Top 100 Businesses in Nigeria 2014

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“ Nigeria has become the preferred location for investment in Africa, and one of the leading investment destinations in the World. The economic transformation of our country will be underpinned on mobilizing local and foreign investments to create jobs for our people, wealth for our investors, income for our nation, and dignity for all Nigerians. This is a vision we are committed to…this is a goal we will achieve.”

His Excellency Dr Goodluck Ebele Jonathan, GCFR President of the Federal Republic of Nigeria

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“ Nigeria is open for business” The announcement of the Top 100 Businesses in Nigeria is something that will be heard around the world. As much as a place on the list is a position of honour and a record of Nigeria’s gratitude, it is also a clarion call to ambitious businesses in all nations that we are open for business.

We have the resources. We have the investment. We have the skills, the people and the infrastructure. And now, when the world’s most prestigious organisations wish to partner with the best in Nigeria, they know exactly who to talk to. is Excellency, Architect Namadi Sambo, GCON H Vice-President, Federal Republic of Nigeria

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“ It is clear that Nigeria is the place to do business in Africa. The smart money knows this, and shrewd investors cannot ignore these opportunities. We use the Top 100 Business Series to celebrate those who lead the way in corporate Nigeria, and push the economic frontiers. We recognize their contributions to our country, their commitment to the Nigerian people. They are our stars today, and we are confident they will help us shape the future� lusegun Aganga, CON O Minister of Industry, Trade and Investment

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Selection Criteria In assessing the companies on this list, the Selection Committee has adopted similar criteria adopted by Fortune 500.

Information has been checked and verified with the following: • • • •

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C orporate Affairs Commission F ederal Inland Revenue Service N igerian Stock Exchange F inancial Reporting Council of Nigeria

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Gross Domestic Product 2013 SOURCE: THE WORLD DATA BANK databank.worldbank.org/data/

With a GDP exceeding US$500 billion, Nigeria is the leading economy in Africa, and one of the fastest growing economies on the continent. The Nigerian economy remains largely private sector driven with investors doing business across all spheres of the economy, including: industry, agriculture, oil and gas, solid minerals, information and communication technology, real estate, transport and logistics.

Ranking Economy (millions of US$) 1 United States 16,800,000 2 China 9,240,270 3 Japan 4,901,530 4 Germany 3,634,823 5 France 2,734,949 6 United Kingdom 2,521,381 7 Brazil 2,245,673 8 Russian Federation 2,096,777 9 Italy 2,071,307 10 India 1,876,797 11 Canada 1,826,769 12 Australia 1,560,597 13 Spain 1,358,263 14 Korea, Rep. 1,304,554 15 Mexico 1,260,915 16 Indonesia 868,346 17 Turkey 820,207 18 Netherlands 800,173 19 Saudi Arabia 745,273 20 Switzerland 650,377 21 Argentina 611,755 22 Sweden 558,949 23 Nigeria 521,803 24 Poland 517,543 25 Norway 512,580 26 Belgium 508,116 27 Venezuela, RB 438,284 28 Austria 415,672 29 Thailand 387,252 30 United Arab Emirates 383,799 31 Colombia 378,148 32 Iran, Islamic Rep. 368,904 33 South Africa 350,630 34 Denmark 330,614 35 Malaysia 312,435 36 Singapore 297,941 37 Israel 291,357 38 Chile 277,199 39 Hong Kong SAR, China 274,013 40 Philippines 272,017 41 Egypt, Arab Rep. 271,973 42 Finland 256,842 43 Greece 241,721 44 Pakistan 236,625 45 Kazakhstan 224,415 46 Iraq 222,879 47 Portugal 220,022 48 Ireland 217,816 49 Algeria 210,183 50 Qatar 202,450

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Why is it Important to Recognise the Top 100 Businesses in Nigeria?

“Brand Nigeria” National Inspiration Our large businesses are a source of national inspiration, and are a core part of ‘brand Nigeria’. They inspire our nation on what is possible in Nigeria. These businesses have emerged in towns and cities all across the country; for each company the story is unique, and for each investor the journey reveals the greatness of Nigeria. Each of our leading companies should be identified, and each of them should be celebrated.

The Transformation Agenda The administration of President Goodluck Ebele Jonathan, GCFR, recognizes the contribution of major investors to Nigeria, and their role in building a great Nigeria.

Investors give life to the Transformation Agenda, by growing enterprises, operating businesses, providing jobs, and creating wealth for the nation. The Nigeria Top 100 Business Series, initiated by the Federal Ministry of Industry, Trade, and Investment, is our nation’s first formal platform to engage our leading corporations and investors in Nigeria.

Through this we recognise the efforts of Nigeria’s leading businesses, and through this we charge them to do more.

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Top 100 businesses in Nigeria 2014 1. ExxonMobil Nigeria - Oil & Gas For over 100 years ExxonMobil’s affiliates have been working in Nigeria. Today ExxonMobil’s business in Nigeria is conducted through individual operating companies. These include: • Mobil Producing Nigeria Unlimited, which, together with its joint venture partner, NNPC, operates over 90 offshore platforms and 300 producing wells, with a capacity of over 550,000 barrels of oil equivalent every day.

• Esso Exploration and Production Nigeria Limited, operator of the Erha deepwater oil and gas development.

• Mobil Oil Nigeria, one of Nigeria’s 6 major petroleum products marketers, with over 200 retail outlets spanning every state in Nigeria.

2. Shell Nigeria - Oil & Gas Shell has been active in Nigeria since the 1930s and at the forefront of developing Nigeria’s natural gas resources since the 1960s. Its businesses include: • Shell Petroleum Development Company of Nigeria Limited (SPDC).

• Shell Nigeria Exploration and Production Company of Nigeria Ltd (SNEPCo), operator of the Bonga, Nigeria’s first deepwater oil discovery.

• Shell Nigeria Gas (SNG), the only international oil and gas company to set up a gas distribution company in Nigeria to supply industry customers; and • Nigeria Liquefied Natural Gas (NLNG).

Between them, SNDP and SNEPCO directly employ more than 4,000 people, almost 95% of whom are Nigerians.

Indirectly, Shell in Nigeria supports 30,000-40,000 jobs every day.

3. Chevron Nigeria - Oil & Gas Chevron began its long history of doing business in Nigeria in 1913 when Texaco® products were first marketed in the country. In 1978 Chevron divested 40 percent of its shareholdings to the Nigerian public while retaining 60 percent equity in Chevron Oil Nigeria PLC. In 1996, the company built its 103,000-barrel state-of-the-art storage terminal and loading facility in Apapa.

Today, Chevron in Nigeria operates under a joint-venture arrangement with the Nigerian National Petroleum Corporation and has assets on land and in swamp and near-offshore concessions covering approximately 2.2 million acres (8,900 sq km) in the Niger Delta region.

Chevron also has extensive interests in deepwater Nigeria and operates the Agbami Field, one of Nigeria’s largest deepwater discoveries.

4. Nigeria LNG Gas Power - Gas Processing Every year, Nigeria LNG Limited (NLNG) converts over four trillion cubic feet (4tcf) of associated gas to liquefied natural gas (LNG) and natural gas liquids (NGLs) for export and domestic uses. The company also supplies about 80% of total cooking gas to the Nigerian domestic market.

NLNG is a joint venture between NNPC (49%), Shell Gas BV, SGBV, (25.6%), Total LNG Nigeria Limited (15%), and Eni International (N.A.) N. V. S. a. r. l (10.4%). It has two subsidiaries: the Bonny Transport Company with 24 dedicated ships and Nigeria LNG Ship Management Limited, responsible for vessel and crew management of NLNG fleets across the globe.

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5. Total Nigeria - Oil & Gas For over 50 years, Total Nigeria Plc, a marketing and services subsidiary of Total, has been a leader in the Nigerian oil and gas industry. Downstream, its network of over 500 service stations take petroleum to every corner of the country, and deliver aviation fuels and lubricants across Nigeria.

Upstream the company has become one of Nigeria’s largest oil and gas producers through its involvement in more than 50 permits, including nine as operator.

Total Group activities in Nigeria are carried out by Total E&P Nigeria Limited (TEPNG), Total Upstream Nigeria Limited (TUPNI) and various other Total E&P deepwater subsidiary companies. The Total Group is also active in the commercialization of Nigerian gas through Total LNG Nigeria Limited and Brass Holding Company Limited.

6. MTN Nigeria - Telecommunications In January 2001, MTN paid $285m for one of four GSM licences in Nigeria. Since then, the company has continued to build mobile telecommunications infrastructure across the country.

Today, MTN boasts 210 million subscribers across Africa and the Middle East. In Nigeria, MTN connects 55 million subscribers in 223 cities and towns and more than 10,000 villages and communities.

The company is continuing with its infrastructure development programme, which by 2015 will have seen $15 billion invested in networks, fixed assets and facilities nationwide.

7. Dangote Group - Conglomerate The Dangote Group was established in May 1981. Although focusing initially on cement, the business rapidly diversified. An ambitious construction programme during the 2000s added flour mills, a sugar refinery and pasta factory to the company footprint. In 2003 the group commissioned the Obajana Cement Plant; the largest cement plant in sub-Saharan Africa.

Today, the Dangote Group is one of the most diversified business conglomerates in Africa with activities encompassing cement, sugar, salt, flour, pasta, noodles, poly products, logistics, telecommunications, port operations and real estate.

The group is one of the largest manufacturing conglomerates in sub-Saharan Africa and continues to pursue ambitious expansion activities, entering new sectors and further fulfilling its mission of touching the lives of every Nigerian by providing their basic needs.

