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.
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IMG Stock Market Performance
The current share price of Industrial & Medical Gases (IMG) is NGN 9.50. IMG closed its last trading day (Wednesday, January 26, 2022) at 9.50 NGN per share on the Nigerian Stock Exchange (NGX). Industrial & Medical Gases began the year with a share price of 9.45 NGN and has since gained 0.53% on that price valuation, ranking it 56th on the NGX in terms of year-to-date performance.
Industrial & Medical Gases is the 100th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 27, 2021 - Jan 26, 2022). IMG has traded a total volume of 2.29 million shares—in 334 deals—valued at NGN 22 million over the period, with an average of 36,285 traded shares per session. A volume high of 425,550 was achieved on December 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.
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.
- Alabi, Abiodun Olabode
- Oseni, Ayodeji
- Alayaki, Adeshina
- De Waal, Hendrik Mentz
- Mabelane, Ben
- Oyedele, Olawale Oyeniyi
- Adeleke, Adebayo
- Oriseh, Gabinus Enuborda
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 (ISIN: NGBOCGAS0008) 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.
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|THOMASWY||Thomas Wyatt Nigeria||77M||0.35|