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The maiden edition of BusinessDay’s Top 100 Companies in Nigeria report is set for release this Thursday, April 26, and will be available at the annual Capital Markets Conference and Investors Forum holding at the prestigious Intercontinental Hotel, Lagos.
Anchored by BusinessDay Research & Intelligence Unit (BRIU), the report provides in-depth analysis and assessment of the largest corporate entities in Nigeria, based on several parameters, including market value, as well as other indices such as liquidity, balance sheet size, average five-year growth rates in key financial figures, products and services offered and their contributions to the country’s GDP in the last five years.
The report is also a compendium of the “Who is Who of Corporate Boardrooms in Nigeria” containing the profiles of the Board of Directors tasked with the oversight of each Company’s financial and business activities, as well as the leadership of each of the top 100 Organisations on our list. Subsequently, each profile of the 100 Companies contains information on their respective Boards highlighting key qualifications, expertise and experience of each member.
In addition to the Board membership, the Report contains salient information on each Company including highlights on their financial figures and key ratios including profitability; the level of board diversity, shareholding structure, and the interests of the directors, among others.
It will interest you to know that the Top 25 percent of the Companies that made our 2017 list were collectively responsible for approximately 45 percent of the N4.36 trillion gained in Nigeria’s equity markets in the year under review.
In addition to listed Companies, the publication also covers unquoted companies including FrieslandCampina WAMCO Plc and CHI Nigeria Limited. Other unquoted entities which fall into the category of the largest companies in Nigeria include MTN Nigeria Plc, NBC (Coca Cola), Seven Up Bottling Company, among others. BusinessDay Research relied on estimates to arrive at financial data for some of the abovementioned Companies.
Sources of data and information for the Report include in-house analysis via our Research & Intelligence Unit, news sources and trading updates from reliable channels including BusinessDay Newspaper; annual reports and financial statements, analysis of market capitalisation figures, company websites, unaudited quarterly results, in addition to other trusted sources.
Overall, the 100 Companies in this publication have been segmented according to the sectors in which they operate. Subsequently, the sectors covered in the top 100 report include Consumer Goods, Insurance, Banking, Financial Services, Insurance, Energy, Technology, among others.
The information used in the report is gleaned from the above mentioned sources with the latest information derived as at March 30, 2018.
The importance of this report cannot be overemphasized. In 2016, the country’s economy plunged into its first recession in almost three decades. The recession was largely blamed on the sharp drop in crude oil prices and a poor policy response. However, the recovery from growth has also been largely linked to the recovery in crude oil prices as economic growth has remained anaemic in the non-oil sector due to a reluctance to push macro-economic reforms.
Nigeria’s non-oil economy grew 1.5 percent year on year (YOY) in the fourth quarter of 2017, its strongest performance since 2015, according to GDP data from the National Bureau of Statistics (NBS). This is a reversal of the non-oil sector’s negative growth of -0.76 percent recorded in the third quarter of 2017 and more than twice the average growth rate recorded in the first and second quarter of 2017.
Overall economic growth for 2017 was 0.83 percent on account of the 8.68 percent growth in the oil sector. Even though the oil sector accounts for less than 10 percent of the country’s economic output, the non-oil sector remains highly dependent on the dollars earned from the sector, which contributes more than 90 percent of export revenue.
OMOSOMI OMOMIA