8. Oando - Oil & Gas In 2003, Oando Plc was formed when Ocean and Oil Services Limited acquired a controlling interest in Unipetrol Plc and 60% shares of Agip Nigeria Plc. With its new identity the company set about expanding its oil and gas footprint. Today, it produces premium motor spirits and lubricants, bitumen, kerosene and insecticide, and has become the biggest indigenous oil and gas company in Nigeria.

In November 2005, Oando became the first African company to accomplish a cross-border inward listing on the Johannesburg Stock Exchange (JSE). In 2008, Oando was Nigeria’s first indigenous oil company with interest in deep water assets. And only recently Oando completed a landmark acquisition of ConocoPhillips in a US$1.65 billion transaction that will expand the company’s upstream production capacity by 50,000 barrels of oil per day.

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9. Eni Agip/Saipem Nigeria - Oil & Gas Eni is an energy company active in over 70 countries. Eni has been active in Nigeria since 1962 through its wholly owned subsidiary Nigerian Agip Oil Company (NAOC). Today Agip’s operations in Nigeria are carried out by three companies: NAOC, Agip Energy and Natural Resources (AENR), and Nigerian Agip Exploration (NAE).

NAOC operates in the land and swamp areas of the Niger Delta, under a joint venture agreement with NNPC (60%), NAOC (20%), and ConocoPhillips (20%). AENR is delivering the service contract with NNPC in OML 116, offshore Niger Delta. NAE manages Agip’s Nigerian deep offshore exploration and production assets.

Also part of Eni Group is Saipem Nigeria, a subsidiary of Saipem, the international turnkey contractor to the oil and gas industry. From its headquarters in Lagos and an operational base in Port Harcourt, Saipem Contracting has carried out a broad range of construction projects, developing the country’s oil and gas infrastructure.

10. FirstBank - Financial Services Since launching in 1894, FirstBank has established itself as a brand of strength and dynamism. Its vision is to be the leading international banking group in Sub Saharan Africa. Today, First Bank services over 8.5 million active customer accounts from 867 business locations spread across 11 countries.

Its broad range of products and services include investment banking, commercial banking, asset management and insurance. In 2013, FirstBank expanded its operations with the acquisition of the West African operations of the International Commercial Bank.

The company now employs 9,563 people worldwide, with the bulk of its business remaining in Nigeria.

11. Zenith Bank - Financial Services Zenith Bank was founded in 1990, and was listed on the Nigerian Stock Exchange in 2004. In 2013, the bank listed $850 million worth of its shares on the London Stock Exchange. It is ranked the sixth largest bank in Africa.

The bank has over 500 branches and business offices in prime commercial centres in all states of the federation and the FCT. The bank also has subsidiaries and/or offices in Ghana, Sierra Leone, Gambia, South Africa and The People’s Republic of China.

Zenith is a proud early adopter of new technologies and scored several firsts in the development of digital banking and the deployment of ICT infrastructure across Nigeria.

12. CNOOC Oil - Oil & Gas The Chinese National Offshore Oil Corporation (CNOOC) Group is the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production companies in the world. CNOOC mainly engages in exploration, development, production and sale of oil and natural gas.

In Nigeria, the company owns a 45% interest in the OML 130 block in Nigeria, a deepwater project comprising four oilfields: Akpo, Egina, Egina South and Preowei. The Akpo oilfield commenced production in March 2009 and in 2013 average daily production reached approximately 61,300 barrels.

In 2013, TOTAL SA, the operator of the Egina project announced that the final investment decision for the Egina field had been approved.

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13. Addax Petroleum - Oil & Gas Addax Petroleum is an international oil and gas exploration and production company with a strategic focus on Africa, the Middle East and the North Sea. Addax Petroleum’s operations in Nigeria began in 1998 when the company signed two production sharing contracts with the NNPC. Following the acquisition, Addax Petroleum grew by further acquisition of oil properties deemed by others to have limited remaining production potential. The company used its strong in-house technical and operational expertise to grow reserves and production.

Today, Addax Petroleum’s producing assets in Nigeria include 11 field complexes with around 60 production wells in concession OML123, 2 fields with 20 producing wells in concession OML 124, and 2 fields with 14 production wells in concession OML126.

14. Stallion Group - Conglomerate Stallion is one of Nigeria’s most highly diversified conglomerates. Its production interests including rice, fertilizers, edible oil, sugar, building materials and more. Its service sector covers shipping, vehicle leasing, home automation, office technologies, transportation and sustainability. And industrially, Stallion’s operations include rice milling, plastics, packaging, steel and vehicle assembly.

The group also manages an exclusive portfolio of automobile brands including Honda, Hyundai, Porsche, Volkswagen, Audi, Skoda, Mahindra and Ashok Leyland.

40 years of continued growth have been supported by heavy investment in infrastructure including warehousing, cold storages and factories. Today, Stallion employs thousands of local people, supporting its corporate strategy of organic growth, backward integration, industrial focus and replication.

15. United Bank of Africa - Financial Services UBA’s history began in 1948, but today’s bank was created by the merger of UBA and Standard Trust Bank. A series of acquisitions have followed, giving UBA interests in 18 African subsidiaries contributing about 20% of the group’s balance sheet (with a target of contributing 50%).

UBA has one of the largest distribution networks in Nigeria, with 605 branches offering the company’s products and services, which include corporate banking, personal banking and e-banking services.

In a long history of achievement, highlights include being the first Nigerian Bank to surpass the N1 trillion balance sheet size (including contingents), in 2006; the first ever successful merger in Nigerian banking history – 2005; and the first and only Nigerian Bank to obtain a banking licence in the Cayman Islands -1988.

16. Globacom - Telecommunications Globacom Limited, the groundbreaking Nigerian mobile services provider, boast millions of service subscribers across Nigeria, the Republic of Benin and Ghana.

With a mission to be recognised as the biggest and best mobile network in Africa, Globacom has become the first single company to build a high-capacity sub marine fibre-optic cable, popularly known as Glo-1. It is the first successful submarine cable from the United Kingdom to Nigeria. The resulting increases in internet speeds and download rates are enabling Globacom to deliver significant improvements in online technologies.

The company has a workforce of 3,000 (including consultants).

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17. Airtel - Telecommunications Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa. Its headquarters are in New Delhi, India and the company ranks amongst the top 5 mobile service providers globally in terms of subscribers, with over 264 million global customers across its operations.

In terms of customers, 2014 saw Airtel become the second largest telecommunications service provider in Nigeria, continuing the progress towards achieving the company’s vision of being “the loved brand in the daily lives of Nigerians by 2015”.

18. Guaranty Trust Bank - Financial Services Guaranty Trust Bank plc launched its operations in 1991, was publicly quoted on the Nigerian Stock Exchange in 1996 and gained its universal banking licence in 2002.

Since then, the bank has achieved a series of notable firsts including becoming, in 2007, the first Nigerian financial institution to undertake a US$350 million regulation S Eurobond issue and a US$750 million Global Depositary Receipts (GDR) offer. The bank was the first Nigerian company and African bank to be listed on the main market of the London Stock Exchange. And in 2011, the bank successfully launched the first non-sovereign benchmark bond from sub-Saharan Africa (outside South Africa), to the international community.

Guaranty Trust Bank has an asset base of over N2 trillion and employs over 10,000 people across its operational territories in Nigeria, Cote d’Ivoire, Gambia, Ghana, Kenya, Liberia, Rwanda, Sierra Leone, Uganda and the United Kingdom.

19. Access Bank - Financial Services When Access Bank first opened its doors in 1988 its vision was to be the world’s most respected bank. Today, it has 403 branches, 345 of which are in Nigeria. A global workforce of 13,903 continues to deliver the bank’s watchwords of “speed, service and security”. They do this through 4 strategic business units centred on corporate and investment, commercial, business and personal and private banking.

Access Bank continues to work towards being the world’s most respected bank and has set out a challenging set of targets to bring it closer to its vision by 2017. These include being the preferred African bank in Africa’s most attractive markets, and ranking 1st, 2nd or 3rd in each market the bank serves.

20. Oriental Energy - Oil & Gas Oriental is a privately held oil and gas exploration and production company. Founded in 1990, the company currently has three assets under development in offshore Nigeria. These include the Ebok Field (OML 67), Okwok Field (OML 67) and OML 115.

Through aggressive exploration and drilling programs, the Ebok Field started production in 2011, initiating the largest development programme for an independent Nigerian oil company to that date. In the first half of 2013, gross production at the Ebok field was 33,884 bopd, a year-on-year increase of 16 per cent.

Oriental plans to bring the Okwok Field online in 2015 with OML 115 following shortly thereafter. Oriental has also developed an offshore production hub centred on the established Ebok Terminal which is used for the storage and offloading of crude oil.

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21. Famfa Oil - Oil & Gas Famfa Oil is the highest-positioned Top 100 Business to be owned and run by a woman, Folorunsho Alakija, the company’s founder.

Famfa Limited was incorporated in September 1991 and awarded the leasehold rights to OPL 216 in August 1993. In February 1996, the company changed its name to Famfa Oil Limited, with the vision of being the leading indigenous oil and gas exploration and production company in Nigeria.

Today, Famfa Oil and its partners continue to develop the Agbami oil field, one of the deepest, largest offshore discoveries in the gulf. Famfa Oil has the capacity to produce 250,000 barrels of oil a day via the Agbami FSPO, one of the world’s largest floating production, storage and offloading vessels. Operations in the field are expected to continue until 2024.

22. Practoil Limited - OIl & Gas Incorporated in 1997, Practoil Group has interests in oil and gas, manufacturing, construction and real estate.

