List Of Indian-owned Businesses Which Pumped $19 Billion Into Nigeria In Four Decades

Published

3 years ago

January 13, 2023

Editor

The Indian government has revealed that Indian firms operating in Nigeria have pumped about $19 billion into the economy over the past 40 years.

The Indian High Commissioner to Nigeria Shri G. Balasubramanian stated this during an interview with the News Agency of Nigeria on Wednesday, January 11, 2023, in Abuja.

He noted that the relationship between the two countries has been excellent and India plans to deepen the cultural exchange program with Nigeria.

He said the countries could corporate via information-sharing and news networks, among others.

The bilateral trade volume between Nigeria and India crossed the $19 billion mark for the financial period of 2021 to 2022, representing an increase of 69.80 per cent.

According to reports, the ex-Prime Minister of India visited Nigeria in 2007 to raise the bilateral relationship between the two countries.

Indian-owned businesses in Nigeria range from automobiles to retail stores and others.

TATA Africa Services Founded in 1868 by Indian businessman, Jamsetji Nasserwanji Tata, the conglomerate has its products in over 150 countries across six continents.

The company was established in Nigeria in 2006 with investments in excess of $10 million, offering products such as passenger vehicles, and light commercial vehicles, amongst others.

Dana Group

Dana Group is a conglomerate with businesses across major industries, founded by Jacky Hathiramani.

The company produces plastic, surgical instruments, steel, allied products, shipping and real estate.

It began its business in Nigeria with medical products and manufacturing before diversifying into the importation of industrial chemical products, among others.

Artee Group

The retail company began as a wholesale business in Nigeria in 1998.

The company also owns Spar Market, a retail store spread across Nigeria, and Park n Shop which operates in cities such as Lagos, Abuja and Port Harcourt.

Antee Group began work on three shopping mall projects in Nigeria after the success of the Port Harcourt Mall.

Me Cure Healthcare

Me Cure Healthcare was founded in 2009 and is a diagnostic service provider identifying the gap in medical diagnostics and providing dependable medical examinations.

The health facility has become a household name for imaging, pathology and cardiac-care services.

About 400 Nigerians work in Me Cure and the facility has expanded into eye care, dental care, cancer management and preventive healthcare.

Dufil Prima Foods

Dufil Prima Foods is the company behind Nigeria’s noodles staple, Indomie Instant Noodles.

The company was founded by Deepak Singhal in Nigeria in 2001 as a private limited liability company, then restructured to become a holding company in 2008.

It has six subsidiaries including Northern Noodles Limited, and Pure Flour Mills Limited.

Chi Limited

Chi Limited was registered in 1980 and became wholly owned by the Coca-Cola Company after its acquisition in 2019.

It provides direct employment to over 2,000 people in Nigeria and 50,000 throughout its value chain.

It produces various fruit juices and yoghurt variants and snacks.

Why We Sited Our Multi-Billion Naira Automobile Firm Branch in Benin – Skyewise Group CEO

Published

1 day ago

May 4, 2026

Editor

Dr. Elvis Abuyere, Chief Executive Officer and Managing Director of Skyewise Group, an automobile firm, has explained the reason for establishing a branch of the company in Benin City, the Edo State capital, describing the ancient city as “a growing economy full of enormous potential for vibrant youth.”

He added that the company considers Edo State one of the most interesting states, noting that the decision aligns with its long-term vision.

Abuyere, who spoke in Benin on Monday while taking journalists on a tour of the new automobile facility, said:
“We started very small — from Abuja to Lagos and now Benin. It is a joy and privilege for us to have completed this amazing regional office with Skyewise Group.”

According to him, beyond the automobile business, Skyewise Group is in Benin to invest in real estate, logistics, youth empowerment, and credit management. “Aand also to lend our support to what the Edo State Government is doing, knowing the fact that there is an agenda,” he added.

The young CEO urged youths in Nigeria, particularly those in Edo State, to embrace entrepreneurship, stressing that “we believe it is the future of Africa,” especially Nigeria.

He said Nigeria stands as the giant of Africa and that its youth must take bold steps in the entrepreneurship landscape.

According to Abuyere, to ensure Edo youths actualise their entrepreneurial potential, the company has prepared soft loans to help them start businesses, adding that Skyewise Group is not limited to automobile operations.

He said: “More importantly to us is youth empowerment. We want our youth to be empowered, and this is where the Skyewise Foundation comes in.

“We believe the future of Africa is entrepreneurship, and that future lies in the hands of the young people of Nigeria. We want to empower them to stand the test of time, build something meaningful, and reduce unemployment and insecurity in our land.

“I believe we need to begin taking bold steps by refining the mindset of our young people. We need to give them a sense of belonging and direction.

“We have been addressing the liquidity gap in society by providing microloans to support businesses in our environment and in Benin City.”

When asked why he chose Benin City for the multi-billion naira automobile firm, Abuyere noted: “I think this is the first automobile showroom in Edo State where you can see a car lifted from the ground floor to the first floor and beyond.”

Business

JUST IN: Nigerian Filling Stations Reduce Fuel Price After Hike

Published

3 days ago

May 2, 2026

Editor

Nigerian filling stations reduced their Premium Motor Spirit price on Saturday, barely 24 hours after the hike.

Checks by DAILY POST showed that Ranoil, Empire Energy, and other filling stations in Abuja adjusted their petrol pumps to N1,365 and N1,375 per litre respectively, down from N1,440 per litre on Friday.

This means that petroleum marketers dropped their fuel price by N65 and N75 per litre. DAILY POST reports that the move was to attract patronage from customers.

Recall that three days ago, Nigerian filling stations had raised their petrol pump price to between N1,365 and N1,440 nationwide after Dangote Refinery and depot owners increased ex-depot prices to around N1,275 and N1,290 per litre.

According to DAILY POST, while the Nigerian National Petroleum Company Limited and MRS Bovas filling stations raised their petrol price to around N1,365 per litre, others adjusted theirs above N1,440 per litre.

However, with the latest fuel price reduction by Ranoil and Empire Energy, the majority of filling station outlets now dispense petrol between N1,365 and N1,375 per litre.

This development comes as the ripple effect of crude oil prices continues to impact Nigeria’s domestic fuel price.

Brent and West Texas Intermediate crude rose to $114 and $105 per barrel before dropping to $108 and $101 after the filing of this report.

Business

Dangote Refinery Hikes Petrol Price

Published

7 days ago

April 29, 2026

Editor

Dangote Refinery has increased the ex-depot price of petrol by N75.

The refinery announced the increase on Wednesday, hiking the the price from N1,200 to N1,275 per litre.
In the same way, coastal prices have gone up to N1,215 per litre.

This adjustment amid Brent crude trading at $114.80 per barrel marks a 3.15% increase.

DAILY POST reports that Brent crude has increased to $115 per barrel, while West Texas Intermediate rose to $103 per barrel on Wednesday.