2023 list of best 25 companies to work in Nigeria

Professional networking platform, LinkedIn, has released its 2023 list of 25 companies rated as the best place to work in Nigeria.

Best Telecom companyMTN
Best bankSterling Bank
Best FintechInterswitch group
Best electricity company Eko Electricity Distribution
Best government owned companyNNPC

In arriving at the list of companies that made the list, LinkedIn disclosed that it had relied on eight criteria that have been shown to lead to career progression, which include: the ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, educational background and employee presence in the country. Equally important, it revealed that the selected companies all stood out for offering their employees the right environment to grow their careers.

Furthermore, LinkedIn said the methodology factored in key components like how employees are advancing both within a company and when they leave, how they are upskilling while employed there and more, which reveal companies that help set people up to get ahead in their careers. Crucially, it also considered factors like attrition and layoffs.

“Companies that have laid off 10% or more of their workforce between Jan. 1, 2022, and the list launch, based on public announcements — or that have attrition greater than 10%, based on LinkedIn data — are ineligible to rank,” it said.

The development comes against a backdrop of significant headcount actions among global tech companies and other top brands, with the likes of Google, Meta (Facebook), Amazon, Microsoft, Accenture, Twitter, Netflix, Shopify, Lyft, Apple, Tesla and Zoom, among others, laying off thousands in the face of uncertain economic conditions. The likes of Jumia, a major player in the Nigerian e-commerce space and Alerzo, a Nigerian B2B e-commerce platform have also announced significant staff cuts in recent times.

Here is the full list of this year’s 25 #LinkedInTopCompanies in Nigeria.

1 EY

About EY: EY (Ernst & Young) is an international professional services organisation providing audit, tax, advising, and transaction services to clients in more than 150 countries. Since its inception in 1989, the company has grown to over 700 branches and ranks as one of the Big Four global accounting firms.

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About MTN: MTN is a telecommunications company that provides mobile and fixed-line phone services, as well as internet and digital services to customers. The company has operations in more than 21 countries in Africa and the Middle East.

3 Sterling Bank

About Sterling Bank: Sterling Bank is a financial institution that offers a wide range of banking services, including consumer and investment banking, trade finance and capital market activities. The bank also provides wholesale banking services to its customers.

4 Interswitch Group

About Interswitch Group: Interswitch Group is an integrated payment and digital commerce platform operating across 23 countries in Africa. The company offers a range of products and services, including payment processing, card services, and digital commerce solutions.

5 First Bank of Nigeria

About First Bank of Nigeria: First Bank of Nigeria is the oldest commercial bank in Nigeria dating back to 1894. The bank offers a wide range of financial products and services to individuals, businesses, and government institutions, including retail and corporate banking, treasury, and international banking. 

6 Standard Chartered Bank

About Standard Chartered Bank: Standard Chartered Bank has been operating in banking for more than 150 years. The company offers a range of financial products and services, including corporate and retail banking, wealth management, and investment banking.

7 NNPC Limited

About NNPC Limited: The Nigerian National Petroleum Commission (NNPC) is responsible for the management and operation of the country’s oil and gas resources with a focus on sustainable development.

8 Eko Electricity Distribution

About Eko Electricity Distribution: Eko Electricity Distribution is a power distribution company in Lagos. The company specialises in delivering electricity solutions to businesses operating in the commercial and industrial sectors, as well as to government agencies.

9 British American Tobacco (BAT)

About BAT: Headquartered in England, British American Tobacco (BAT) is a multinational tobacco company that manufactures and sells cigarettes, tobacco, and other nicotine products. The company is now shifting towards next-generation products, including e-cigarettes and heated tobacco.

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10 Ikeja Electric

About Ikeja Electric: Ikeja Electric is an electricity distribution company in Nigeria, servicing over 1 million customers across the Lagos metropolis. The company provides electricity supply to both residential and commercial customers.

11 Nestlé

About Nestlé: Nestlé is a food and beverage company that manufactures and distributes a wide variety of products, including baby food, bottled water, breakfast cereals, coffee, tea, confectionery, dairy products, ice cream and frozen foods.

12 ExxonMobil

About ExxonMobil: ExxonMobil is a producer of crude oil and natural gas and is also involved in the production of petrochemicals and other specialty products. The US-based multinational operates in more than 50 countries worldwide.

13 AB InBev

About AB InBev: Anheuser-Busch InBev, or AB InBev, is a multinational drinks conglomerate headquartered in Belgium. They produce and distribute a wide range of beer and other alcoholic beverages across the world with a portfolio of popular brands including Budweiser and Corona. The company is also the parent company of Nigeria’s International Breweries Pl, which produces Trophy, Hero and Budweiser beer brands.

14 UBA Group

About UBA Group: United Bank for Africa (UBA) is a Pan-African financial institution that provides a range of financial products and services to individuals, small and medium-sized enterprises, and corporate clients. They also have a mobile banking app, which enables customers to carry out a range of transactions on their mobile devices.

15 IHS Towers

About IHS Towers: IHS Towers is an independent mobile telecommunications infrastructure provider that builds, manages, and maintains telecommunications towers. This enables mobile network operators to expand their coverage and improve the quality of their services.

16 SLB

About SLB: SLB, formerly known as Schlumberger, is a company that specialises in providing technology for the production, drilling and processing of oil and gas to the oil and gas industry. The company serves a diverse customer base that includes national and international oil companies, as well as independent operators. 

17 Halliburton

About Halliburton: Halliburton is a leader in providing products and services to the energy industry, with operations in more than 70 countries serving a diverse customer base of national and independent oil companies, as well as industrial and government clients. They provide services such as well testing, drilling, cementing, and more.

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18 Shell

About Shell: Founded in 1907, Shell is a multinational corporation that operates in the energy industry. They explore for and extract natural resources like oil and gas, and refine these resources into various products, including fuel for transportation and energy for homes and businesses.

19 TotalEnergies

About TotalEnergies: TotalEnergies is a global energy firm that specialises in the production and sale of various sources of energy such as biofuels, oil, green gases, natural gas, and electricity. In addition, the corporation is investing in alternative energy sources like solar and wind power.

20 Tropical General Investments (TGI) Group)

About Tropical General Investments (TGI) Group): Tropical General Investments (TGI) Group is a company that operates in different industries such as fast-moving consumer goods, agriculture, and energy. TGI’s FMCG subsidiary, TGI Distri, is a leading distributor of food and household products in Nigeria, serving over 100,000 retail outlets.

21 Konga Group

About Konga Group: Konga is a Nigerian e-commerce company that offers a wide range of products, including electronics, fashion, beauty and personal care, home and kitchen appliances, and more. 

22 Huawei

About Huawei: Huawei is a Chinese-based, multinational technology company specialising in telecommunications equipment and consumer electronics. They produce a range of products including smartphones, laptops, tablets, smartwatches, and home devices. They also provide services such as cloud computing and digital transformation solutions for businesses.

23 Wema Bank

About Wema Bank: Wema Bank is a Nigerian commercial bank that provides a wide range of banking products and services to individuals, SMEs, and large corporations. The bank offers personal and business accounts, loans, investment products, and digital banking services like mobile banking, internet banking, and USSD banking.

24 Deutsche Post DHL Group

About Deutsche Post DHL Group: Deutsche Post DHL Group – known as DHL – offers a comprehensive range of local and international parcel and express services, freight transport and supply chain management services.

25 9mobile

About 9mobile: 9mobile is a telecommunications operator that provides call and data services to customers across 16 countries.

Ibrahim Ismail

A passionate and highly skilled individual who has seamlessly blended the worlds of statistics, technology, and finance.

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