Minnesota Nigeria Limited (R.C. 14977) began life on May 13th 1975, with an authorized share capital of =N=65,000, and a 40% Nigerian equity holding. In 1978, in compliance with the indigenisation Decree, the Nigerian shareholding was increased to 60%, with the 3M Corporation the largest single shareholder at 40%. In January 1995, 3M Corporation divested its 40% shareholding due to the political, economic and adverse trading conditions in Nigeria.
3M, through a technical agreement, continues to support the company in all its endeavors. The company has been under the chairmanship of Chief (Dr) Chris O. Ogunbanjo (OFR) since its inception in 1975. At the 1998 AGM, authorized share capital of the company was increased to =N=25 Million.
Minnesota Nigeria Ltd. (3M)
Plot 8, Block E, Oshodi – Isolo Expressway,
Mushin, P.O. Box 10380, Marina Lagos
Tel:……………..01-8041577, 8931465, 8931466
E-mail:……………………………..info@mnnig.com
Branch
3A, Ndah Bros Street, P.O. Box 5539 Trans
Amadi Layout, Port Harcourt
Tel:…………………………….084-897852, 886336