Practoil Limited is one of Nigeria’s largest importers and blenders of base oil and has established a solid relationship with major oil refineries and distribution companies all over the world. The company also imports, exports, stores and distributes petroleum products within and beyond Nigeria.

The Practoil Group also comprises Voyage Oil & Gas Limited, one of Nigeria’s leading indigenous crude oil traders; Bolmus International Limited, a major real estate development company; and Heavywind Integrated Services Company Limited, the group’s construction subsidiary, with a gross project value in excess of N10 billion.

23. N igerian Breweries plc - Foods & Beverage Manufacturing Nigerian Breweries Plc, the largest brewing company in Nigeria, produced its first bottle of STAR lager beer in 1949.

Since then, the company has expanded operations and its brand portfolio. Today, Nigerian Breweries produces 11 famous brands including Star, Gulder, Amstel Malta and Heineken.

In October 2011, Nigerian Breweries acquired majority equity interests in Sona Systems Associates Business Management Limited (Sona Systems) and Life Breweries Limited from Heineken N.V. The acquisition brought with it two more breweries and three more brands: Goldberg lager, Malta Gold and Life Continental lager.

Nigerian Breweries now has eight operational breweries and ultra-modern malting plants in Aba and Kaduna. The company currently exports to the United Kingdom, European Union and the West African sub-region.

24. Flour Mills of Nigeria - Conglomerate The “home of good food” has been a force to reckon with in wheat milling in Nigeria for over half a century.

Its flagship brand, Golden Penny, remains one of the most trusted names amongst bakers, confectioners and consumers.

Flour Mills has invested over N25billion in milling infrastructure over the last seven years to maintain its competitive advantage. Today, the company has a rated milling capacity of over 8,000 metric tons per day, making it one of the largest single site mills in the world.

Flour Mills also engages in the import and distribution of bulk cement, operates a cement joint venture (UNICEM) with Holcim of Switzerland and Lafarge France at Mfamosing, Cross Rivers State. It imports and distributes high grade fertilizer, has made significant investments in power generation, and owns a 70% stake in BAGCO, one of the largest suppliers of industrial sacks to the agro-allied industry in Nigeria.

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25. Diamond Bank - Financial Services Diamond Bank was incorporated as a commercial bank in 1990. In 2001, the company’s banking licence was upgraded to offer universal banking services.

In January 2005, following a highly successful share offering via a private placement which substantially raised the bank’s equity base, Diamond Bank became a public limited company. In May 2005, the bank was listed on The Nigerian Stock Exchange and in January 2008 its Global Depositary Receipts were listed on the Professional Securities Market of the London Stock Exchange.

The bank has more than 200 branches in cities and commercial centres across Nigeria and a further 14 branches via its Benin subsidiary. Diamond Bank has won numerous awards, including the prestigious “Nigerian Bank of the Year, 2009”.

26. Ecobank Nigeria Limited - Financial Services Ecobank Nigeria Limited is part of ETI, a parent company intent on building a world-class pan-African bank which contributes to the economic and financial integration and development of the African continent.

ETI has grown from a conservative wholesale banking institution to a big banking corporation with a strong retail focus, principally achieved through acquisitions across Africa.

Ecobank Nigeria, a key subsidiary of ETI, operates a consolidated on-line, real time branch network in over 600 locations across the country.

ETI was listed on the Nigerian Stock Exchange in 2006. It employs 19,546 across its operation.

27. Julius Berger - Engineering Services & Construction When Julius Berger was awarded a contract to engineer, build and construct the Eko Bridge in Lagos, the foundations were laid for a long commitment to Nigeria. Since that first project in 1965, Julius Berger has been a pivotal partner in the building of the country’s industrial and civil infrastructure, and also a key collaborator in the development of Nigeria’s new capital, Abuja.

Today, the company maintains its role as an integral partner in Nigeria’s construction industry, laying the foundations for the country’s economic progress and development.

Whilst the core business remains construction, the company also offers a wide range of related services including design, engineering, procurement, operation and maintenance.

Julius Berger’s head office is located in Abuja FCT. Additional permanent locations are in Lagos and Uyo, and the company has an ever evolving presence in structural engineering and infrastructure works across the country.

28. BUA Group - Conglomerate When BUA Group started business in 1988 it specialized in the import and marketing of iron & steel, agricultural and industrial chemicals. Rapid development over the following years have seen BUA diversify its business and it now operates across a wide range of business sectors.

Today, the company’s interests include manufacturing, port concessions, real estate development, oil & gas and shipping. Acquisitions and business interests include the Cement Company of Northern Nigeria (CCNN), Edo Cement, BUA Cement PH, BUA Flour Mills, BUA Oil Mills, BUA Ports & Terminals and real estate development projects across northern Nigeria.

The company has also started to manufacture refined sugar from the BUA Sugar Refinery, following its acquisition of Lafiagi Sugar Company.

BUA Group has operational offices across Nigeria, with its headquarters in Lagos.

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29. Conoil - Oil and Gas Conoil Plc is one of the first and largest indigenous oil marketing companies in Nigeria. The company supplies products including LPG and kerosene for domestic consumption, automotive fuels and lubricants for vehicles, and fuels and solvents for industrial applications.

The company became Conoil Plc in 2002, having formerly been known as National Oil and Chemical Marketing Plc (although its origins can be traced back to 1927 and the Shell Company of Nigeria).

Conoil has 268 upgraded retail outlets and a sizeable number of ultra-modern, all-purpose service stations in strategic parts of the country. In 2004, Conoil pioneered the use of non-space pumps in the dispensing of fuel in filling stations in Nigeria.

30. Etisalat Nigeria - Telecommunications When Etisalat made the first official call on its network on 13 March 2008, it was the first of many millions.

Launching full commercial operations in October 2008, the company has since welcomed over 17 million subscribers to its network.

Etisalat is the trading name for Emerging Markets Telecommunication Services (EMTS). The company is Nigerian, but part of the Etisalat Group, a United Arab Emirates telecommunications provider operational since 1976.

Etisalat has received many awards and endorsements for its innovation and service. After barely six months of operations in Nigeria, the Nigerian Communications Commission (NCC) pronounced Etisalat Nigeria’s best network based on quality of service indices. In November 2012, Etisalat received the NCC for Excellent Customer Service.

Other notable awards have included Brand of the Year, Best Telecoms Customer Service and Most Innovative Mobile Operator.

31. Southern Gas Constructors Engineering Services & Construction

32. FCMB - Financial Services When First City Merchant Bank was licensed in 1982 it became the first local bank in Nigeria to be established without government support.

Today, First City Monument Bank (the name was changed in 2001 following the transformation to a universal bank) has 2 million customers, N1 trillion in assets and over 270 branches across Nigeria. The bank has a licensed banking subsidiary in the United Kingdom (FCMB UK) and a representative office in the Republic of South Africa.

The company’s mission is threefold: customer advocacy, to be a great place to work and to deliver superior, sustainable returns to its shareholders. Having already successfully transformed itself into a retail and commercial banking-led group, the bank continues to pursue its vision of taking its unique brand of supportive banking to every household in Nigeria.

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33. J agal Group\Globestar Engineering Co Nigeria Engineering Services & Construction Globestar, together with its Nigerian engineering partner: Global Oceon, completes large scale engineering projects for the oil and gas industry in Nigeria. Its projects include deepwater umbilicals, risers and flowlines, conventional field development, and fleet rejuvenation and enhancement across Nigeria and West Africa.

At its fabrication yard in Warri, Globestar became the first company to fabricate deepwater subsea production manifolds in Nigeria. The yard’s capacity to deliver 1 million man-hours of engineering expertise per year, from its 300+ employees (90%+ Nigerian) means the business is able to quickly adapt to the changing demands of its clients..

Forte Group - Oil & Gas Forte Oil operates majorly in the downstream sector of Nigeria’s oil and gas industry, but has diversified its businesses into other sectors of the energy value chain. The company’s lines include retail petroleum products (PMS, AGO, HHK), marine and commercial sales, chemicals, domestic gas and air fuels.

The company also manufactures and distributes a wide range of lubricants at its plant in Apapa, Lagos. The plant is capable of producing up to 50,000 metric tons of about 100 different grades of lubricating oils annually.

Forte Oil began life as British Petroleum of Nigeria, then African Petroleum. In May 2007, Zenon Petroleum & Gas Limited became the company’s majority shareholder. The resulting rebrand and restructuring led to change of name to Forte Oil Plc and a consequent rebranding of 500+ retail outlets across the country.

35. Olam Nigeria - Agro Related Industries Olam Nigeria Limited is a leading agri-business, working across the value chain, from growing and sourcing raw commodities to processing, exporting and distribution, as well as manufacturing consumer packaged foods.

Olam Nigeria is a fully owned subsidiary of Olam International Limited, the global company that began sourcing its very first product – cashews – at the farm gate in Nigeria in 1989. The group now operates in 65 countries worldwide.

In Nigeria, Olam has been the largest non-oil exporter for the last 10 years.

In the past 25 years, Olam Nigeria has expanded from cashews into cocoa, sesame, cotton, rice, wheat milling, biscuits, confectionery, dairy products, noodles, beverages and kitchen ingredients such as tomato paste and seasoning.

The company employs 2,500 direct and 6,000 contract workers, and supports and partners 500,000 farmers across Nigeria.

36. Skye Bank - Financial Services In 2006, the merger of Prudent Bank Plc, Eko International Bank Plc, Reliance Bank Limited, Cooperative Bank Plc and Bond Bank PLC resulted in the formation of Skye Bank.

In the intervening years, Skye Bank has evolved into one of Nigeria’s leading financial institutions, with a team of more than 6,000 bankers and business experts delivering banking services from over 260 branches and transaction centres with the support of a N1 trillion balance sheet.

