerian Stock Exchange 2014-04-14 SEPLAT Nigeria Active
SFS Real Estate Investment Trust Fund Nigerian Stock Exchange 2008-02-26 SKYESHELT Nigeria Active
SIM Capital Alliance Value Fund Nigerian Stock Exchange 2011-07-27 SIMCAPVAL Nigeria Active
Skyway Aviation Handling Company PLC Nigerian Stock Exchange 2019-04-26 SKYAVN Nigeria Active
Smart Products Nigeria PLC Nigerian Stock Exchange 1978-12-00 SMURFIT Nigeria Active
Sovereign Trust Insurance PLC Nigerian Stock Exchange 2006-11-29 SOVRENINS Nigeria Active
STACO Insurance PLC Nigerian Stock Exchange 2007-06-25 STACO Nigeria Suspended
Stanbic IBTC Holdings PLC Nigerian Stock Exchange IBTC Nigeria Active
Standard Alliance Insurance PLC Nigerian Stock Exchange STDINSURE Nigeria Active
Sterling Bank PLC Nigerian Stock Exchange 1993-08-17 STERLNBANK Nigeria Active
Studio Press Nigeria PLC Nigerian Stock Exchange 1979-09-13 STUDPRESS Nigeria Active
SUNU Assurances Nigeria PLC Nigerian Stock Exchange 2007-07-18 EQUITYASUR Nigeria Active
Tantalizers PLC Nigerian Stock Exchange 2008-06-23 TANTALIZER Nigeria Active
Thomas Wyatt Nigeria PLC Nigerian Stock Exchange THOMASWY Nigeria Active
Total Nigeria PLC Nigerian Stock Exchange TOTAL Nigeria Active
Tourist Company of Nigeria PLC (The) Nigerian Stock Exchange 1994-04-20 TNCN Nigeria Active
Trans-Nationwide Express PLC Nigerian Stock Exchange 1993-09-14 TRANEX Nigeria Active
Transcorp Hotels PLC Nigerian Stock Exchange 2015-01-15 TRANSCOHOT Nigeria Active
Transnational Corporation of Nigeria PLC Nigerian Stock Exchange 2006-12-00 TRANSCORP Nigeria Active
Tripple Gee & Company PLC Nigerian Stock Exchange 2013-04-02 TRIPPLEG Nigeria Active
UAC of Nigeria PLC Nigerian Stock Exchange UACN Nigeria Active
UACN Property Development Company PLC Nigerian Stock Exchange 1997-10-06 UPDC Nigeria Active
Unilever Nigeria PLC Nigerian Stock Exchange UNILEV Nigeria Active
Union Bank of Nigeria PLC Nigerian Stock Exchange UBN Nigeria Active
Union Diagnostics & Clinical Services PLC Nigerian Stock Exchange 2008-09-11 UNIONDAC Nigeria Active
Union Dicon Salt PLC Nigerian Stock Exchange 1993-09-23 UNIONDICON Nigeria Active
Union Homes Real Estate Investment Trust PLC Nigerian Stock Exchange 2010-07-02 UHOMREIT Nigeria Active
Union Homes Savings and Loans PLC Nigerian Stock Exchange UNHOMES Nigeria Active
United Bank for Africa PLC Nigerian Stock Exchange 1970-00-00 UBA Nigeria Active
United Capital PLC Nigerian Stock Exchange 2013-01-11 UCAP Nigeria Active
Unity Bank PLC Nigerian Stock Exchange 2005-12-22 UNITYBNK Nigeria Active
Universal Insurance PLC Nigerian Stock Exchange 2008-02-11 UNIVINSURE Nigeria Active
University Press PLC Nigerian Stock Exchange 1978-08-14 UPPLC Nigeria Active
Veritas Kapital Assurance PLC Nigerian Stock Exchange 2009-12-17 UNITYKAP Nigeria Active
Vitafoam Nigeria PLC Nigerian Stock Exchange VITAFOAM Nigeria Active
Wema Bank PLC Nigerian Stock Exchange 1991-02-00 WEMABANK Nigeria Active
Zenith Bank PLC Nigerian Stock Exchange 2004-10-21 ZEN Nigeria Active

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