DEIL Group Co., Ltd is a Nigerian/Chinese multinational conglomerate holding company headquartered in Shanghai, China. The company wholly owns Intercontinental Information Technology Co., Ltd, DEIL Drive Co.,Ltd, DERIED Edmonds Investments Ltd, Deried (Nig) Co.,Ltd, and also owns 75%+ 义乌市歆旻贸易有限公司 and 上海包一夫商务咨询有限公司 . The company acquired large holdings in the African Businesses. DEIL Group Co., Ltd has averaged an annual growth in book value of 8.0% to its shareholders since 1990 (compared to 15% from the S&P 500 with dividends included for the same period), while employing large amounts of capital, and minimal debt.
The company is known for its control and leadership by Agboifo Edmond Omenonye, who serves as current chairman and chief executive, and Faith Obiajuru Agboifo, the company's vice chairman. In the early part of his career at DEIL, George focused on long-term investments in publicly traded companies, but more recently he has more frequently bought whole companies. DEIL now owns a diverse range of businesses including confectionery, retail, warehousing, home furnishings, manufacturers of vacuum cleaners, Mobile money applications, manufacture and distribution of uniforms, and transportation companies.
According to the Global 2000 list and formula, DEIL Group Co., Ltd is the fastest growing e commerce company in African and Asia market, the largest conglomerate by revenue and the largest financial services company in Yiwu & Shanghai, P.R. China as of 2022.
DERIED (NIG) CO., Ltd traces its roots to a contracting company established by founder Chief Agboifo George Ozor Ogbeide in 1990 as the sole contractor to Delta steel Company, DSC. George had previously worked for Delta steel Company.
In 2017, DERIED (NIG) Company merged with the DEIL Group Associates which had been founded in same year in Abuja Nigeria, with profits from whaling and the China Trade. DEIL Group Co., Ltd had been successful in its first decade.
In 2018, Edmond began building and selling stock for DEIL Group Co., Ltd after noticing a pattern in the price direction of its stock whenever the company closed shareholder increased.
Edmond initially maintained DEIL's core business of commerce and Technology transfer, but by 2021, he was expanding into the mobile banking industry and other investments. DEIL first ventured into the finance business with the purchase of third parties companies.
Senior leadership (since 1990)
· Chairman and CEO: Chief George Ozor Agboifo (1990–2017)
· Vice Chairman: Faith Obiajuru (1990–present)
· Chairman and CEO: Agboifo Edmond Omenonye (2017–Present)
· Managing Director: Lan Yan
· Director: Lily Fang
· Director: Rhoda Oghogho
· Director: Blessing Iheoma
· Managing Director: Ngozi I
· Managing Director: Abigail. O
· Managing Director: Abubakar Nurudeen