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How to Easily Buy MTN Shares On the Nigerian Stock Exchange

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Buy MTN Shares on NSE

How to Buy MTN Shares On the Nigerian Stock Exchange

 

Good news as Nigeria’s largest GSM Company, MTN Nigeria, will be listed on the Nigerian Stock Exchange on Thursday 16th of May 2019 and will be listing 20.3 billion shares on the Nigerian Stock Exchange at N90/share.

It’s been a long wait over the years for this to happen on the Nigerian Stock Exchange and we believe it’s exciting news for traders.

What does Listing MTN on the Nigerian Stock Exchange mean? 

It means that MTN shares can now be traded everyday by buyers and sellers.

Until, now this was not possible as its shares were privately held by MTN investors. Buying and selling MTN shares was only available in South Africa and Ghana which IPO went live last year.

Realted: Top 9 investment opportunities of 2019.

Who can Buy And Sell MTN Shares?

The MTN shares on NSE can only be bought or sold by retail and institutional investors who have a CSCS account and have an account from any registered stockbroker with NSE. You possibly cannot buy the MTN shares if you do not have a stock brokerage account from a stockbroker registered and certified in Nigeria. Kindly find a registered stockbroker by following this link for the list of the top 10 on NSE website.

How to Easily Buy MTN Shares On the Nigerian Stock Exchange

Kindly follow the steps below, if you are interested in buying MTS share 2019 From NSE.

  1. Open an account with a stockbroker. Kindly check the link above for the list of stockbrokers on Nigerian stock exchange. A stockbroker is licensed to buy and sell shares and other instruments.

Requirements to open a stockbroking account are essentially the same as what you would need to open a regular bank account.

  1. Fund your account Once you’ve opened an account with a stockbroker, you need to fund it. MTN is likely to be listed at N90 per share. (As shared by Tosin Olaseinde on Twitter)
  2. The last step is to place an order. Some of these brokers have online platforms, so if you’re tech savvy you can do the buying and selling yourself. if you are not, you can send an email to your stockbroker, instructing them to do so. You don’t have to wait till Thursday.

Quick Guide to Using Online Broker to Buy MTN Shares

  • Deposit money into your stock brokerage account after you have created your account… this is only if you’re just getting started with trading stocks.
  • Instruct your stockbroker to buy for you at your determined price if you’re not a techy savvy.
  • You can also buy yourself if you operate an online trading account with the same stock brokerage account.
  • If you go through the online portal, you place your bid and hope that an offer is available for you at the right price and you have a deal.
  • You get an email from your stockbroker confirming that you now own shares in MT.

That all, same things happened when you want to sell.

Related: Investment opportunities in the Oil and Gas

What is the minimum MTN Share units one can buy on NSE?

It depends on your stockbroker Some have a minimum of;

N5,000,

N10,000,

N50,000, etc That determines the minimum you can open an account with and start trading.

Conclusion

As a matter of fact, we believe MTN shares are going to be really scarce for the moment as most of the shares are privately held by investors. Majority will agree to sell when they need cash and if the price is right. Since MTN has revealed its plans to have an IPO (Initial Public Offering) “soon” which will create new shares. This might be when a lot of Nigerian traders will get the opportunity to buy the MTN Share on NSE. And definitely, price must have gone up above N90 by then.

Let us know your thoughts in the comment section.

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Top 20 Insurance Companies In Nigeria

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Insurance Companies In Nigeria

The famous saying teaches that if you fail to plan, then you plan to fail. But, even a properly thought out plan sometimes faces challenges by unplanned circumstances that could cause you to lose all your lifelong investments.

Whether you say, “God forbid, Is not my portion” or, “Lai-lai, e no fit happen to me” that doesn’t change the reality which is that terrible things still occur even though we don’t intend them to happen.

For this purpose, future-forward entrepreneurs register insurance companies to safeguard their properties against accidental losses or destruction.

Insurance Companies In Nigeria

Insurance Companies In Nigeria

Insurance is simply protecting yourself, your businesses and your properties form loss. Thankfully, there are several insurance companies that can help you do that. See some of them below.

  1. Royal Exchange Plc

Royal Exchange Plc began operations in Nigeria in 1918, being represented by Barclays Bank DCO. However, in 1921, Royal Exchange converted to a branch of its parent company, Royal Exchange Assurance, London.