Despite the relative youth of its present incarnation, Skye Bank’s cumulative wealth of experience spans 50 years, giving it one of the most venerable histories of any bank in Nigeria. The company is quoted on the Nigerian Stock Exchange, whilst its 450,000 shareholders are part of a shareholding structure that ensures no one individual or company has more than 5% control.

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37. Fidelity Bank - Financial Services By 1999, Fidelity Bank had been successfully operating as a merchant bank for 11 years. Seeing emerging opportunities in the commercial and consumer financial services markets the company converted to a commercial bank, receiving its universal banking licence in 2001.

Today’s Fidelity Bank has grown thanks to a merger with the former FSB International Bank Plc and Manny Bank Plc (under the Fidelity brand name) in December 2005.

Fidelity Bank also enjoys the respect and partnership of a network of offshore institutions with which it has correspondent banking, confirmation lines, credit and other relationships. These include ANZ London, Afr-eximbank, Cairo; ABSA South Africa, Commerce Bank, Frankfurt; Citibank, N.A. London and New York; FBN Bank,UK Ltd, SCB, London; HSBC, US; Ex-im Bank, USAID and more.

38. Guinness Nigeria - Foods Manufacturing Guinness Stout was first exported to Sierra Leone in 1827 and soon became popular across West Africa. In 1963, Ikeja in Lagos became the first location outside the British Isles to brew the iconic dark beer. Two years later, in 1965, Guinness Nigeria was listed on the Nigerian Stock Exchange.

Over the following years Guinness developed more breweries in Nigeria to respond to growing demand for the company’s products. Today, the breweries in Lagos, Benin, Ogba and Aba produce Guinness Foreign Extra Stout, Guinness Extra Smooth, Malta Guinness, and Harp Lager beer. Other brands produced or distributed by the breweries include Gordon’s Spark, Smirnoff Ice, Armstrong Dark Ale, Satzenbrau Pilsner, Top Malt, Harp Lime, Dubic Extra Lager and most recently, Malta Guinness Low Sugar.

In 2012 Guinness Nigeria was voted the best place to work in Nigeria and received The Best Multinational Company in Nigeria award.

39. W estern Metals Products Company (WEMPCO) Metals and Steel WEMPCO has been a part of Nigerian industry for more than 40 years, manufacturing rod steel, flat sheets, nails and ceramic tiles for industries across the country.

The company has invested $250 million in building its own 52 MW power plant. And in 2013, President Goodluck Jonathan inaugurated the development of a $1.5 billion steel rolling mill at the company’s facility in Ibafo, Ogun State.

Once complete, the mill will produce 700,000 metric tonnes of steel annually, boosting Nigeria’s indigenous capacity to manufacture everything from train bodies and construction vehicles to refrigerator and washing machine casings.

The development will enable WEMPCO to produce around 65 percent of the 1.2 million tonnes of steel used annually in Nigeria, most of which is currently imported.

40. Nigerian Bottling Company - Foods Manufacturing The Nigerian Bottling Company Ltd is one of the country’s largest suppliers of non-alcoholic beverages and is the sole franchise bottler of The Coca-Cola Company in Nigeria.

The company produces, sells and distributes a wide range of beverages including leading brands such as CocaCola, Coca-Cola Light, Fanta, Sprite, Schweppes, Five Alive, Limca and Eva. The vast majority of the drinks the company produces in the local bottling plants are sold within the local region, refreshing around 160 million people in total. The organisation operates 13 plants, with a further 59 distribution centres ensuring its beverages reach all corners of Nigeria.

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41. Stanbic IBTC Bank - Financial Services When Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria, with that of IBTC Chartered Bank PLC it was by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history. The new entity was branded Stanbic IBTC. The bank’s advisory, transactional, wealth management and financing services are delivered through 180+ countrywide branches and its online banking platforms. The bank is also active in global markets and real estate.

The business’ key focus remains revenue generation, with the bank implementing strategies to reduce the cost of funds through lower cost liability sources.

42. FrieslandCampina WAMCO Nigeria Foods Manufacturing FrieslandCampina is one of the world’s five largest dairy companies. Every day, it provides millions of consumers all over the world with dairy products rich in nutrients.

In Nigeria, FrieslandCampina manufactures and sells its evaporated milk and powder products under the brand name Peak, a name synonymous with milk in Nigeria for over 50 years.

FrieslandCampina WAMCO Nigeria, the operating company under which FrieslandCampina operates in Nigeria, processes and sells huge quantities of milk powder from its base of operations in Lagos.

Its products ultimately find their way to consumers via an extensive distribution network providing Nigerians everywhere with affordable vitamins and nutrients beneficial to health.

43. South Atlantic Petroleum Limited - Oil & Gas South Atlantic Petroleum (SAPETRO) is a privately held Nigerian oil & gas exploration and production company with a portfolio of assets in West, Central and East Africa.

The company’s strategy is built on exploration, development and appraisal opportunities in developed and underexplored territories in Africa. Existing net acreage is in excess of 74,890 km², with SAPETRO aiming to become one of Nigeria’s largest oil producers.

In Nigeria, the company has interests in deep-water OML 130 and OPL 246, producing +170,000 bpd from the Akpo field. The company will add a further 200,000 bpd once the Ehina field comes on-stream in 2017.

Beyond Nigeria, the company has interests in Benin, the Central African Republic, the French Territory in the Mozambique Channel and Madagascar.

44. Union Bank - Financial Services Union Bank is primarily focused on commercial and retail banking in the real estate, agriculture and public financing sectors. It delivers its services from a network of some 400 business offices spread across Nigeria.

The bank has a number of subsidiaries and affiliate companies in Nigeria and across West Africa. These provide the company with a broader portfolio of financial services and products in retail & corporate banking, mortgage and real estate services, insurance, pensions, stock brokerage and asset management.

The Union Bank Group has a distinct interlocking organizational structure that ensures effective oversight of and participation by subsidiaries in the decision-making process. This helps to safeguard the bank’s investments.

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45. Ikeja And Egbin - Power Ikeja Electric (IE), was created as a result of the handover of the defunct Power Holding Company of Nigeria to NEDC/ KEPCO Consortium under the privatization scheme of the federal government.

Previously known as the Ikeja Electricity Distribution Company, the company has recently rebranded as Ikeja Electric, a corporate identity that reflects “the new spirit of dynamism, drive, innovativeness and service in the company.”

IE has a customer population of 657,444 spread across 11 business units including Abule-Egba, Akowonjo, Ikeja, Ikorodu, Ikotun, Ipaja, Odogunyan, Ogba, Ojodu, Oshodi and Somolu.

The Korean Electric Power Corporation (KEPCO) is IE’s technical partner, and currently generates about 84,000MW in capacity.

46. Lafarge - Building Materials Lafarge’s association with Nigeria started with cement in 2001 with the acquisition of Blue Circle. Today, the company has 8.5 MMT production capacity in Nigeria, with 4.5 MMT in WAPCO (Ogun State), 1 MMT in Ashaka (Gombe State), 2.5 MMT in Unicem (Cross Rivers State) and 0.5 MMT in Atlas (Rivers State).

Concrete operations started in 2011 with Lafarge Readymix Nigeria providing quality concrete solutions for a rapidly developing infrastructure. Readymix Nigeria has 4 plants and is growing rapidly.

Lafarge’s vision in Nigeria is to be the most trusted and preferred partner of Nigerian construction professionals and home builders, delivering trusted materials through its brands Elephant, Ashaka and Atlas. Additionally, the company provides technical assistance to its customers as part of its goal of Building Better Cities.

47. Nestlé Nigeria plc - Foods Manufacturing Nestlé Nigeria Plc, part of the Nestle Group, belongs to Nestlé’s Central and West Africa Region. The company has a long association with Nigeria, commencing operations in 1960 although the first sales of Nestlé products date back to the early 20th century.

Today the food and beverage products it manufactures include infant formula and cereals, family cereals, confectionery, bouillon, table water, coffee and more.

Nestlé summarizes its strategic direction as ‘Good Food, Good Life’. The company operates under the principles of enabling customers in Nigeria and worldwide to be able to make healthy choices about the food and beverages they eat and drink, whilst acknowledging that “good food sometimes means treating yourself!”

48. S EPLAT Petroleum Development Company Oil & Gas SEPLAT Petroleum Development Company (SEPLAT) operates a portfolio of onshore producing oil and gas leases located in the Niger Delta. The company’s interest in the portfolio was acquired in a landmark transaction when SEPLAT negotiated a 45 percent participating interest in the oilfields from Shell and its partners.

Since its acquisition, SEPLAT has quadrupled gross oil production from the assets from 14,000 barrels a day to 60,000, in addition to growing its oil reserves.

The company has also made significant investments in its gas production capability and has a 40% participating interest in the Umuseti/Igbuku Fields (OPL 283) based on a 2013 agreement with Pillar Oil. In 2014, the company successfully listed on the main market of the London Stock Exchange (LSE:SEPL) and the Nigerian Stock Exchange (NSE:SEPLAT).

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49. Sahara Group - Oil & Gas When Sahara Energy Resource Ltd (SERL) started in 1996 its objective was to develop, facilitate and implement seamless and sustainable business processes between oil producers, oil marketers and oil traders, first in Nigeria and then worldwide. Since then, the organisation has expanded to become the Sahara Group, comprising 20 companies spanning the entire value chain.

In addition to its major achievements in the oil and gas sector, the group now has operations and assets in utilities, farming, infrastructure development and real estate with offices in Nigeria, Cote D’Ivoire, Ghana, Benin Republic, United Kingdom, Singapore, Switzerland, United Arab Emirates and Angola.

