List of Fortune 500 Companies in Lagos
Each year, Fortune Magazine compiles and publishes The Fortune Global 500, a list of the top 500 companies in the world according to revenue. The Fortune 500 list features both publicly traded companies and private businesses that saw increases in sales, assets, earnings, and capitalization during the relevant fiscal year. This article will discuss the list of businesses from the 2021 Fortune 500 that have affiliates in Lagos State.
Here’s the List of Fortune 500 Companies in Lagos
Proctor & Gamble (P&G)
A global American company called Procter & Gamble specializes in creating products for personal care, consumer health, cleanliness, and personal health. In Cincinnati, Ohio, in the United States, it is headquartered. Since it began doing business in Nigeria in 1992, Procter & Gamble has established itself as a market leader in the consumer products sector. Pampers, Ariel, Always, Oral B, Gillette, and Safeguard are some of the items offered by P&G Nigeria. Procter & Gamble’s Nigerian headquarters are situated at 52–54 Isaac John Street in Ikeja GRA, Ikeja, Lagos State.
The American multinational company Qualcomm Incorporated produces chips, software, and services for the wireless industry. In order to help mobile operators and device manufacturers, Qualcomm established QCOM Wireless Technologies Limited on September 29, 2010, a wholly-owned subsidiary. This marked the company’s expansion into West Africa. At 35 Moloney Street, Lagos Island, Lagos State, you may find QCOM Wireless Technologies Limited. This office provides services to Senegal, Cameroon, Ghana, the Ivory Coast, and Nigeria.
A multinational corporation called ExxonMobil engages in the discovery and exploitation of natural gas and crude oil. Through its upstream companies Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Limited, ExxonMobil conducts business in Nigeria. ExxonMobil is located in Mobil House, 1 Lekki Expressway, Victoria Island, Lagos State.
JOHNSON & JOHNSON
American global corporation Johnson & Johnson, also known as Johnson’s, has been in existence for more than a century. Johnson & Johnson has made a commitment to offering new mothers baby care items like powders, oils, syrups, mouthwash, and more. The Nigerian branch of Johnson & Johnson is located in Landmark Towers, Plot 5B, Block XVI, Oniru Chieftancy family private estate, Victoria Island, Lagos State.
Computer hardware, middleware, and software are all produced by the American multinational company IBM International Business Machine (IBM) Corporation. In addition, IBM offers hosting and consulting services in a variety of fields, from mainframe computing to nanotechnology. IBM has expanded its operations to over 171 nations since its founding in 1911, including Nigeria. The IBM West Africa, 7th Floor, Africa Re Building, Plot 1679, Karimu Kotun Street, Victoria Island is where you can find IBM Nigeria in Nigeria. This is where it is located in Lagos State.
Founded in the United States in 1886, The Coca-Cola Company is a multinational firm that produces beverages. Its main office is in Atlanta, Georgia, in the United States. Coca-Cola is engaged in the production, distribution, and marketing of a range of non-alcoholic beverages, syrups, and even certain alcoholic beverages. Coca-Cola started doing business in Nigeria in 1953 with a bottling facility in Ebute-Metta, Lagos State, but the same year the corporation also opened its first bottling factory in Apapa. Coke, Fanta, Sprite, Schweppes, Limca, Five Alive, Eva, and Hollandia Slim Evaporated Milk are among the brands of the Coca-Cola Company’s franchise in Nigeria, Coca-Cola Nigeria. 16 Gerrard Road, Ikoyi, Lagos, is where Coca-Cola Nigeria’s corporate offices are located.
MAIN MOTORS (GM)
Incorporated in Detroit, General Motors is a multinational American company in the automotive sector. Through GM Nigeria, General Motors operates in Nigeria. A joint venture for marketing and car assembly, GM Nigeria was created by General Motors Corporation and UAC of Nigeria PLC. 17 Creek Road, Apapa Quays, Lagos State is the address of GM Nigeria.
General Electric (GE) Company
General Electric (GE) Company is an American multinational conglomerate that is among the Fortune 500 companies. For 40 years, GE has been doing business in Nigeria across key sectors of the economy – Power generation, Healthcare and Aviation. The principal subsidiary of General Electric Company in Nigeria is GE International Operations (Nig.) Limited. The company is located at Mansard Place, Plot 927/928 Bishop Aboyade Cole Street in Victoria Island, Lagos State.
Computer software, consumer electronics, personal computers, and related services are all produced by the American multinational company Microsoft. Its headquarters are in Redmond, Washington, in the USA. The Nigerian subsidiary of Microsoft is called Microsoft Nigeria, and it is situated in Microsoft House, Civic Towers, Ozumba Mbadiwe, Victoria Island, Lagos State.
Founded in Oklahoma in 1920, Halliburton Oil Well Cementing Company is a worldwide American corporation. Halliburton provides solutions for the upstream oil and gas industry and is active in more than 80 nations, including Nigeria. Halliburton is exclusively involved in the investigation of the oil and gas industry’s production value chain. Halliburton’s regional office for Nigeria is located in Lagos State at Plot 90, Ajose Adeogun Street, Victoria Island. In Port Harcourt, Rivers State, and Warri in Delta State, there are additional Halliburton locations.
Chevron is an American energy multinational corporation that conducts business in the global petroleum industry in over 180 countries. Chevron has been doing business in Nigeria – through its principal subsidiary Chevron Nigeria Limited (CNL) – since 1913. In 1978, following the Nigeria Indigenization Decree, Chevron diverted 40% of its shares to the Nigeria Public.
Chevron Nigeria Limited is one of the largest investors in the oil and gas industry in Nigeria. For over 50 years, Chevron has engaged in energy exploration and production work in Nigeria. The business portfolio of Chevron spans several aspects of the energy industry in Nigeria – natural gas, exploration, and production. Chevron Nigeria Limited and the Nigerian National Petroleum Corporation (NNPC) operate a joint venture agreement that permits Chevron’s operated and non-operated interests in 8 concessions in the onshore and near-onshore regions of the Nigeria Delta. Chevron Nigeria Limited is involved in 3 operated deepwater blocks and 6 non-operated deepwater blocks.
The company has working interests in Agbami Fields, Aparo Fields, Oil Mining Lease (OML) 140, as well as other non-operating working interests in OML 138, OML 139, and OML 154. Chevron is also involved in the Natural gas industry with interests in Escravos Gas Plant, Escravos Gas-to-Liquid facility and the Sonam Field Development Project.
The Chevron Nigeria Limited Lekki Office Complex is located on the Lekki-Ajah expressway at No. 2, Chevron Drive, Lekki Peninsula. This is the headquarters of Chevron Nigeria Limited in Nigeria.