Their services include Royal fire protection, Royal money guard, Royal burglary protection, Royal Transit Plan, and much more.

Address: New Africa House, 31 Marina, Lagos.

Website: www.royalexchangeplc.com

Tel: +234-1-4606690-9

  1. Anchor Insurance Plc

Established in November 1989. They provide non-life insurance services. Presently, they have 19 branch offices across the country.

Registered Office: 7/13, Aka Road, Uyo, Akwa Ibom State

Website: www.anchorinsuranceng.com

Tel: 08067107569

  1. Standard Alliance Insurance Company Limited

Company Limited, in 1981. They were certified by the NAICOM to provide both general and special risk insurance services. They also provide aviation, bonds, goods in transit as well as machinery breakdown insurance services.

Address: Plot 1, block 94, Providence Street, Lekki Scheme 1, Lekki-Epe Expressway, Lagos.

Tel: 09055694301, 0700-6678-72623

Website: sainsuranceng.com

  1. AIICO Insurance Plc

AIICO Insurance Plc was founded in the year 1963 as a stipend and property management group. In addition to its services, the company also concentrates on general and special risks, life assurance, annuity, and health insurance. AIICO is a well-recognized insurance company and is currently the second largest in Nigeria.

Phone no: 0700 2442 6682 28

Website: www.aiicoplc.com

Address: Plot PC 12, Churchgate Street, Victoria Island, Lagos.

  1. Custodian And Allied Insurance Limited

Custodian and Allied Insurance Limited is a brand under the Custodian Investment Plc. They offer general and life insurance services.

Address: 16A, Commercial Avenue, Sabo, Yaba, Lagos.

Contact: (+234) 12774000-9

Website: www.custodianplc.com.ng

  1. Leadway Assurance Company Limited

Leadway Assurance Company Limited is one of the promising insurance companies in Nigeria presently. They are recognized for providing immediate claims settlement and inventive services to their customers. They provide services for personal, SME, and corporate businesses

Tel: 01-2700 700

Address: 121/123 Funso Williams Avenue, Iponri, Surulere, Lagos

Website: www.leadway.com

  1. Industrial And General Insurance (lGI) Plc

IGI was founded in January 1992 as a hybrid insurer providing life and general insurance services, as well as pensions and special risks. IGI emerged as the first private insurance company to post N1 billion premium income, in Nigeria, after four years of operation. They utilize the latest technology in their operations. You could get quotations and also make payments directly from their websites.

Address: 2, Agoro Odiyan Street, Off Adeola Odeku, Victoria Island, Lagos.

Website: www.iginigeria.com

Phone: (01) 2918853, (01) 2918827, (01) 2918854.

  1. Great Nigeria Insurance Plc

Sterling Assurance Plc was established in 1990 and they provide all kinds of general coverage. They offer fire and special perils, money, burglary and house, motor, insurance services and much more. Their services are supported by highly rated reinsurance organizations such as; General Insurance  Corporation of India (GIC), Africa Re, Continental Re, and so on.

Address: 284, Ikorodu Road, Anthony, Lagos, Nigeria

Tel: 08150643531-2, 08178000222, 08178000333, 08178000444

Website: www.sterlingassure.com

  1. Guinea Insurance Plc

Guinea Insurance Plc was launched in 3rd December, 1958. Thy offer general accident, engineering and special risk services and are very sought after in Nigeria.

Address: 33, Ikorodu Road, Jibowu, Lagos.

Tel: 01-4622050-2, 018446470, 07098212408

Website:  www.guineainsurance.com

  1. Consolidated Hallmark

This is one of the top ten general business and special risk companies in Nigeria . It’s the second company to review a Quality Management System Certificate (ISO 9001:2015). This company thrives on a reputation of integrity and excellence. They provide exceptional management solutions to their customers.

Address: 266, Ikorodu Road, Obanikoro, Lagos

Website: www.chiplc.com

Contact: 0700-2446-7887-2623, +234 1 2912 532, +234  1 2912543.

  1. Gold Link Plc

Lasaco Assurance Plc was established on 20th December, 1979 and was licensed on 7th July, 1980. They provide both life and non-life insurance services.