Today, the company continues to invest in human capital development in its locations across the globe to ensure that it is equipped to navigate boundaries, and explore and develop opportunities in the energy sector.

Sahara Group currently has 656 employees.

50. Indorama Eleme Petrochemicals - Oil & Gas Indorama Eleme Petrochemicals Limited (IEPL) is the largest integrated Olefins producer in West Africa. From its base in Port Harcourt, Rivers State, IEPL produces a range of polyethylene and polypropylene products to satisfy the demands of growing plastic processing industries in Nigeria, across Africa and in other parts of the world.

Through its strategic positioning as a leading supplier of poly-olefins to over 200 plastic processing companies across Africa, the US, Asia and Europe, and in recognition of its export record, the company was awarded the prestigious Presidential Award for Exports by the Nigerian Export Promotion Council (NEPC) in 2011.

IEPL employs more than 1,200 Nigerians.

51. RCC Nigeria - Construction Reynolds Construction Company (Nigeria) Limited is a subsidiary of SBI International Holdings AG (SBI), whose first foray into Nigeria was in 1956 when it established a construction company called Nigersol Construction Company Limited to design and build the Obafemi Awolowo University, Ile Ife (formerly University of Ife).

Today, RCC is the flagship of SBI’s Nigerian operations with construction projects including roads, hydrotechnical developments, hotels, offices and embassies.

The company also operates quarries and plants, to secure the high quality materials its projects demand.

52. Setraco - Construction Setraco Nigeria Limited is a member of Setraco Group, a multinational engineering and services group operating in the Middle East and West Africa for the public and private sectors.

For over 35 years, Setraco Nigeria Limited has delivered value-added civil and infrastructural engineering projects across Nigeria. The company was established in 1977, constructing township and district roads in what was then Bendel State.

In the years since, the company has rapidly grown to become one of the largest construction companies in Nigeria specialising in roads and bridges, and the production of asphalt and aggregate.

With a presence today in over 15 states, Setraco continues to play a key role in developing Nigeria’s infrastructure.

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53. Sterling Bank - Financial Services In January 2006, When NAL Bank completed a merger with Magnum Trust Bank, NBM, Trust Bank of Africa and Indo-Nigeria Merchant Bank (INMB) in January 2006, the resulting entity was named Sterling Bank.

In mid-2011, Sterling Bank Plc acquired the franchise of the defunct Equitorial Trust Bank (ETB), effectively enhancing Sterling Banks’ position within the Nigerian banking industry.

Today, the bank delivers its “one customer” service of private and commercial banking services via 160+ business offices complemented by 3,800 alternative delivery channels nationwide.

54. UAC of Nigeria plc - Conglomerate UAC of Nigeria Plc (UAC) is a holding company with strong regional and international partnerships that contribute to its goal of delivering sustainable growth. Its interests span many sectors and industries, and include foods and beverages, real estate, paints and logistics.

The company’s brand portfolio includes Gala Sausage Roll, Mr Biggs, Snaps, Funtime Coconut Chips, Supreme Ice Cream, Delite Fruit Juice, Swan Natural Spring Water, Gossy Warm Spring Water, Dulux, Grand Soya Oil and Grand Groundnut Oil, Vital Feeds, Livestock Feeds and Sandtex.

UAC operates a series of successful joint ventures in the food and beverage sectors and real estate, and also a technical collaboration in its paint business.

Its mission of being number one in its numerous markets - and its drive for exceptional value delivery - is encapsulated in the company slogan: “…doing good.”

55. PZ Cussons plc - Consumer Goods PZ Cussons operates across a wide range of industries including personal care, home care, food and nutrition, the manufacturing and sale of consumer products, electronic appliances and electricals.

Its consumer products line includes soaps, detergents, cosmetics, pharmaceuticals and confectionery items. The company’s electronic products include refrigerators, freezers, air conditioners, and also plastic containers.

George Paterson and George Zochonis opened their first branch office in Nigeria in 1899. In 1948, the company opened its first soap factory (PB Nicholis & Co Ltd) in the country.

Today, Nigeria is PZ Cusson’s largest and most diverse single market. The company currently employs over 3,500 people across its extensive network.

56. 7UP Bottling Company Plc Foods and Beverage Manufacturing The Seven-Up Bottling Company Plc is one of the largest independent manufacturers and distributors of soft drinks in Nigeria. Its brands include Pepsi, 7UP, Mirinda, Teem, Mountain Dew and Aquafina, which the company distributes to every corner of Nigeria through a network of over 200 distribution centres.

The company’s first bottle rolled off the production line on 1 October 1960 (auspicious timing with Nigeria’s independence) at its factory in Ijora, Lagos. Since then, 8 more manufacturing facilities have been brought online.

The total number of employees in Nigeria has risen to more than 3,500.

Seven-Up Bottling Plc was incorporated as a limited company in 1959 and became a public concern nearly two decades later. It is listed on the NSE.

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57. I badan Electricity Distribution Company (IBEDC) - Power IBEDC is the largest electricity distribution network in Nigeria. The company also owns a majority of the equity share of the Yola Electricity Distribution Company.

IBEDC’s franchise area includes Ogun, Oyo, Osun and Kwara states and parts of Ekiti, Kogi and Niger states, comprising a total customer population of 1,136,593 and a total installed energy capacity of 720.8 megawatts.

The company continues to grow its customer base, and is working to reinforce its network by making substantial investments in upgrades to injection sub-stations, distribution sub-stations and distribution lines.

IEDM has engaged the services of the respected Manila Electric Company as technical partner to provide technical and management services.

58. A mni International Petroleum Development Company - Oil & Gas Founded in 1993, Amni International Petroleum Development Company Limited (Amni) is an independent oil and gas exploration and production (E&P) company with its head office in Lagos.

Amni is a pioneer in the participation of independent companies in offshore fields in West Africa. It is experienced across the entire E&P lifecycle, acquiring and interpreting seismic data, undertaking drilling exploration and appraisal wells, and carrying out the field development that results in production.

Amni is a founding member of the Nigerian Association of Indigenous Petroleum Explorers and Producers (NAIPEC), an organization that engages the Nigerian Government on behalf of the indigenous Nigerian companies. Amni is also a member and supporter of the Nigerian Association of Petroleum Explorationists (NAPE), a leading body for the professional development of professionals in the oil and gas industry.

59. Unilever Nigeria Plc - Conglomerate Having been in Nigeria since 1923, Unilever Nigeria Plc is today one of the oldest surviving manufacturing organizations in Nigeria.

Over the years, Unilever Nigeria Plc has been a socially responsible and responsive organization that takes strategic actions for the improvement of the communities and environments in which it operates.

The company has made provision for assistance in fields of health, education/children welfare and potable water/ hygiene as part of its social responsibility programme in the Nigerian communities.

As of June 2010, Unilever Nigeria Plc, employs 944 people and had an annual turnover of around N55bn.

60. Unity Bank Nigeria - Financial Services Unity Bank Nigeria emerged from the largest merger in Nigerian banking history. As the largest financial services provider in Nigeria, Unity Bank has 240 offices across the country; is one of the largest employers in Nigeria and a major contributor to the GDP. As of December 2012, the bank’s total assets were valued at about US$2.45 billion (NGN: 396 billion), with shareholders’ equity of approximately US$322 million (NGN: 51.5 billion).

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61. Intels Nigeria Limited - Logistics and Services Intels Nigeria Limited is an experienced logistics services provider that pioneered the unique concept of “Integrated Transit and Supply Bases” inside Nigerian ports.

Started in 1982, Intels’ mission is to promote the development of the Nigerian economy via the oil and gas industry by addressing its core competences and fulfilling the corporate market’s outsourced logistics needs.

The company also facilitates engagement with, and sustained development of communities and maintains a healthy and cooperative partnership with government. Intels currently has 4,479 employees.

62. Dufil Prima Foods Plc - Conglomerate The Indomie brand of noodles has made a remarkable impact on the Nigerian culinary landscape in under two decades in the Nigerian market. It holds a formidable market share and continues to reap the benefits of buoyant growth in the noodle market.

The Dufil Group, which is a joint venture between Tolaram Group of Singapore and Salim Group of Indonesia, currently has 3 factories. The first, De United Foods Industries Limited, which was commissioned in 1995 in Ota Ogun State, was the first instant noodles manufacturing plant in Nigeria and the largest in Africa.

Further factories in Choba, Port Harcourt, Rivers State in 2011 and Kaduna in 2012 expanded production capacity to keep pace with ever-growing demand.

63. British American Tobacco Ltd - Consumer Goods British American Tobacco has been operational in Nigeria since 1912. The company was incorporated on July 11, 2000 and subsequently merged with the Nigerian Tobacco Company on November 6 of the same year.

British American Tobacco (Nigeria) Limited started export operations in 2006 and currently exports to 12 countries.

The company supports the livelihoods of many Nigerians, has contributed N213 billion in taxes over the last 10 years and generated export revenue in the amount of N16.18 billion in 2013 alone.

British American Tobacco Nigeria has also received accolades including the Most Valuable Corporate Tax Payer Award - Oyo State Government and Best Company of the Year in Corporate Social Responsibility (British American Tobacco Nigeria Foundation) in 2009.

64. UNICEM Nigeria - Building Materials The United Cement Company of Nigeria Ltd is a relatively young company, having been established in 2002 after acquiring the assets of Calcemco.

Within Cross River State, UniCem is one of the major industrial developments, and with its state-of-the-art Greenfield cement plant at Mfamosing, the company has the capacity to produce 2.5 million tons of cement annually.

