IMG - Industrial & Medical Gases
Industrial and Medical Gases Nigeria Plc (formerly BOC Gases Nigeria Plc) is an industrial and medical gases manufacturer headquartered in Lagos, Nigeria. IMG is the market leader in West Africa for the production and distribution of industrial gases, including argon, nitrogen carbon dioxide, and oxygen, as well as welding products. IMG also engages in the sale and marketing of special gases, welding, and medical equipment. Its major customers include the Nigerian Bottling Company (Coca-Cola Bottler), Guinness Nigeria, Chevron, Nigerdock, West African Ventures, Lafarge, African Diving Services, Lagos University Teaching Hospital, University College Hospital, NLNG, and Exxon Mobil.
Incorporated as a public limited company under the name Industrial Gases (Nigeria) Limited in 1959, IMG changed its name to BOC Gases in 1997, then to its current label in 2021. The company has been listed on the Nigerian Stock Exchange since 1979. In 2006, The Linde Company AG, a global leader in gases, engineering, and technology solutions, acquired 60% of IMG Nigeria with the balance being held by Nigerian shareholders. As a member of The Linde Group, IMG also has access to the continent's biggest industrial gases and welding products group, African Oxygen Limited (Afrox), which operates in South Africa and 10 other African countries.
Industrial & Medical Gases is listed on the Nigerian Stock Exchange (NGX). Industrial & Medical Gases is traded on the NGX under the ticker symbol “IMG”. The International Securities Identification Number (ISIN) of NGX:IMG is NGBOCGAS0008. Industrial & Medical Gases is currently the 79th most valuable stock on the NGX with a market capitalization of NGN 17.1 billion, which is about 0.026% of the Nigerian Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | |
| Day’s High Price | |
| Traded Volume | 12,210 |
| Number of Deals | 6 |
| Gross Turnover | 416,755.50 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 499M |
| Market Capitalization | 17.1B |
IMG Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -10% | -10% | -10% |
| 6MO | 1YR | YTD |
|---|---|---|
| -2.29% | +149% | -9.88% |
The current share price of Industrial & Medical Gases (IMG) is NGN 34.20. IMG closed its last trading day (Thursday, April 24, 2025) at 34.20 NGN per share on the Nigerian Stock Exchange (NGX). Industrial & Medical Gases began the year with a share price of 37.95 NGN but has since lost 9.88% off that price valuation, ranking it 112th on the NGX in terms of year-to-date performance.
Industrial & Medical Gases is the 122nd most traded stock on the Nigerian Stock Exchange over the past three months (Jan 22 - Apr 24, 2025). IMG has traded a total volume of 1.19 million shares—in 526 deals—valued at NGN 41.4 million over the period, with an average of 18,853 traded shares per session. A volume high of 193,299 was achieved on April 2nd for the same period. The table below details the last 10 trading days of activity of Industrial & Medical Gases on the Nigerian Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2025-04-24 | 12,210 | 34.20 | ||
| 2025-04-23 | 39,906 | 34.20 | ||
| 2025-04-22 | 8,621 | 34.20 | ||
| 2025-04-17 | 54,105 | 34.20 | ||
| 2025-04-16 | 183,425 | 34.20 | -3.80 | -10.00% |
| 2025-04-15 | 19,011 | 38.00 | ||
| 2025-04-14 | 3,587 | 38.00 | ||
| 2025-04-11 | 3,579 | 38.00 | ||
| 2025-04-10 | 2,268 | 38.00 | ||
| 2025-04-09 | 9,475 | 38.00 |
Profile of Industrial and Medical Gases Nigeria Plc
Industrial and Medical Gases Nigeria Plc was founded on November 12, 1959 and operates in the Basic Materials sector, specifically, the Chemicals industry.
Factsheet of Industrial and Medical Gases Nigeria Plc
- Sector
- Basic Materials
- Industry
- Chemicals
- Address
- Block H, Plot 1-3, Apapa-Oshodi Expressway, Oshodi, Lagos, Nigeria
- Telephone
- +234-1-452-1326, +234-1-342-9179
IMG Industrial Market Competitors
Industrial and Medical Gases Nigeria Plc, issuers of the IMG stock on the Nigerian Stock Exchange, have four market competitors who are also engaged in the Basic Materials sector and/or Chemicals industry. The table below presents an overview of their market standing.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| MULTIVERSE | Multiverse Mining & Exploration | 3.32B | 7.80 | +6.12% |
| ALEX | Aluminium Extrusion Industries | 1.57B | 7.15 | |
| THOMASWY | Thomas Wyatt Nigeria | 733M | 1.85 | -2.12% |
| JAPAULGOLD | Japaul Gold and Ventures Plc | 28.1B | 1.97 | -3.9% |