Address: Plot 16, Acme Road, Ogba, Ikeja, Lagos, Nigeria. P.O. Box 3724

Website: www.lasacoassurance.com

Tel: 07000527226

  1. FBN Insurance Ltd

FBN Insurance Ltd is co-owned byFBN Holdings Plc and Sanlam Grouo. They offer both individual and corporate coverage services.

Head Office: 298, Ikorodu Road, Anthony b/stop, Lagos, Nigeria.

Tel: +234 1 9054810

Website: www.fbngeneralinsurance.com

  1. Wapic Insurance Plc

Wapic Insurance Plc. provides several insurance services including fire and special peril insurance service. They also provide general and life insurance policies for both individuals and corporate clients at competitive rates.

Address: 119 Awolowo Road, Ikoyi, Lagos, Nigeria.

Tel: 012774500, 0700342592742

Website: www.wapic.com

  1. Law Union And Rock

Law Union and Rock take pride in their experienced underwriters and automated processes. They are distinguished from other companies by their allies with reinsurers who give them the assurance they need to underwrite risks.

Address: Law Union House, 14, Hughes Avenue, Yaba, 1000001, Lagos, Nigeria

Tel:  09036000066

Website: www.lawunioninsurance.com

  1. Niger Insurance Plc

Niger insurance PLC is a Nigerian insurance company involved in various forms of insurance services. The company provides life as well as non-life insurance coverage to its customers. The products they offer are also flexible to meet the diverse demands of their customers.

Address: 48/50, Odunlami Street, Lagos Island.

Tel: 08133244981, 08136053520

Website: www.nigerinsurance.com

  1. NEM Insurance

NEM Insurance Plc was launched in the year 1948 through the Edward Turner & Co agency. They provide services to  corporate, personal, and SME bodies.

Address: 199, Ikorodu Road, Obanikoro, Lagos. P.O Box 654, Lagos

Tel: +234 14489560-7

Website: nem-insurance.com

  1. Mutual Benefits Assurance Plc

Mutual Benefits Assurance Plc was founded on 18th April, 1995 as a Private Limited Liability company but began their processes on 2nd October 1995. They provide life and general insurance services.

Address: Aret Adams House, 233, Ikorodu Road, Ilupeju-Lagos. P.O. Box 70986, Victoria Island, Lagos.

Tel: 09054644444, 09054744444

Website: www.mbaplc.com

  1. Staco Insurance Plc

Staco Insurance Plc was founded on 10th October 1991 but was certified on 1st October 1994. They offer general and special risk insurance services. They are known for their integrity and hard work

Address: 209, Herbert Macaulay Way, Yaba, Lagos.

Tel: +234 806 410 3680, +234 816 0654035

Website: stacoplc.com

  1. Nicon Insurance

NICON Insurance was originally a owned by the Federal Government of Nigeria. It’s main aim was to aid the development of insurance companies in Nigeria as well as protect the assets of the Federal Government. In December, 2005, NICON was privatized and they currently have 6 regional offices and 40 branches across the nation.

Address: Ground Floor, NICON Plaza, plot 242, Muhammadu Buhari way, central district, Abuja

Tel: 09087260168, 08055084597

Website: www.niconinsurance.com.ng

  1. Lasaco Assurance Plc

Lasaco Assurance Plc was established on 20th December, 1979 and was licensed on 7th July, 1980. They provide both life and non-life insurance services.

Address: Plot 16, Acme Road, Ogba, Ikeja, Lagos, Nigeria. P.O. Box 3724

Tel: 07000527226

Website: www.lasacoassurance.com

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Top 20 Construction Companies in Nigeria

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list of Construction Companies in Nigeria.

There are a lot of magnificent infrastructural developments across the states of Nigeria, all thanks to the services of various construction companies in the country. When it comes to the improvement in infrastructures, Nigeria keeps developing every year and we have been able to achieve this together as a country largely due to the efforts of the numerous construction companies in the country.

It is these companies that have handled the numerous constructions and continuous improvements of roads, railroads and airports in the country. These companies also help in the construction of bridges, offshore and onshore constructions, housing projects, prolific buildings and lots more.