The Company prioritizes corporate social responsibility and has received multiple recognitions for its CSR initiatives both at regional and national level.

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65. Arik Air - Aviation Arik Air runs a domestic, regional and international flight network operating primarily from two hubs: Murtala Mohammed International Airport, Lagos and Nnamdi Azikiwe International Airport, Abuja.

From the company’s HQ at the Arik Air Aviation Centre at Murtala Muhammed International Airport, Arik Air pursues its vision of creating an aviation industry of which Nigeria can be proud.

Founded in 2002 and launching commercial flights in 2006, Arik Air had carried its 10 millionth passenger by 2012.

Also that year the business was awarded Best Security & Safety Conscious Airline for the second consecutive year.

The following year, the organisation won Company of the Year at the Leadership Annual Conference in Abuja.

66. Elephant Group - Agro Related Conglomerate The Elephant Group imports, exports, produces, processes, markets and distributes agro commodities across Nigeria. Its products, particularly Elephant Fertilizer and Elephant Gold Rice have become popular household brands across the country – and increasingly across the sub region of West Africa.

Elephant Group businesses in Nigeria deal in food, fertilisers and oil, whilst further subsidiaries have been established in Ghana, Cameroun, Senegal, Niger and Cote D’Ivoire.

67. G eneral Electric Nigeria Engineering Services & Construction GE has been operating in Nigeria for over 40 years, with businesses spanning a number of key sectors including aviation, power generation, oil and gas, healthcare and transportation.

Today, GE in Nigeria employs over 500 Nigerians and serves over 100 public and private sector customers from its offices in Lagos, Port Harcourt, Omne and Abuja. Its current activities include: Power generation: Partnering with the Ministry of Power to support the development of 10GW of power over the next 10 years.

Healthcare: Partnering with the Ministry of Health to support the development of diagnostic centres in Nigeria.

Transportation: Partnering with the Ministry of Transportation to expand Nigeria’s locomotive fleet.

68. Procter & Gamble Nigeria - FMCG P&G, one of the world’s largest consumer packaged goods companies, was established in 1837. Since commencing production in Nigeria in 1992, P&G has invested billions of Naira in capital projects, including its plant in Ibadan, Oyo State and the recently constructed manufacturing plant in Ogun State.

P&G’s portfolio of leading brands include Pampers, Ariel, Always, Vicks, Oral B, Gillette, Duracell, Safeguard, Ambi Pur and the newly launched Camay.

The organization has an employee strength of over 5,000 direct and indirect employees, and continues to bring world-class standards to Nigeria as it meets the needs and budgets of its wide range of consumers in Nigeria.

The company’s consolidated investments in the country further position P&G Nigeria as a major production and export hub for the region, contributing to the diversification of the Nigerian economy in the non-energy sector.

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69. MRS Oil Nigeria plc - Oil & Gas MRS is a leading marketer of refined petroleum products, including quality gasoline, marine and aviation fuels, premium fuels, and lubricants. Its products reach consumers through a strategically spread network of approx 416 retail service stations and more than 215 third party-owned retail outlets.

MRS can trace its evolution back to 1913, when it began marketing petroleum products under the Texaco brand.

MRS was incorporated as a privately owned company in 1969 as Texaco Nigeria Limited, then became Chevron Oil Nigeria Ltd, and then MRS Oil Nigeria Plc in 2009.

Today the company is a major part of Nigeria’s downstream petroleum sector, and its fuels and lubricants reach markets in Cameroon, Benin, Togo and Cote d’Ivoire. The company also has a strong foothold in petroleum products marketing in the international market.

70. Promasidor Nigeria - Consumer Goods Promasidor was founded in 1979 by Robert Rose.

Promasidor Nigeria has achieved tremendous growth since 1993 when it commenced operations, and presently employs about 1,015 people across the country.

Today, Promasidor holds a leading position in the Nigerian powdered milk market with its Cowbell Milk brand, which has found its way into the hearts and homes of thousands of consumers.

Promasidor Nigeria also sells its products in many neighbouring countries, including Benin, Niger, Chad and the Central African Republic.

In 2012, Promasidor was nominated in three categories: Best Company in Human Rights & Gender, Best Company in Education and Best Company in Child Focused in the Social Enterprise Report and Awards 2012.

71. Honeywell Group plc - Conglomerate When the Honeywell Group was founded in 1972 it operated as a trader, importer and marketer of commodities including baking yeast, stock fish, glass and steel rods.

Today, the Honeywell Group has evolved to span many major sectors of the Nigerian economy. Its agro-allied interests provide healthy, nutritious and affordable food products to feed Nigeria’s growing population. In the infrastructure sector the Honeywell Group is helping to address Nigeria’s infrastructure challenges. And in real estate, energy, and the services sector, Honeywell continues to achieve value creation in a sustainable manner for the group and its stakeholders.

Through its additional portfolio investments, the group is also able to influence other sectors of the Nigerian economy, by providing capital to the financial services, telecommunications and security management sectors.

72. Eko Electricity Distribution Company (EKEDC) - Power Eko Electricity Distribution Company provides power to the southern part of Lagos State and Agbara in Ogun State, with a current customer population of 317,750.

The company is partitioned into 11 business units where 1,474 technical and 2,093 non-technical staff deliver the area’s power needs, maintain and update network capacity, and service customers.

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73. Matrix Energy Limited - Oil & Gas Matrix Energy Limited is a wholly indigenous and rapidly growing enterprise in the downstream sub-sector.

Within a decade of operations, it has grown from a modest supply & distributions operation to fully integrated petroleum products service provider with clients and suppliers all over the world.

Giving back to the society has always been a key commitment of the Matrix Group. In collaboration with volunteers from the community, the company ensures their contributions impact lives and eradicate poverty, disease and suffering.

74. Elizade Nigeria - Auto industry Elizade Nigeria started business as an automobile marketing company in 1971 and evolved into a dealership when Toyota vehicles and spare parts came to Nigeria in 1976.

Over the years, Elizade Nigeria has consistently been marketing, selling and servicing Toyota vehicles in Nigeria and is clearly ranked the number one Toyota dealer in Nigeria.

In 1996, Elizade Nigeria went into partnership with R.T Briscoe [a recognized Toyota dealer in Nigeria] and East Asiatic Company [EAC] Japan, to establish Toyota Nigeria Limited in Nigeria.

Today, Toyota Nigeria Limited is the sole importer and distributor of Toyota vehicles in Nigeria, with a turnover of about N33b, an authorized share capital of about N750m and a total asset base of about N8.1b.

75. Chi Group - Foods Manufacturing CHI Ltd is a part of the TGI conglomerate, with diverse business interests in everything from food to healthcare and engineering products.

Incorporated in 1982, CHI Limited, headquartered in Lagos, supplies healthy and refreshing fruit drinks, fruit juices and a range of dairy products to the Nigerian market. Its brands include CHIVITA premium 100% pure fruit juices, CHI EXOTIC fruit nectars, CHI Happy Hour fruit drink and CAPRI-SONNE fruit drinks.

CHI’s dairy products are sold under the brand Hollandia and include evaporated milk, UHT milk and drinking yoghurt. CHI also produces a range of snack foods including Muff the Muffins, Beefie Beef Rolls and Chi Superbite Sausage Rolls.

76. Standard Chartered Bank - Financial Services Although its legacy stretches back as far as 1894, the modern Standard Chartered Bank, a wholly owned subsidiary of Standard Chartered Bank Plc, headquartered in the UK, first opened its doors in September 1999.

Since then it has expanded to service 70,000 retail customers from 40 branches in Nigeria’s major cities, staffed by a growing team of 800 employees.

In addition to its retail banking arm, the bank has also built a distinctive capability in corporate finance and financial markets. It continues to be a leading figure in the upstream oil industry, having led and advised on most of the major upstream deals in the market in the past three years.

SCBN continues to achieve “best-in-class cost management and strong asset book management.”

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77. APM Terminals - Logistics and Services APM Terminals assumed operational responsibility for its two terminal facilities in Nigeria in 2006. The Apapa terminal, strategically located near Lagos, is the largest and best equipped container facility in the country, including a 55 hectare (136 acre) yard and 1,005 meters of quay.

Since taking control of the terminal, container traffic has practically doubled to an annual container throughput exceeding 600,000 TEUs. The facility handles nearly half of all of Nigeria’s containerized cargo movements and nearly 90% of the country’s inbound containers.

In 2013, APM completed a $135 million investment and expansion programme for the Apapa terminal, restoring a regular rail service to two major interior cities.

In addition, APM operates an inland container depot in Lagos, providing significant additional container storage capacity.

78. Cadbury Nigeria Plc - Foods Manufacturing Cadbury is a UK company, and in the 1950s Cadbury Nigeria Plc was founded to source cocoa beans from Nigeria.

Yet the Nigerian presence enabled Cadbury to do more than source raw materials from the area, and the company began to tap the opportunities for serving the local consumer-market with Cadbury’s world-famous products.

This began with a re-packing plant in the 1960s, which became a fully-fledged manufacturing operation in 1965.

Today, the company’s brands falls into 2 principal categories: refreshments (including brands such as Cadbury Bournvita, Tang, Tom Tom, Ahomka Ginger and Buttermint); and intermediate cocoa products, including cocoa powder, cake and butter.

Whilst much of what Cadbury Nigeria produces is sold to the fast-moving Nigerian market, it is increasingly exporting goods across West Africa.

79. Lee Group - Conglomerate The Lee Group is a conglomerate specialising in steel construction materials, footwear (under its APIN subsidiary the company produces more than 1.2 million pairs of shoes daily) and plastics.

The group has been trading for over 40 years, with APIN manufacturing shoes for the West African market for over 50 years.

