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.
Founded over 70 years ago, United Bank for Africa (UBA) is a prominent financial institution based in Lagos, Nigeria.
- Recognized as one of Sub-Saharan Africa’s most influential banks, UBA operates across 20 African countries, the United Kingdom, the United States, the UAE, and has a representative office in France.
- With a market capitalization of N1.2 trillion, UBA has established a solid presence on the global stage, notably being the only Sub-Saharan African bank with a deposit-taking license in the U.S..
- UBA serves over 45 million customers through 1,000 business offices, 2,669 ATMs, and 87,000 PoS terminals.
The bank offers a comprehensive range of services, including corporate, commercial, SME, consumer, and personal banking, along with pension custody services. In 2022, UBA expanded further by opening operations in Dubai, reinforcing its commitment to becoming a truly global financial player.
Under the leadership of Tony Elumelu who serves as chairman of the company and Oliver Anwuba as CEO, UBA continues to drive financial innovation, maintaining decades of consistent growth and offering a wide array of services that cater to diverse customer needs across its expansive footprint.
