Top 5 Exporters in Nigeria: Meet the Top Export Businesses in Nigeria.

Nigeria is home to many successful companies that are exporting goods. From oils, to cocoa, to rice, Nigeria’s exports are diverse and plentiful. These five top Nigerian exporters are not only some of the largest in Nigeria, but they also export globally. Some of these businesses you might already know; others you may not. But no matter who you are or where you live, these five Nigerian exporters can offer something for everyone.

Nigerian Export Businesses

You Should Know

Leveraging strong relationships and a strong distribution network, the Nigerian Export Company (NECO) has been operating since 1972 and is one of Nigeria’s largest and most successful exporters. The company exports goods and services to more than 50 countries and employs over 4,000 people.

Nigerian Breweries Plc (NB) is the largest brewing company in Africa with a market share of about 44 percent. The company exports its beverages to over 30 countries on six continents, including Latin America, Asia, the Middle East, North America, Europe, and Africa.

Oando PLC (OANDO) is one of Nigeria’s largest energy companies that supplies more than 1 million households with electricity. They also operate in West Africa through subsidiaries that provide fuel and energy products to Benin Republic, Cote d’Ivoire, Ghana and Senegal.

Nigerian National Petroleum Corporation (NNPC) offers petroleum products from crude oil to petrol for both domestic consumption as well as export markets in which they have operations in the United States of America.

In addition to exporting petroleum products domestically and abroad, NNPC also manages Nigeria’s strategic petroleum reserve system with four strategic storage facilities across Nigeria.

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Oil Exploration

, Development, and Production

Shell is Nigeria’s largest oil explorer, developer, and producer. Shell Nigeria Exploration and Production oversees three of the country’s petroleum basins. The company produces about 175,000 barrels of oil per day.

Nigeria is home to Africa’s most prolific crude oil zone with large reserves of what are called “light sweet” oils. This type of oil only needs to be lightly refined before it can be used as fuel for cars or other machinery.

Shell operates in all three areas of exploration, development, and production in Nigeria which allows them to create synergies among them. Shell has been operating in Nigeria since 1956 when the company first discovered the Nigerian National Petroleum Corporation (NNPC). NNPC was created by the government under Nigerian law. Shell also owns a majority stake in NNPC which doesn’t mean they own all of it though.

Cocoa Products

Born from a vision to produce the finest quality cocoa products, Songhai Cocoa is recognized as one of Nigeria’s leading exporters. The company specializes in cocoa beans and chocolate, and produces over 550 types of chocolates for the international market.

Songhai Cocoa’s supply chain not only benefits smallholder farmers and traders, but also provides employment opportunities to Nigerians. This company is looking to provide additional income for smallholder farmers by replanting trees and investing in sustainable farming practices.

Songhai Cocoa is a prime example of an innovative Nigerian business that exports globally, but also helps those living within its own borders.

Rice Exports

Nigeria is Africa’s largest exporter of rice. Nigeria exports over 4 million tons of rice annually, which is shipped to over 140 countries worldwide. Nigeria’s rice sector has been growing at a rate of 8% every year since 2002.

Fertilizer Production

Nigerian Fertilizer Production is one of the largest fertilizer manufacturers in Africa. Producing fertilizers for many purposes, they export to countries all over the world, including Saudi Arabia, China, and India.

The company is headquartered in Kaduna, deep in the heart of Nigeria. They’ve been in operation since 1976 and have remained a major player in fertilizer production ever since.

Manufacturing Industry

Nigerian companies have been working in the manufacturing industry for centuries. In fact, Nigeria’s major exports include food, beverages, and tobacco. The country is also a major supplier of aluminum, cotton, and textiles.

In the last decade alone, Nigerian clothing firms have become a force in Europe and Asia. Brands like “Lambie,” “Maje,” and “Zadig & Voltaire” are exporting their goods to various parts of the world.

One of the largest Nigerian exporters is Zenith Bank Plc., which employs over 12,000 people worldwide. In addition to trade finance services, the company provides a wide variety of financial solutions for individuals and businesses alike.

Conclusion

The Nigerian economy is thriving and this is evident from the top five export businesses in Nigeria. These companies have a combined worth of over a billion US dollars and employ a diverse range of Nigerian nationals. The success of these companies has been a result of the dedication and hard work of the Nigerian people.

In conclusion, it is evident from Nigeria’s top export businesses that Nigerian entrepreneurs are not being held back by the economic downturn as they thrive to create a better life for themselves and their families.