Lee Group is Chinese-owned and has four Nigerian offices, in Kano, Lagos, Abuja and Port Harcourt.

80. Northwest Petroleum Oil & Gas - Oil & Gas Established in 1998, Northwest Petroleum Oil & Gas has a presence in markets across the world. It imports, trades, stores and supplies a range of petroleum products including premium motor spirit, automotive gas oil, dual purpose kerosene, and low pour oil.

The company is active within Nigeria and in export markets, operating from its centrally-located Calabar facility, the first mega petroleum products storage depot to be licensed by the DPR in the region.

The company sells its petroleum products to more than 700 DPR licensed and approved independent marketers for their numerous retail outlets.

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81. Visafone - Telecommunications Visafone Communications Ltd was borne out of the strategic acquisition of 3 CDMA mobile network operators, and launched in 2009.

In the first 6 months of operation Visafone raced past the 1 million subscribers mark, becoming the fastest growing Nigerian based GSM company in history. The company was also the first to operate an OMH compliant network in Africa.

82. Continental Oil & Gas - Oil & Gas Continental Oil & Gas Ltd (CONOG) has interests in blocks OML 59, Otuo North, Otuo South, Aghigho Ekokor, Obodo, Obra, Okpoko, OPL 2007 and Upomami. The company operates OML 59 in partnership with CONOIL as technical operator.

CONOG is a private company, based in Nigeria.

83. Midwestern Oil & Gas - Oil & Gas Midwestern Oil & Gas Company Limited commenced operations in 2001 and began upstream activities in 2005. The company is owned by a group of Nigerian entrepreneurs and partially by the Delta State Government.

In 2003 the company was awarded 70% interest in Umusadege Field located in OML 56 in the northern area of Delta State, Nigeria. Midwestern is the operator of the field in a strategic alliance with Suntrust Oil Company Nigeria Limited and Mart Energy Services Limited.

When the first oil was recovered from the field in 2008, flow rates were around 3,000bopd. Through additional drilling, the company has been able to secure a five-fold increase in flow rates, today generating approximately 15,000bopd.

84. Bovas & Company - Oil & Gas Bovas & Company Limited was established in 1980. The company was initially an independent petroleum marketing company. Continuous expansion has resulted in a range of interests centred on the petroleum industry which form today’s Bovasgroup.

The group currently consists of: • BOVAS & Company Limited • BOVAS Gas • BOVAS Bulk Storage Facilities • BOVAS Mart • Bovas Service Stations The group companies variously import and market petroleum products, supply LPG to home users and major domestic users and provide haulage and logistics services for petroleum and petroleum products.

85. Mamuda Industries Nigeria Limited - Agro Related Industries

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86. Afren plc - Oil & Gas Afren plc is an international independent exploration and production company with a premium listing on the London Stock Exchange and a constituent of the FTSE 250 Index.

Afren’s strategy is built on operating in areas where (i) there are proven working hydrocarbon systems, (ii) where opportunities have been overlooked, under-developed or are out of reach to larger companies; and (iii) where Afren’s in-depth understanding of local structure gives the company a unique advantage.

The organisation has a portfolio of assets in several of the world’s most prolific and fast-emerging hydrocarbon basins, in Africa and the Middle East. The company’s activities span the full E&P value chain of exploration, appraisal, development and production. In Nigeria, Afren has working interests in 7 fields.

87. Citibank Nigeria Ltd - Financial Services Citi has been part of banking in Nigerian since 1984. The bank, formerly operating as Nigeria International Bank Limited, was renamed Citibank Nigeria Limited (Citi Nigeria) in 2008 to fully align with Citi’s global brand and identity.

The bank’s strategic business focus in Nigeria is primarily corporate, offering a broad range of services including global transaction services, sales and trading, corporate finance and investment banking.

In August 2008, Citi launched its Direct Custody and Clearing Services in Nigeria, the 53rd market on its proprietary network - the largest in the world. The DCC service facilitates transactions for clients and investors looking to do business in Nigeria.

The bank has 12 branches across the country.

88. JOF Nigeria Limited - Logistics and Services From its production facilities in Owo, Ondo State, JOF Nigeria produces and distributes lifestyle consumables to customers across Nigeria, with a vision “to make available daily heart friendly human necessity and its delivery to the doorstep of every home.”

The company manufactures a wide range of products for local and international markets. Top brands include Executive Chef soya bean oil, Quartz table water, Cedar salted cashews and JOF Tropicana fruit juices.

The company employs over 400 workers.

89. Shoreline Energy International - Oil & Gas Shoreline Energy International (Shoreline) was founded in 1997. Today, the group spans 16 operating companies within the manufacturing, power, construction telecommunications and energy sectors. It operates across 15 Nigerian states and sub-Saharan Africa, with its headquarters in Lagos and offices in London.

From its strong Nigerian base, Shoreline continues to develop its diversified, pan-African industrial platform through partnerships, acquisitions and joint ventures.

Its power business currently generates 40 MW for industrial clients. Shoreline’s construction business, Costain West Africa Plc, builds essential infrastructure. Nigerian Ropes Plc creates wire rope for the oil and gas industry, while Shoreline Natural Resources produces in excess of 60,000bpd.

The group employs more than 5,000 Nigerians.

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90. S terling Oil Exploration and Energy (SEEPCO) - Oil & Gas Sterling Energy and Exploration Production Limited (SEEPCO) is a Sandesara Group company. The company has oil acreage of more than 2000 square miles in Niger Delta, with more than 250 million barrels of certified oil reserves and 1 trillion cubic feet of natural gas reserves in the field.

SEEPCO is the only OPEC country-based private company with Indian patronage to produce oil. The company plans to have doubled its historic production rates by 2015.

91. Glaxo SmithKline Nigeria - Pharmaceuticals GlaxoSmithKline (GSK) is one of the world’s leading research-based pharmaceutical and healthcare companies, headquartered in the UK with major business operations in the US. GSK operates globally with business units focused on pharmaceuticals, development of vaccines and consumer healthcare products.

In Nigeria, GSK has been a dominant and leading force in the consumer healthcare industry, having a strong presence in the country for the past 40 years. Today its trusted brands include Macleans, Sensodyne, Ribena, Lucozade, Horlicks, Andrews and Panodol.

The company, in its former incarnation as SmithKline Beecham Plc, was listed on the NSE in 1979.

92. Consolidated Breweries - Foods Manufacturing Consolidated Breweries Plc is Nigeria’s third largest brewer, producing a range of brands with a large consumer following. These include: “33” Export lager beer, Turbo King dark ale, Williams dark ale, and Hi-Malt and Maltex non-alcoholic malt drinks.

In 2000 Consolidated Breweries entered into a technical services agreement with Heineken International and Heineken acquired a minority shareholding. In 2005 Heineken International became the majority shareholder. In 2009 Consolidated Breweries Plc acquired a majority shareholding in DIL/Maltex Nigeria Plc, makers of the famous Maltex brand.

Today, the company operates from four locations across Nigeria: Iddo, Lagos; Ijebu-Ode, Ogun State; AwoOmamma, Imo State; Makurdi, Benue State. These are supported by a wide network of distribution depots, which take the company’s products to every corner of Nigeria.

93. Shoprite - Formal Retail With over 2000 stores in 16 countries, Shoprite is the leading retailer across Africa and is the brand of choice for millions of customers across the African continent.

The company opened its first store in Nigeria in December 2005 at The Palms, Victoria Island, Lagos. It has since opened a further 10 stores in many of the country’s major shopping areas.

Shoprite has a long-standing commitment to supporting local business and stimulating local economies. Today over 300 leading Nigerian suppliers, small businesses and farmers bring their products to Shoprite’s shelves, ensuring customers enjoy a wide assortment of local brands, and giving local producers increasing customer exposure.

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94. Bolawole Enterprises Limited - Agro Related Industries Bolawole Enterprises exports agricultural commodities, especially cocoa beans, around the world to markets including Europe, the US and Canada. The company’s success is built on a commitment to sustainability, encouraging better agricultural practices that deliver better conditions for farmers and farm hands, and a better quality product.

The company operates mostly in the south-western states of Nigeria, with its base at Ilesha, Osun State, although cocoa is sourced from over 40 Licenced Cocoa Buying Agents buying and grading cocoa from across Nigeria.

The company currently employs 500 people across its operation. With the imminent conclusion of an agreement (with Barry Callebaut of Switzerland, the world’s largest chocolate manufacturer) to establish a cocoa liquor processing plant, Bolawole will generate even greater export volumes and employment opportunities.

95. West African Cotton Company (WACOT) Agro Related Industries WACOT Limited gins cotton, and sells and exports cotton lint, gin motes and textile wastes. The company also imports cotton from neighbouring West African countries for sale to local textile mills.

WACOT’s ginnery in Funtua, Kastina State is at the heart of Nigeria’s cotton growing area, and has a capacity to gin over 50,000 metric tons of seed cotton per season. A subsidiary company further increases ginning capacity.

The company supports cotton out-grower and farmer assistance schemes which enhance yields and protect quality, ensuring cotton reaches the ginnery in perfect condition. WACOT also processes agric produce such as seed cotton and sesame seeds, which are sold in local and international markets.

96. Eko Supreme Resources Nigeria - FMCG Eko Supreme Resources Nigeria Ltd is a subsidiary of Indonesia’s Wings Corporation.

The company built its first factory in Nigeria in 1994 and manufactures powder detergents, bath soap, and drinking powder for the Nigerian consumer market.

