As one of the largest economies in Africa, Nigeria has given rise to numerous multinational companies that have expanded their footprint across the continent.
These Nigerian giants have not only contributed significantly to the country’s economy but have also positioned themselves as key players in Africa’s business landscape.
From oil and gas to telecommunications and banking, Nigerian firms are making their mark, influencing markets, creating jobs, and contributing to economic development in various African countries.
In this article, we take a closer look at some of the Nigerian multinational companies with the most substantial presence across Africa. These companies have built strong brands, established extensive networks, and adapted to diverse markets, further establishing Nigeria’s role as a business hub in Africa.
Here’s a glimpse into the Nigerian multinationals leading the charge in the African business world.
Sahara Group is a global energy and infrastructure powerhouse. Founded in 1996 by Tonye Patrick Cole and Temitope Shonubi, the company operates across 42 countries in Africa, Europe, the Middle East, and Asia.
- Its power subsidiary, SPG, is the largest privately owned, vertically integrated power company in Sub-Saharan Africa. With an ambitious target of 5,000MW generation capacity by 2026, SPG is redefining the region’s energy landscape.
- SPG’s assets include Egbin Power Plc.., the largest thermal power plant in Sub-Saharan Africa (excluding South Africa), alongside Afam, Eleme, Trans Amadi, and Omoku plants.
- The company made bold moves in Nigeria’s power sector, acquiring majority stakes in Egbin Power Plc.. and Ikeja Electric Plc., two key assets from the privatized Power Holding Company of Nigeria (PHCN). It also holds a 70% stake in First Independent Power Limited (FIPL), strengthening its dominance in energy distribution.
With $17.5 billion in consolidated revenue and a workforce of over 5,300, Sahara Group continues to shape Africa’s energy future through innovation, investment, and strategic expansion.