In this article, I explore the construction industry in Nigeria and list some of the top 10 construction companies that have greatly contributed to the advancement of the Nigeria infrastructural development project.

There are several other firms with excellent contributions, too numerous to mention. Be that as it may, I shall attempt to list, explain, and show some of the projects carried out by what I consider the top 20 Construction Companies in Nigeria.

list of Construction Companies in Nigeria.

Machines on duty at a Construction Site in Nigeria.

Below are the top 20 Construction Companies in Nigeria. I shall attempt an explanation of 10 of them.

  1. Julius Berger Nigeria
  2. Arab Contractors (AC) Nigeria Limited
  3. China Civil Engineering Construction Company (CCECC) Nigeria
  4. Saidi Company Ltd
  5. Setraco Nigeria Limited
  6. Reynolds Construction Company (RCC) Nigeria Limited
  7. Adold Engineering Company Limited
  8. Dantata and Sawoe Construction Company Limited
  9. EL-ALAN Construction Company
  10. Brunelli Construction Company (Nigeria) Limited
  11. Costain West Africa
  12. Monier Construction Company (Nigeria) Limited
  13. C & C Construction
  14. Afrique Construction
  15. Evomec Global Services Limited
  16. NetConstruct
  17. Monier Construction Company (Nigeria) Limited
  18. G Cappa PLC
  19. Apave Nigeria
  20. D-LUX Construction Services LTD

1.) Arab Contractors O.A.O Nigeria Limited

In 1991, Arab Contractors Nigeria limited arrived Nigeria and commenced operations shortly after. It is one of the leading construction companies not only in Nigeria but in Africa and the Middle East as a whole.

Some of the Major Projects undertaken by the company include the following:

  1. Building of AHIAJOKU Convention Center, Imo State.
  2. Building of Embassy of Egypt, Abuja
  3. Construction of New Secretariat Building for Enugu State Government, Enugu.
  4. Reconstruction Of OWERRI-ELELE Road, Imo State, and,
  5. Rehabilitation of City Hall, Lagos State.

2.) Julius Berger Nigeria

Julius Berger Nigeria was founded in 1950 by a man named Julius Berger and is one of the top dogs in the Nigerian Construction Industry since 1965.

The company came to Nigeria in 1965 and was awarded the contract for the construction of the third mainland bridge and subsequently the Eko bridge in Lagos under the approval and supervision of the then Minister of Works, Shehu Shagari. Since then, the company has handled thousands of construction projects in the country with little or no problems.

The Nigerian Stock Exchange listed the company as “Julius Berger” in the year 1991 and 10 years later the company moved to its new headquarters in Abuja. Today, Julius Berger has presence in virtually all the states in Nigeria.

Major Projects Handled:

  1. Abuja International Airport phase II, completed in 1997.
  2. Abuja Stadium completed in 2003.
  3. Ajaokuta Steel Plant, completed in 1990.
  4. Awarded a contract to construct link roads to second Niger Bridge, July 4 2018.
  5. Central Bank of Nigeria Head Office, completed in 2002.
  6. Itakpe – Ajaokuta Ore Railway, completed in 1990.
  7. Lagos Inner Ring Road, completed in 1979.
  8. National Assembly phase III, completed in 2011.
  9. The company built the Eko Bridge completed in 1968.
  10. Third Mainland Bridge completed in 1990.

3.) Reynolds Construction Company (RCC) Nigeria Limited

With headquarters in Switzerland, Reynolds Construction Company (RCC) Nigeria limited is one of the standard Construction Companies in Nigeria. The company is an offshoot of SBI Holdings AG (SBI), a transitional and development group, with subsidiaries all over the world.

SBI’s first came to Nigeria in 1956 when they inaugurated the Nigersol Construction Company Limited. Although present in several countries of the world, more of SBI Holdings AG (SBI)’s presence can be felt in in Africa, Europe and Central America.

Major Projects handled by this company include:

  1. CBN Prototype State Branch Building, Awka, Anambra State.
  2. CBN Prototype State Branch Building, Osogbo, Osun State.
  3. Construction of Amawbia-Nibo- Agulu Road, Anambra State.
  4. Construction of Nung Udoe-Ikot Okwot-Ikot Ubo-Ekpene Road and Drains, Akwa Ibom State.
  5. South African Embassy Abuja: Construction of a New Chancery and Official Residence, Abuja.

