Nigerian businesses are gradually expanding from local to global business, creating billions of dollars in value. Many of them are listed on the nation’s premier exchange. For example, the valuation of the Dangote Cement stands at US $10.8 Billion. Some of the Nigerian corporations have surpassed many global players in terms of profitability of companies. According to the last Audited Financial Statement, a few Nigerian Companies outperformed some companies on the Forbes Global 2000. Zenith Bank Plc, Nigeria’s leading Bank reported $625 Million in profit higher than US $314 Million Deutsche Bank –the biggest German Bank by Asset in 2018. Mapfre Assistencia of Spain also recorded lowerprofit of US $ 624 Million in the same year. In the Oil & Gas business in 2018, While Saipem of Italy declared US -$ 557 Million loss, Nigeria’s Seplat declared US $147 Million profit. Nestle Nigeria declared a profit after tax of US $63.2 Million as against Americas Kraft Heinz Company with a loss of US -$10.2 Billion. The towering presence of Dangote Group (Cement, Sugar, Salt & Flour) profitability of US $1.4 Billion is aboveMexico’s Largest Mining Corporation – Grupo Mexico( US $1.3 Billion) and is at par with Thailand’s largest cement company – Siam Cement Group profit.
These Nigerian corporations are leaving global footprints marking Nigeria’s place in the global market map with global standards of products, services and corporate governance.
