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Nigeria’s transport network has expanded in recent years to accommodate a growing population. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). This was reflected in a lower contribution to GDP, at 1.8% in the fourth quarter of 2020, down from 2.1% during the same period the previous year but higher than the 0.8% recorded in the third quarter of 2020. One of the most significant challenges facing the sector is meeting the needs of both large coastal cities and rural inland communities in order to fully unlock the country’s economic potential. This is especially the case with mining and agriculture, both of which are expected to benefit from two large-scale projects: the Lekki Port in Lagos and the Kano-Maradi rail line in the north of the country.
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Transnational Corporation plc, is a diversified conglomerate with strategic investments and core interests in the hospitality, agribusiness and energy sectors. A publicly quoted conglomerate with a diversified shareholders base of about 290,000 investors, its notable assets include Transcorp Hotels plc ; Transcorp Ughelli Power Limited and Transcorp Energy Limited.
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The electricity sector in Nigeria generates, transmits and distributes megawatts(MW) of electric power that is significantly less than what is needed to meet basic household and industrial needs. Nigeria has twenty-three (23) power-generating plants connected to the national grid with the capacity to generate 11,165.4 MW of electricity. These plants are managed by generation companies (GenCos), independent power providers, and Niger Delta Holding Company. In 2012, the industry labored to distribute 5,000 MW, very much less than the 40,000 MW needed to sustain the basic needs of the population. This deficit is also exacerbated by unannounced load shedding, partial and total system collapse and power failure. To meet demand, many households and businesses resort to purchasing generating sets to power their properties; this source of energy provided 6,000 MW in 2008. Nigeria has a chronic electricity shortage that has affected the country for many years. In 2022, its power grid collapsed twice in one week.
Dahiru Barau Mangal CON is a Nigerian businessman. He founded Max Air in 2008.
Honeywell Group is a conglomerate based in Nigeria. It operates in diversified businesses such as foods and agriculture, telecommunication and infrastructure, real estate and financial services. The company was founded by Dr. Oba Otudeko, who is the group chairman.
Conoil Plc is a Nigerian petroleum marketing company involved in the sale of regulated gasoline and kerosene, diesel, aviation fuel and low pour fuel. Other business activities of the firm include production and marketing of lubricants under the brand name Quatro. The company was previously known as National Oil and Chemical Marketing Plc until it was acquired by Conpetro in 2002.
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Union Trading Company PLC commonly known as UTC PLC was a Swiss founded diversified conglomerate that was publicly listed on the Nigerian Stock Exchange. It was founded by Swiss traders that were affiliated with both Basel Trading Company and the Basel Mission and who wanted portions of their earnings to support the works of the mission. The traders already had business interest in India and Ghana prior to entering the Nigerian market. In Ghana, the group owned a thriving cocoa business before the beginning of World War I, years after the war, the group established its subsidiary in Nigeria in 1932.
Nestle Nigeria Plc is a publicly listed food and beverage specialty company headquartered in Lagos. It's mostly owned by a holding company based in Switzerland and have ties to the company Tolaram Group. The company was founded in 1961 and conducted trading under the name of Nestle Products Nigeria Limited. It has its main factory in Agbara Industrial Estate, Ogun State. The firm manufactures breakfast cereal, baby food products, food seasoning and hydrolyzed plant protein mix.
Harriet-Ann Omobolanle (Bola) Adesola is the senior vice-chairman at Standard Chartered Bank Group where she was previously the CEO of Standard Chartered Bank for Nigeria and West Africa. Adesola has over 33 years of experience in the banking sector.
References
- 1 2 "MRS Nigeria PLC Annual Report and Financial Statements for 2023" (PDF). Retrieved May 30, 2024.
- ↑ Reuters Editorial. "MRS Oil Nigeria". U.S. Retrieved 2018-07-27.
{{cite web}}:|author=has generic name (help) - ↑ Egene, Goddy (2013-07-03). "Nigeria: MRS Oil Nigeria - in Dire Need of Cheaper Funding". This Day (Lagos). Retrieved 2018-07-27.
- ↑ Kantai, Parselelo. "Fuel barons: Oligarchs' party may be over" . Retrieved 2018-07-27.
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