4.) Setraco Nigeria Limited

Established in 1977, Setraco’s flagship projects were the construction of township and district roads in the mid-western region, in the now defunct Bendel state.

With focus on construction of roads and bridges, Setraco has witnessed rapid growth over the last 30 years and has become one of the biggest construction companies in Nigeria.

Setraco is present in about 20 states in Nigeria and plays an important role in Nigeria’s guest for infrastructural development

Major Projects Handled:

  1. Construction of Amassoma – Toru – Ebeni Bridge and Access Road, Bayelsa State.
  2. Construction of Anambra River Bridge, Anambra State.
  3. Construction of Fly-Over Bridge at Mogadishu Cantonment/Sunrise Hills Estate, Abuja.
  4. Dualization of Airport Road, Benin City, Edo State.
  5. Reconstruction of Jattu – Afowa – Itora – Akpana – Ayogwiri road, Edo State.

5.) China Civil Engineering Construction Company (CCECC) Nigeria Ltd

The CCECC Nigeria Limited is a subsidiary of China Civil Engineering Corporation. It was established in 1979 in China by the authorization of the State Council of the People’s Republic of China. This construction company provides construction and engineering services in Nigeria. The CCECC have established over 20 subsidiaries in more than 40 countries and regions.

Major Projects Handled:

  1. Abuja-Kaduna railway, Nigeria.
  2. In 2014, CCECC is building a double track standard gauge railway from Lagos to Kano , in Nigeria.
  3. Lagos-Calabar rail and Port Harcourt-Maiduguri rail, Nigeria.
  4. Nigerian railway modernization project Lagos – Ibadan section (Double track)

6.) Dantata and Sawoe Construction Company Limited

If you are looking for one of the leading construction companies in Nigeria specialized in the construction of roads, bridges, and flyovers, then you are looking for Dantata & Sawoe Construction Company (Nig.) Ltd D&S (D&S) is. This company is awesome and their jobs speak volumes of their expertise. Sawoe Construction Company (Nig.) Ltd D&S (D&S) is the company responsible for the building of several kilometers of Highways, bridges, flyovers, and township roads throughout Nigeria.

D&S is a household name in Nigeria as a construction company. Over the years, the company has built a reputation and gone into successful partnerships with the Nigerian Government, developers and investors, and the Private sector.

Major Projects Handled:

  1. Airstrip at Dangote Cement Factory Obajana near Lokoja, Kogi State.
  2. AYA Flyover, Abuja.
  3. Benue State Government House, Makurdi, Benue State.
  4. Edo State House Liason Office, Abuja.
  5. Expansion of ‘Onex’ Outer Northern Expressway, Abuja.
  6. Mallam Aminu Kano Square, 3 Pavillons, Floodlights and Access Roads, Dutse, Jigawa State.

7.) Saidi Nigeria Limited

Saidi Nigeria Limited was founded in 1997 and provides basically state of the art Building and Civil Engineering services. It is an innovative company which aim is to meet Nigeria’s growing demand for modernized society though industrialization and construction.

Saidi Nigeria Limited is expert at building constructions and renovations. They also undertake the construction of roads and dams. Besides these, the company hands irrigation, dredging, reservoirs, boreholes, erosion control projects and lots more.

Major Projects Handled:

  1. Commissioning of Pilot Lounge, Abuja Int’l Airport, Abuja.
  2. Completion of 500m3 Ground Reservoirs at Potiskum, Yobe State.
  3. Construction of Science Faculty, Fed. Uni. Kashere, Gombe.
  4. Construction of Senior Airforce Staff Quarters, Gwarimpa, Abuja.
  5. Federal Ministry of Defence Project, Alamala Barracks, Ogun State.

8.) Costain West Africa

Founded in 1948, Costain West Africa provides Building and Civil Engineering services. The Nigeria-based company majorly handles the development and deployment of business solutions and technologies in the Nigerian and West Africa sub-region. It may interest you to know that Costain West Africa was the first building and Civil Engineering Company to enlist in the stock exchange.

