Lagos giants

NNPC, Dangote Cement, NLNG… Nigeria rules roost in ranking of West African companies

in depth

This article is part of the dossier:

Wealth creators

By Aurélie M’Bida

Premium badge Reserved for subscribers

Posted on March 15, 2023 16:31

With eight companies in the Top 10 of the leading West African companies, including NNPC and Dangote Cement, Nigeria is positioning itself as the factory of regional champions in 2021. Behind it, the Uemoa countries have established a strong presence.

As the largest economy in sub-Saharan Africa, with a GDP representing a quarter of the continent’s and two-thirds of that of ecowas, Nigeria places 32 companies among the top 100 groups in West Africa.

In 2021, thanks to a cumulative turnover of $53 billion, the Lagos giants generated more than half the revenues of all West African companies — some $96bn — in our exclusive  ranking of the top 500 African companies.

There's more to this story

Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

Subscribe Now

cancel anytime