A list of the top 25 best companies to work in Nigeria for 2023 has been released by LinkedIn, a professional networking platform.
According to LinkedIn, the methodology used in arriving at the list, involved factors like how employees are advancing both within a company and when they leave, how they’re up skilling while employed there, which reveal companies that help set people up to get ahead in their careers.
LinkedIn explained that it used data on the platform to rank the companies based on eight pillars that have been shown to lead to career progression, which are: ability to advance; skills growth; company stability; external opportunity; company affinity; gender diversity; educational background, and employee presence in the country.
“Ability to advance tracks employee promotions within a company and when they move to a new company, based on standardized job titles. Skills growth looks at how employees across the company are gaining skills while employed at the company, using standardized LinkedIn skills.
“Company stability tracks attrition over the past year, as well as the percentage of employees that stay at the company for at least three years. External opportunity looks at Recruiter outreach across employees at the company, signaling demand for workers coming from these companies.
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.
“Company affinity, which seeks to measure how supportive a company’s culture is, looks at connection volume on LinkedIn among employees, controlled for company size. Gender diversity measures gender parity within a company and its subsidiaries.
“Finally, educational background examines the variety of educational attainment among employees, from no degree up to Ph.D. levels, reflecting a commitment to recruiting a wide range of professionals, while employee presence in the country looks at the company’s number of employees in the country relative to other companies, as a means of capturing companies that provide a diverse work environment and more opportunities for career advancement and networking,” LinkedIn explained.
To be eligible, LinkedIn said companies must have had at least 500 employees as of Dec. 31, 2022, in the country and attrition can be no higher than 10% over the methodology time period, based on LinkedIn data.
These companies offer their employees the right environment to grow their careers.
The list of Top 25 best companies to work in Nigeria
EY (Ernst & Young)
EY (Ernst & Young) was established in 1989 and it is an international professional services organization providing audit, tax, advising, and transaction services to clients in more than 150 countries. It is one of the Big Four global accounting firms with over 700 branches.
MTN Nigeria is a unit of MTN Group, a telecommunications company that provides mobile and fixed-line phone services, as well as internet and digital services to customers. The MTN Group operates in more than 21 countries in Africa and the Middle East.
Sterling Bank Plc
Sterling Bank is a financial institution that provides a wide range of banking services, including consumer and investment banking, trade finance, and capital market activities.
Interswitch Group operates across 23 countries in Africa and owns Verve. It offers payment processing, card services, and digital commerce solutions.
First Bank of Nigeria
First Bank of Nigeria was established in 1894 making it the oldest commercial bank in the country. The bank offers a wide range of financial products and services to individuals, businesses, and government institutions.
Standard Chartered Bank
Standard Chartered Bank provides a range of financial products and services, including corporate and retail banking, wealth management, and investment banking.
The Nigerian National Petroleum Commission (NNPC) regulates the management and operation of the country’s oil and gas resources.
Eko Electricity Distribution
Eko Electricity Distribution is one of the power distribution companies in Nigeria based in Lagos. The company specializes in delivering electricity solutions to businesses operating in the commercial and industrial sectors, as well as to government agencies.
British American Tobacco (BAT)
British American Tobacco (BAT) is a multinational tobacco company that produces and markets cigarettes, tobacco, and other nicotine products. The company has its headquarters in England.
Ikeja Electric is an electricity distribution company in Nigeria, serving the Lagos metropolis. It provides electricity supply to both residential and commercial customers.
Nestlé is a food and beverage company that manufactures and distributes such products as baby food, bottled water, breakfast cereals, coffee, tea, confectionery, dairy products, ice cream, and frozen foods.
ExxonMobil is a US-based multinational with operations in more than 50 countries. The company is a major player in Nigeria’s oil and gas sector. It is also involved in the production of petrochemicals and other specialty products.
Anheuser-Busch InBev, or AB InBev, is a multinational drinks conglomerate with headquarters in Belgium. The company is the parent company of Nigeria’s International Breweries Plc, which produces Trophy, Hero, and Budweiser beer brands.
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 customers.
IHS Towers is a mobile telecommunications infrastructure provider that builds, manages, and maintains telecommunications towers.
SLB, formerly known as Schlumberger, is a company that specializes in providing technology for the production, drilling, and processing of oil and gas to the oil and gas industry.
Halliburton is an international company with operations in more than 70 countries. It provides products and services to the energy industry. Their services include well testing, drilling, cementing, and more.
Shell is a multinational firm that operates in the energy industry and was established in 1907. They explore for and extract natural resources like oil and gas, and refine these resources.
TotalEnergies is a global energy firm that is involved in the production and sale of various sources of energy such as biofuels, oil, green gases, natural gas, and electricity.
Tropical General Investments (TGI) Group
Tropical General Investments (TGI) Group is involved in different industries such as fast-moving consumer goods, agriculture, and energy. The company’s subsidiary, TGI Distri, is a distributor of food and household products in Nigeria, serving over 100,000 retail outlets.
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.
Huawei is a Chinese-based, multinational technology company specializing in telecommunications equipment and consumer electronics. They produce a range of products including smartphones, laptops, tablets, smartwatches, and home devices.
Wema Bank is a Nigerian commercial bank that provides a wide range of banking products and services. The bank offers personal and business accounts, loans, investment products, and digital banking services like mobile banking, internet banking, and USSD banking.
Deutsche Post DHL Group
Deutsche Post DHL Group (DHL) provides local and international parcel and express services, freight transport, and supply chain management services.
9mobile is a telecommunications operator that provides call and data services to customers across Nigeria.