The company’s business portfolio comprises five arms one of which is the civil engineering arm. This segment/arm of the company handles building of infrastructures like bridges, railways, roads, airports, and dams.

Major Projects

  1. Ahmadu Bello Stadium, Kaduna, Kaduna State.
  2. Apapa factory of Flour Mills of Nigeria, Lagos State.
  3. Bata Shoe factory, Abuja
  4. Central Bank, Enugu, Enugu State.

9.) C & C Construction

C&C construction Co. Limited is the first construction arm of the Chaugory Group of Companies. It was established in the late 1970s. The initial interest of the Company was to expand the Chagoury group of companies by creating the necessary infrastructure to make that happen.

They have risen to the top of the construction ladder in Nigeria and Africa by rendering high quality services to all their clients for over 25 years.

The company is known for delivery of quality jobs on time and their service ranges from the construction of single unit projects for individuals corporate to the construction of multinational headquarter buildings.

Major Projects

  1. Construction of 82 Division Army Headquarters Complex, Enugu, Enugu State.
  2. Federal Secretariat Complex, Abuja.
  3. Flour Mill, Including Silos; Ideal Flour Mill, Kaduna, Kaduna State.
  4. Osborne Road Infrastructural Development, Lagos State.
  5. Water Bottling Factory, Ragolis Waters, Ikorodu, Lagos State.

10.) Adold Engineering Company Limited

Established in 1976, Adold Engineering Company Limited functions as Engineering Company as well as a Construction Company. They are majorly affiliated with jobs under the auspices of the Federal Ministry of Petroleum (DPR), Power Holding Company of Nigeria (PHCN) and other corporate bodies in the country

The core specialty of Adold Engineering Company Limited is the provision of full-range engineering and management services the construction industry. This is to say that they handle the design, development and deployment of Engineering and Management solutions for Construction companies.  Their services diversify from advancement studies and planning, detailed engineering and design, to construction and maintenance.

Major Projects Handled:

  1. Development of High Rise Residential Building at Parkview Estate, Lagos State.
  2. Construction of Modular Kitchen at Murtala Mohammed International Airport for Servair, Lagos State.
  3. Asphalting of 21KM Afamumosi – Obeakpumain Access Road Afam, Port Harcourt, Rivers State.
  4. Dualization of Oyo – Ibadan – Iseyin Junction to Iseyin – Ipako Junction, Oyo State.
  5. Rehabilitation of Well 13, 19, 22 & 23 Access Road & Kolo Creek Flow Station, Bayelsa State.

Wrapping Up…

This is just a teaser in my exploration of construction companies. Indeed, this list is not exhaustive as there are over 100 Construction Companies with thousands of ongoing and completed projects allover Nigeria.

So, I leave you with this one question, “As you look around the state that you live in presently, which of the construction companies listed in this article is currently undertaking a job? And, what is the project they are handling currently?

Let me know in the comments box below. It will help me to update this article and keep it current.

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Top 50 Oil and Gas Companies in Nigeria

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Are you curious as to which oil and gas companies make the top 24 list in Nigeria? I might be the only one feeling this way, but I think that everybody aims to find their spot in the Nigerian oil and gas industry.

Have you thought of where you’d like to work after graduation? Did the oil and gas sector just flash through your mind? If it did, I totally agree with you! This sector is one of the highest paying sectors, if not the highest.

I know you can imagine yourself getting a well-paying job freshly out of school if you are reading this as a student. If you are done schooling, you may consider working in an oil company in Nigeria because of the lucrative compensation packages.

Dear reader, money is an important part of life. A lot of it even, even better. Wealthier people are known, regarded and respected even in our religious institutions.

Oil and Gas companies in Nigeria.

Oil and Gas companies in Nigeria

Oil and gas companies in Nigeria contribute greatly to federal government revenue because it’s Nigeria’s largest export.  Let me now review the top 50 Oil and Gas companies in Nigeria.

The Top 50 Oil and Gas Companies in Nigeria  

It is my hope that you find the following list of the top 24 oil and gas companies in Nigeria useful.

  1. Shell

Shell has for many years led Nigeria’s oil and gas sector. This company was the first to discover a commercial oil field in Oloibiri, Delta State.

