Great Nigerian Businesses that started in February
Nigeria’s entrepreneurial landscape is rich and diverse, with numerous businesses making significant impacts across various sectors. While specific data on companies founded precisely in February is limited, several notable enterprises have their origins in this month. This article highlights some of these organizations, emphasizing their contributions to Nigeria’s economic and social development.

Aiteo Group
Established in February 2008, Aiteo Group has emerged as Africa’s largest privately-owned integrated energy company. The company is involved in various aspects of the energy sector, including oil and gas exploration, production, refining, and marketing. Operating across West and Southern Africa, Aiteo has significantly contributed to the continent’s energy landscape. Under the leadership of its founder and CEO, Benedict Peters, and Group Managing Director, Victor Okoronkwo, Aiteo
continues to play a pivotal role in meeting Africa’s energy needs.
Nigerian Business Coalition Against AIDS (NIBUCAA)
Inaugurated on February 15, 2003, NIBUCAA is a coalition of private organizations in Nigeria dedicated to complementing the government’s efforts in combating the HIV/AIDS epidemic. The coalition aims to harness the resources of the private sector to support HIV prevention and mitigation initiatives. Headquartered in Lagos, NIBUCAA serves as a representative of the private sector on the Global Fund Country Coordinating Mechanism. Prominent figures such as Herbert Wigwe, Aliko Dangote, and Mike Sangster are among its board members, reflecting the coalition’s strong leadership and commitment to public health.
Volkswagen Nigeria Ltd.
On February 7, 1973, Volkswagen Nigeria Ltd. was established in Lagos through a collaboration between the Nigerian government and the German automotive giant Volkswagen. This partnership led to the creation of an assembly plant along the Lagos-Badagry expressway, where popular models like the Beetle, Golf, Kombi bus, Jetta, and Passat were produced. These vehicles became integral to Nigeria’s automotive market, especially among the middle class, and played a significant role in the country’s industrialization efforts.
Oando PLC
While Oando’s origins trace back to 1956 with the formation of Esso Africa, a significant milestone occurred on March 1, 1991, when Unipetrol (a precursor to Oando) became a Public Limited Company. By February 1992, Unipetrol was listed on the Nigerian Stock Exchange, marking its official entry into the public market. Over the years, through strategic acquisitions and expansions, Oando has evolved into a leading integrated energy solutions provider in Nigeria and beyond.
Taleveras
Founded in 2004 by Nigerian businessman Igho Sanomi, Taleveras is a business conglomerate with interests spanning energy and infrastructure, oil and gas exploration, production, trading and supply, power, and construction. With offices in major cities worldwide, including London, Geneva, Abuja, Lagos, Abidjan, Cape Town, and Dubai, Taleveras has established a significant presence in the global energy sector.
These organizations, each established in February, have significantly contributed to Nigeria’s economic growth and development. Their diverse operations across various sectors underscore the dynamic nature of Nigerian entrepreneurship. From energy and automotive industries to public health initiatives, these enterprises exemplify the nation’s capacity for innovation and resilience.
Aiteo Group’s comprehensive involvement in the energy sector addresses critical needs in oil and gas exploration, production, and refining. Their operations not only contribute to energy security but also create employment opportunities and drive technological advancements within the industry.
NIBUCAA’s efforts in combating HIV/AIDS highlight the pivotal role of private sector collaboration in addressing public health challenges. By leveraging corporate resources and expertise, NIBUCAA complements governmental initiatives, leading to more effective prevention and treatment programs.
Volkswagen Nigeria Ltd.’s establishment marked a significant step in Nigeria’s industrialization journey. The assembly of vehicles locally not only catered to domestic demand but also facilitated skill development and technological transfer, bolstering the nation’s manufacturing capabilities.
Oando PLC’s evolution from a downstream marketing company to an integrated energy solutions provider exemplifies strategic growth and adaptation. Their diversified operations, including gas and power projects, reflect a commitment to meeting Nigeria’s evolving energy needs while contributing to economic development.
Taleveras’ global reach in the energy sector underscores Nigeria’s potential in international business arenas. Their activities in trading, supply, and infrastructure development not only enhance energy accessibility but also position Nigeria as a key player in the global energy market.
In conclusion, the establishment of these organizations in February signifies more than just business milestones; it reflects Nigeria’s broader narrative of growth, innovation, and resilience. As these enterprises continue to evolve and expand, they remain integral to the nation’s socio-economic fabric, inspiring future generations of Nigerian entrepreneurs.
Do you like the article? Please comment, and share with loved ones. You can as well buy me a drink through this link. You can read more about business here.