Fast Moving Consumer Goods (FMCG) are highly consumed goods which are at a low cost and in large quantities. They have a large turnover making them very profitable. The reason why FMCGs are able to make high profits is that the goods are in high demand and thus sales happen really fast.
There are many FMCG companies in Lagos with many of them being subsidiaries of multinational companies, however, there are a considerable number of FMCG companies indigenous to Nigeria and have their headquarters located in Lagos.
In this article, you will find the top 10 FMCG companies in Lagos.
Nigerian Breweries Plc is the largest brewery in Nigeria and one of the largest FMCG companies in Lagos. Established in 1946, the brewery produces and supplies the bulk of the alcoholic and non-alcoholic beverage consumed in the country. Nigerian Breweries Plc currently has 10 operational breweries located in several parts of the country.
Together, they work to produce the numerous products which the company distributes to all parts of Nigeria. Some of its most popular products include Gulder Lager Beer, Heineken Lager, Star Lager, Goldberg Lager, Legend Extra Stout, Amstel Malta, and Maltina.
Guinness Nigeria Plc is another brewery company in Lagos, however, it is not wholly owned by Nigerians and simply a subsidiary. The company has one of the largest breweries in Nigeria which opened in 1963. In the same year, it brewed its first bottle of Guinness Foreign Extra Stout for distribution in the Nigerian market.
The company has been able to set up four breweries to manage its ever-growing customer base.
Ever since the company was founded in 1981 by Aliko Dangote, it has remained a market leader in the Nigerian and African market. It is also one of the top manufacturing companies in Nigeria. Dangote Group produces a large number of products which include cement, sugar, flour, oil, and salt.
The company has since moved from the importation of foreign goods to the manufacture and distribution of its own branded items. Dangote group employs more than 30,000 skilled personnel to handle all its operations.
Unilever Nigeria Plc was initially established as soap distributor in 1923. A growing customer base saw the founders make a move to establish a soap factory in 1925. The company has since expanded into the manufacture of other FMCG making it one of the largest FMCG companies in Lagos.
Unilever’s popular brands include – LUX soap, Close up toothpaste, Blue Band Margarine, Pepsodent toothpaste, Lipton Yellow Label Tea and Knorr seasoning cube.
- PZ Cussons Nigeria Plc
PZ Cussons Nigeria Plc initially began as a trading post in 1899 before its co-founders expanded to soap production in the 1950s. From their factory in Aba, they were able to build a company that became one of the largest FMCG companies in Lagos.
PZ Cussons has since moved from just soap production to the manufacture of electronics and other mechanical devices. It also owns Haier Thermocool which is one of the top electronic brands in Nigeria.
- DUFIL Prima Foods Limited
DUFIL (De United Foods Industries Limited) is the company behind Indomie Instant Noodles which is a top FMCG in Nigeria. Indomie Instant Noodles has been loved by most Nigerians since it was introduced into the Nigerian market. DUFIL once owned the largest and first instant noodles manufacturing plant in Nigeria which made it one of the largest FMCG companies in the country.
It has several other brands under its name which include – Power oil, Power pasta, Minimie pasta, and Minimie chinchin.
- May & Baker Nigeria Plc
May & Baker Nigeria Plc is a leading pharmaceutical company in Nigeria and also one of the oldest pharmaceutical companies in the country. It prides itself as the first pharmaceutical company in Nigeria where it has a large customer base. May & Baker Nigeria produces a large number of quality drugs which are in high demand in the Nigerian market thus making it one of the important FMCG companies in the country.
Its line of products is categorized into Anti-hypertensive, Anti-malaria, Cough & Cold, Anti-diabetics, Antibacterial, Anti-infectives, Anxiolytics, Multi-vitamin, and Analgesics.
- GlaxoSmithKline (GSK) Nigeria
GSK Nigeria is a subsidiary of GlaxoSmithKline Plc and one of the largest pharmaceutical companies in Lagos. Its parent company, GlaxoSmithKline Plc is a British multinational pharmaceutical company serving many countries in Africa and other continents in the world. Back in 2015, it was listed as the sixth largest pharmaceutical company in the world.
GSK Nigeria produces a number of pharmaceutical and consumer health products which are all of the highest quality and in high demand in the Nigerian market. It has a large customer base which makes it a top FMCG company in Lagos. GSK Nigeria has its head office located in Lagos.
Nestle Nigeria is one of the largest FMCG companies in Lagos actively involved in the production of food seasoning and beverages. The company began its operations in Nigeria in 1959 and has been able to build a good reputation for itself thereby becoming one of the well-recognized brands in the country. Nestle Nigeria produces a number of FMCG which include Milo, Golden Morn and Maggi. Milo, and Maggi are among its most popular products and are widely accepted by Nigerians.
Nestle Nigeria currently boasts of a workforce of over 2,300 personnel with 8 branches and 3 manufacturing sites spread across the country. It has its head office located in Ikeja, Lagos.
- Lafarge Nigeria Plc
Lafarge Nigeria Plc is one of the major competitors of the Dangote Group and a subsidiary of the largest building solutions company in the world – LafargeHolcim Group.
The company has been able to build a name for itself in the tough construction industry while rivaling with other big names like Dangote Cement. It is one of the well-recognized brands in building solutions in Nigeria. Lafarge has 4 manufacturing plants spread across the country and boasts of a cement production capacity of 10.5MTPA. Lafarge has its head office located in Lagos, Nigeria.
That wraps our article on the top 10 FMCG companies in Lagos.