Shell is owned by the Royal Dutch Shell, and is responsible for over 21% of the total petroleum produced in Nigeria. That is approximately 629,000 barrels daily sourced from over   80 fields.

  1. Chevron

With its over five decades of operation in Nigeria, Chevron is in tough competition for the place of the most popular oil and gas company in Nigeria.

It produces hundreds of thousands of barrels of crude oil and several millions of cubic feet of natural gas every day.

Chevron deals in about every phase of oil and gas, including natural gas, exploration and production of hydrocarbon, geothermal energy industries, manufacturing and sales of chemicals, refining, transportation and marketing of end products.

  1. Total Nigeria Plc.

Total is an international energy company actively functioning in over 130 countries. It has for more than 50 years, provided oil and gas services in Nigeria, and is one of the leading companies in this sector.

  1. Exxon Mobil Oil

Exxon Mobil, with a net worth of over $400 billion, is another big player in this industry. This company is involved in the exploration and production of crude oil and natural gas.

Exxon Mobil isn’t just concerned with oil and gas. It has spread its tentacles to various other business ventures, such as deep water production, and so on.

  1. Addax Petroleum

Addax Petroleum came into being in Nigeria in 1998, by the signing of two Production Sharing Contracts (PSCs) with the Nigerian National Petroleum Corporation (NNPC). It currently runs with more than 100 oil wells in Nigeria.

  1. Nigerian National Petroleum Corporation (NNPC)

The Nigerian National Petroleum Corporation (NNPC) was the result of the merger of the Nigerian Petroleum Corporation and the Nigerian Federal Ministry of Mines and Steel on the 1st of April, 1977.

NNPC is a state-owned corporation saddled with the responsibility of managing the country’s oil and gas resources, and presently runs many depots across Nigeria.

The company has refineries in Kaduna, Warri, and many others.

  1. Nigeria Liquefied Natural Gas Limited (NLNG)

Nigeria Liquefied Natural Gas Limited, a world-class oil and gas company, was formed in 1989. It has since then helped in shaping Nigeria’s oil and gas sector.

The company deals majorly in natural gas and geothermal energy.

  1. Equinor Oil and Gas Nigeria

Formerly known as Statoil, Equinor has been operating in Nigeria since 19(what?) and has attained great feats since then.

Equinor is known for its role in the exploration of Agbani Oilfield in the Niger Delta region.

  1. Petrobas

Petrobas is a Brazil state-owned oil and gas company that has made its name in the Nigerian oil and gas sector. Despite its popularity in Brazil, Petrobas decided to venture into the African market and make a name for it. The company focuses on oil, gas and alternative energy resources.

  1. Nexen Inc.

Nexen Energy ULC is an independent subsidiary of CNOOC Ltd. Nexen Inc. is one of several Chinese companies under CNOOC Ltd. that has come to become notable businesses in the oil and gas sector.

Its major assets in Africa are offshore projects that started in 2012 in Nigeria, and deep water explorations.

  1. Hardy Oil and Gas Nigeria Plc

This is one company that is interested in breaking into the Nigerian market. Its financial interest is presently in onshore assets in Ataka and Oza.

Together with Bayelsa Oil Company Limited and Millenium Oil and Gas Company, it is one of the best oil fields explorers.

Hardy Oil and Gas Nigeria has a 20% interest in Atala and Oza, and a net worth of over £67 million.

  1. Conoil Nigeria

Conoil Plc, another big player in the industry, is a petroleum products marketer, producer and marketer of lubricants, household and liquified petroleum gas for home and industrial use.

The company, formally known as National Oil and Chemical Marketing Plc, was incorporated as a private limited liability company in 1960. It became a public company in 1989.

Conoil is the first bulk marketer of petroleum products in Nigeria.

  1. Eni (Saipem)

Eni Saipem is another big name in the Nigerian oil and gas sector. It deals mainly in gas and global oil.

This oil and gas company is operational in 71 countries across the globe, and has a 33,000 manpower base.

  1. Oando Plc.

Oando is named Africa’s largest independently-owned oil trading compay, dealing in a wide range of refined petroleum and crude oil products.

This company was born in 1956 when ESSO (what does it stand for?) started operating as a petroleum marketing company in Nigeria.

Wale Tinubu, the nephew of Bola Tinubu is the Chief Executive Officer (CEO) of Oando.

