The Fortune Global 500 is an annual ranking of the top 500 corporations worldwide based on their revenue, and it is compiled and published by Fortune Magazine. The Fortune 500 list includes public-trading firms and private enterprises that achieved business successes in sales growth, assets, earning and capitalization in the fiscal year in question. In this article, the list of companies in the 2021 Fortune 500 that have subsidiaries in Lagos State will be addressed.
This is a list of Fortune 500 companies in Lagos State:
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Procter & Gamble (P&G)
Procter & Gamble is an American multinational corporation that specializes in producing personal health, consumer health, personal care and hygiene products. It has its headquarters in Cincinnati, Ohio, USA. Procter & Gamble is a leading consumer goods company in Nigeria since the company commenced operations in Nigeria in 1992. The products in the P&G Nigeria portfolio include Pampers, Ariel, Always, Oral B, Gillette, and Safeguard. The headquarters of Procter & Gamble in Nigeria is located at 52-54, Isaac John Street in Ikeja GRA, Ikeja, Lagos State.
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Qualcomm
Qualcomm Incorporated is an American multinational corporation involved in creating semiconductors, software and services related to wireless technology. On September 29, 2010, Qualcomm expanded its tentacles to West Africa when it launched QCOM Wireless Technologies Limited, a wholly-owned subsidiary to provide support for mobile operators and device manufacturers. QCOM Wireless Technologies Limited is located at 35, Moloney Street, Lagos Island, Lagos State. This office serves Ghana, Ivory Coast, Ghana, Senegal, Cameroon, and Nigeria.
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ExxonMobil
ExxonMobil is a multinational company that’s into the exploration and production of crude oil and natural gas. ExxonMobil operates in Nigeria through Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Limited which are its upstream affiliates. The address of ExxonMobil in Lagos State is Mobil House, 1 Lekki Expressway, Victoria Island.
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Johnson & Johnson
Johnson & Johnson, which is commonly referred to as Johnson’s, is an American multinational company that has been around for over 100 years. Johnson & Johnson has been committed to providing new mothers with baby care products ranging from baby powders, baby oil, mouth wash, syrup, and so on. Johnson & Johnson has its office in Nigeria at Landmark Towers, Plot 5B, Block XVI, Oniru Chieftancy family private estate, Victoria Island, Lagos State.
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IBM
International Business Machine (IBM) Corporation is an American multinational that produces hardware, middleware and software of computers. IBM also provides hosting and consulting services in areas of mainframe computers to nanotechnology. Since 1911 when IBM was founded, it has spread operations to over 171 countries, including Nigeria. In Nigeria, IBM Nigeria is located in Lagos State at The IBM West Africa, 7th Floor, Africa Re Building, Plot 1679, Karimu Kotun Street, Victoria Island.
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Coca-Cola
The Coca-Cola Company is an American multinational beverage corporation that has been around since 1886. It has its headquarters in Atlanta, Georgis, USA. Coca-Cola is involved in the manufacture, retail and marketing of various non-alcoholic beverages and syrups, even some alcoholic beverages. In 1953, Coca-Cola began business in Nigeria at a bottling facility in Ebute-Metta, Lagos State, however, in the same year, the company’s first bottling plant was launched in Apapa. The products of Coca-Cola Nigeria, a franchise of the Coca-Cola Company, include Coke, Fanta, Sprite, Schweppes, Limca, Five Alive, Eva, and Hollandia Slim Evaporated Milk. The location of Coca-Cola Nigeria headquarters is at 16, Gerrard Road, Ikoyi, Lagos.
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General Motors (GM)
General Motors is an American multinational corporation in the automotive industry incorporated in Detriot. General Motors operates in Nigeria through GM Nigeria. GM Nigeria is a joint venture between General Motors Corporation and UAC of Nigeria PLC. in assembling vehicles and marketing. GM Nigeria is located at 17 Creek Road, Apapa Quays, Lagos State.
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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.
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Microsoft
Microsoft is an American multinational corporation that produces computer software, consumer electronics, personal computers and related services. It has its headquarters in Redmond, Washington, USA. Microsoft Nigeria is the subsidiary of Microsoft in Nigeria and is located at the Microsoft House, 6th Floor, Civic Towers, Ozumba Mbadiwe, Victoria Island, Lagos State.
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Halliburton
Halliburton Oil Well Cementing Company is an American multinational company that was founded in 1920 in Oklahoma. Operating in more than 80 countries, including Nigeria, Halliburton is involved in the provision of technologies for the upstream oil and gas sector. Halliburton is wholly engaged in the exploration of the production value chain of the oil and gas sector. In Nigeria, Halliburton has its headquarters in Lagos State at Plot 90, Ajose Adeogun Street, Victoria Island. There are other Halliburton branches in Port Harcourt, Rivers State and Warri in Delta State.
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Chevron
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.