97. GZ Industries Limited - Manufacturing GZ Industries Limited (GZI) manufactures aluminium beverage cans for brewers and bottling companies in Nigeria and other West African countries. The company’s first factory, near Lagos, commenced operation with an initial production capacity of 600 million cans. GZI’s commitment to progressive expansion ensured capacity increased to 1.2 billion cans by 2012. A further Nigerian plant planned for 2015 (In Aba) will further expand the company’s capacity, particularly in speciality can sizes.

GZI’s growth has proved of huge benefit to Nigeria’s brewers and bottlers who are now able to source local supplies, rather than relying on expensive and delay-prone imports.

The company continues to look for opportunities to grow its broader packaging market across sub-Saharan and Southern Africa.

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98. Tower Aluminium - Metals and Steel Tower Group, part of the global Clovis Group, is a pioneering leader in aluminium products in West Africa. The Tower Group began operations in 1959 as Tower Aluminium (Nig.) Plc, manufacturing aluminium kitchenware. Since then, the company has expanded its operations, investments and commitments in West Africa. Today, the group’s product range spans coils, cookware, extrusions and roofing.

Tower Group is the single largest vertically integrated aluminium downstream producer in West Africa. In Nigeria, the group comprises 11 aluminium companies including Tower Galvanised Products, Kano; Alufoils Nigeria Limited, Lagos and Borno Aluminium Company, Maduguri, with further interests in companies in Benin, Burkina Faso, Ghana, Guinea-Conakry, Ivory Coast, Mali and Senegal.

99. Transcorp - Conglomerate Transnational Corporation of Nigeria Plc (Transcorp) is a leading diversified conglomerate which focuses on acquiring and managing strategic businesses that create long term shareholder returns and socio-economic impact. The company’s business interests are in four strategic sectors: power, energy, hospitality and agriculture.

Amongst numerous notable businesses, Transcorp’s interests include: the award-winning Transcorp Hilton Hotel, Abuja; Transcorp Hotels, Calabar; Teragro Commodities Limited, operator of Teragro Benfruit Plant – Nigeria’s firstof-its-kind juice concentrate plant; Transcorp Ughelli Power Limited which acquired Ughelli Power Plc, owner of the 972MW Ughelli Power Plant; and Transcorp Energy Limited, operator of OPL 281.

Transcorp was incorporated in 2004 and is quoted on the Nigerian Stock Exchange.

100. O la Kleen/Proforce Group - Conglomerate and Auto Proforce, Nigeria’s first indigenous armoured vehicle company, was incorporated in 2008. The company specialises in protective mobility, delivering armoured vehicles and personal protection for a range of government agencies, corporate bodies, diplomatic communities and private individuals within Nigeria and Africa.

Proforce’s equipment portfolio ranges from armoured personnel carriers and tanks to armoured cash transit vehicles and architectural armouring (eg for banks and embassies). The company also trains armoured vehicle operatives.

Proforce Limited is part of O’la-kleen Holdings Limited, a Nigerian conglomerate spanning hotels, construction, waste management and more.

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Key Emerging Leaders They may not (yet) form part of the Top 100 Business in Nigeria, but every day the following organisations are leading their sectors, providing employment and delivering growth, investment and results. We recognise their work here.

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ICT A vital support to virtually all other sectors, and a strong lever for job creation.

Zinox Technologies Ltd Founded in 2001, Zinox is the leading original equipment manufacturer in the branded PC, laptop and tablet assembly and distribution market in Nigeria. Currently diversifying into smart power solutions as well as mobile applications, Zinox is also a manufacturer’s representative and reseller of the premium Dell and HP computer and peripherals brands.

Computer Warehouse Group Plc With over two decades of experience in the ICT industry, CWG is a company that started small, refining its products and services around a strong brand identity, whilst moving up the industry value chain and expanding sensibly. The company recently had a highly successful IPO and has been the most highly capitalized security in the ICT sector of the NSE.

Interswitch Transnational Holdings A pan-African integrated payment processing and transaction switching company with operations in East and West Africa (its most recent acquisition). In 2014, Interswitch was ranked first in Deloitte’s Technology Fast50 Africa Programme, a list of the fastest growing technology companies in Africa over the past five years.

Communication Network Support Services Limited (CNSSL) CNSSL is the wholly Nigerian-owned and operated value added services provider that designs, implements and maintains fibre optic cable networks, copper networks, access networks, VSAT and wireless networks across Nigeria. The company’s premier business process outsourcing services have driven its growth from a staff strength of 22 in 2007 to over 6,000 spread across 6 locations nationwide.

Hospitality Growth across the Nigerian economy has created unprecedented opportunities in the hospitality sector.

Moorhouse Properties Limited (MPL) Together with its subsidiaries, AM Hotels and MP Budget, the MPL Group caters for growing demand in the middle and budget segments of the Nigerian hotel market, developing easily-recognizable international brands (Ibis) alongside indigenous value brands (Travelhouse) to international standards.

A growing portfolio includes: The Moorhouse M Gallery Hotel, Ikoyi, Lagos; Port Harcourt Novotel; Ibis Lagos Airport with GT Bank; Travelhouse Budget Hotel, Lekki, Lagos; Travelhouse Budget Hotel, Ibadan, and Epe Resort & Spa by Moorhouse, Lagos State.

Retail Supermarkets Wholesale and retail trade accounts for nearly 17% of GDP. These formalised retail outlets are a large part of a booming trade sector.

Artee Group The Artee Group opened its flagship park and shop store in 1999. The organisation, a pioneer in Nigeria’s modern retailing industry, has recently added the SPAR franchise to the fold and its stores are in every major capital in the country, touching millions of Nigerians.

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Quick Service Restaurants A nation that has never been busier needs speed and choice in the way it eats. These businesses are responding to our changing way of life.

Mr Bigg’s Mr Bigg’s is one of Nigeria’s first fast food restaurant chains. Owned by conglomerate United African Company of Nigeria Plc, the company practically defined the quick service restaurant (QSR) experience in Nigeria. There are currently around 170 branches, including the country’s first drive-through restaurant, with another four locations in Ghana. Mr Bigg’s remains the fastest growing QSR in West Africa.

Tennessee Fried Chicken Popularly known as TFC, the company founded by Mrs Pamela Adedayo in 1997 began as an extension of Tastee Pot, an outdoor catering company serving Nigerian and continental food at events. The business model is based on American chain KFC, where Mrs Adedayo previously worked as a manager. Thanks to a 2006 partnership with Oando, the company is launching a restaurant in every Oando filling station.

Tantalizers Nigeria Plc Tantalizers is a leader in the Nigerian QSR industry. When its first branch opened in Lagos in 1997, the company pioneered the integration of the African menu into fast food operations. Since then the company has expanded into major cities across Nigeria and now has over 50 locations including franchisees. Tantalizers Nigeria Plc is the only QSR listed on the Nigerian Stock Exchange.

Food Concepts Ltd A leading QSR and bakery operator in Nigeria. The Food Concepts QSR is branded as Chicken Republic with 60 outlets across the country, 9 of which are franchised. A wholly- owned subsidiary, Free Range Farms Limited, supplies chicken for the company’s QSR operations.

Media & Entertainment Collectively, the arts, broadcasting and entertainment-related sectors account for approximately 2% of rebased GDP.

Silverbird Group Silverbird Productions, which started in 1980 with only six staff, has grown into a diversified multimedia group that today employs hundreds. The Silverbird Group has three radio stations: Rhythm 93.7 in Lagos, Abuja and Port Harcourt; a television station (Silverbird Television produces the Most Beautiful Girl in Nigeria); Silverbird Cinema, Silverbird Entertainment and Silverbird Galleria. The success of Nigeria’s first 5-screen multiplex in Lagos has proved such a success that Silverbird Cinema has replicated the format in Abuja, Port Harcourt and Accra in Ghana.

Education Services A growing sector now accounting for approximately 2% of GDP.

Corona Schools Established in 1955 by a group of mainly Irish and British women, the Corona Schools Trust Council has long been a pacesetter in the formational educational industry in Nigeria. The organisation’s primary and secondary schools are located in south-western Nigeria, and the trust council also operates a teachers’ college and a college of education.

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E-Commerce One of the fastest growing sectors in the country with a direct effect on the logistics and transportation industries.

Jumia Just two years old, Jumia is currently Nigeria’s largest e-commerce company. In addition to traditional retail sales, the company is also creating jobs in ancillary sectors such as logistics and real estate. In Lagos alone, Jumia has 500 delivery riders and 13 hubs/sorting venues.

Konga Nigeria’s fastest-growing e-commerce company (and second largest in terms of sales volume), Konga.com has also made investments in ancillary sectors and recently opened an engineering centre in Yaba, Lagos. The centre employs over 100 software engineers who are developing cutting-edge software and applications for Konga.com.

Real Estate Services As the pace of the economy demands an ever greater supply of quality homes, the real estate sector continues to expand.

UAC Property Development Company (UPDC) A division of the UAC group, UPDC is the leading developer of residential and commercial properties in the country. The company acquires, develops, sells, leases and manages choice residential and commercial properties in Nigeria. It is the only real estate developer listed on the Nigerian Stock Exchange.

UPDC also leads the way in innovative financing solutions with the floating of their Real Estate Investment Trust (REIT), also listed on the NSE.

Auto-manufacturing Capacity utilisation in the sector has increased over the past year and is a key driver of manufacturing growth.

Innoson Vehicle Manufacturing Ltd (IVM) IVM started as part of the Innoson Group, trading in motorcycle and motorcycle parts. The company diversified into manufacture/assembly of motorcycles and subsequently cars and buses. Its product lines include heavy duty vehicles, middle and high level buses and environmentally-friendly vehicles. IVM also provides repair services and supplies spare parts.

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