  1. Sahara Energy

Sahara Energy Resource Ltd. is another big player in the industry. It is located in Victoria Island, Lagos, and is well-known for its role in oil production, marketing and trading.

Sahara Energy is very active in the downstream, midstream, upstream, infrastructure and power sectors.

  1. Nestoil

In 1991, Nestoil started as the oil and gas arm of Obijackson Group. At that time, participation of local companies in the oil and gas sector was minimal.

Nestoil has beaten expectations by completing and delivering top-notch services on time. This successful company now boasts of more than 1,500 employees.

  1. Seplat Petroleum

Seplat came into being in June 2009, through the collaboration of Platform Petroleum Joint Ventures Limited and Sheba Petroleum Development Company Limited.

Their primary focus is to pursue opportunities in the upstream oil and gas sector, and divestment opportunities arising from major IOC’s portfolios.

  1. Halliburton

Halliburn came to Nigeria in 1959 and the company specializes in mostly oil field services. This company is doubtless one of the largest providers of oilfield services in the country presently

  1. Intels

Intels Nigeria Limited was formed in 1984,  and has become a  top producer of oil and gas in Nigeria.

Intels Nigeria markets refined petroleum products, manufactures and markets lubricants, household and liquified petroleum gas for domestic and industrial use.

  1. Forte Oil Plc.

Forte Oil Plc was founded on the 11th of December, 1964 as British Petroleum Nigeria Limited. Fourteen years later, the company changed to a public liability company.

Forte Oil is chaired by Femi Otedola, a Nigerian businessman, fuel products importer and philanthropist.

  1. Schlumberger Oilfield Services

Schlumberger Limited is a world-class oilfield services organisation providing technology, data and information solutions and integrated project management, thereby maximising reservoir performance for customers in the oil and gas industry.

  1. Amazon Energy

Amazon Energy is one of Nigeria’s major diversified energy services providers, that builds infrastructure to support the oil and gas, and power sectors.

  1. MRS Oil Nigeria Plc

MRS is an oil marketing company with its headquarters situated in Lagos, Nigeria. It started marketing petroleum products in Nigeria in 1913 under the brand name Texaco.

Their major operations are wholesale and retail of petroleum, aviation fuel and blending lubricants.

  1. Chibeco Oil and Gas

Chibeco is also a big name in Nigeria’s oil and gas sector. The company is committed to providing high quality petroleum products to customers promptly, and at reasonable prices.

Besides the 24 oil and gas companies in Nigeria listed and discussed above, there are more oil and gas companies in Nigeria and they are:

  1. Ariosh Limited

  2. Ascon

  3. Cakasa (Nigera Company Ltd)

  4. Capital Oil Plc

  5. Crestville Engineering and Technology Company Limited

  6. DeltaAfrik Engineering Limited (Deltatek/WorlyParsons)

  7. Denver Petroleum Services

  8. Elf Marketing Nig Ltd

  9. Fabrico Oil and Gas Limited

  10. Gaslink Nigeria Limited

  11. Geolynx Ltd

  12. Honeywell Oil and Gas Limited

  13. Linkso Engineering Design and Consultancy

  14. Lonadek Oil & Gas Consultants

  15. Lordmart Nig Limited

  16. Lubcon Limited Oil and Gas

  17. National Engineering & Technical Co. Ltd. (NETCO)

  18. Nigeria Agip Oil Company Limited

  19. Point Engineering Ltd

  20. Sigmund Engineering Company Limited

  21. Texaco Nigeria Ltd

  22. Tudaka Petroleum & Gas Co Ltd

  23. Weltek Nigeria Limited

  24. Zenon Petroleum and Gas

Conclusion

The Oil and Gas sector is Nigeria’s largest source of internally-generated revenue. The oil and gas sector comprises multi-billion naira companies and a large employee base.

Of course, the industry is the big money place. If you doubt my statement, Google information about the CEOs of oil and gas companies/firms and see their net worth. I can’t imagine anyone leaving a company as pocket-filling as that.

Oil and Gas companies are still thriving, even though some people have seen it as the cause of Nigeria’s lack of economic diversification. If this post has been beneficial to you, please like, share, and leave a comment.

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