African Stock Exchanges

IMG - Industrial & Medical Gases

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IMG share price on Nigerian Stock ExchangeIMG share price on Nigerian Stock Exchange

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 92nd most valuable stock on the NGX with a market capitalization of NGN 6.19 billion, which is about 0.011% of the Nigerian Stock Exchange equity market.

IMG12.40 ▪ 0.00
1 day ago
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume7,792
Number of Deals3
Gross Turnover90,387.20
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding499M
Market Capitalization6.19B
Monetary values are quoted in Nigerian Naira (NGN) unless otherwise stated

IMG Stock Market Performance


The current share price of Industrial & Medical Gases (IMG) is NGN 12.40. IMG closed its last trading day (Friday, May 24, 2024) at 12.40 NGN per share on the Nigerian Stock Exchange (NGX). Industrial & Medical Gases began the year with a share price of 13.45 NGN but has since lost 7.81% off that price valuation, ranking it 107th on the NGX in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that IMG has lost 10% of the stock’s value from April 25th to date.

Industrial & Medical Gases is the 104th most traded stock on the Nigerian Stock Exchange over the past three months (Feb 20 - May 24, 2024). IMG has traded a total volume of 3.37 million shares—in 504 deals—valued at NGN 43.6 million over the period, with an average of 53,557 traded shares per session. A volume high of 772,773 was achieved on April 29th for the same period. The table below details the last 10 trading days of activity of Industrial & Medical Gases on the Nigerian Stock Exchange.


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. The company is led by Ayodeji Oseni as its Managing Director/CEO. The company's board of directors, chaired by Abiodun Olabode Alabi, is composed of eight members whose names are listed below.

  1. Alabi, Abiodun Olabode
  2. Oseni, Ayodeji
    Managing Director/CEO
  3. Alayaki, Adeshina
    Finance Director
  4. De Waal, Hendrik Mentz
    Non-Executive Director
  5. Mabelane, Ben
    Non-Executive Director
  6. Oyedele, Olawale Oyeniyi
    Non-Executive Director
  7. Adeleke, Adebayo
    Non-Executive Director
  8. Oriseh, Gabinus Enuborda
    Non-Executive Director

Factsheet of Industrial and Medical Gases Nigeria Plc

Basic Materials
Block H, Plot 1-3, Apapa-Oshodi Expressway, Oshodi, Lagos, Nigeria
+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.

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

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