Ventures Africa: NLNG Named The Top Indigenous Nigerian Company Of 2014

Nigeria LNG (NLNG), the country’s liquefied natural gas exporter, has come out the top rated indigenous company in the latest ranking of companies in Nigeria by business development and marketing consultants, Jake Riley, in partnership with the country’s Federal Ministry of Industry, Trade and Investment (FMITI).

While international oil companies, ExxonMobil, Shell and Chevron took the top three spots, NLNG came fourth, leading other Nigerian companies in the blue chip listing. Other local and international establishments that made up the top ten of the ranking were Total Nigeria, MTN, Dangote Group, OandO, Eni-Agip and First Bank Nigeria Plc. The companies in the top 100 according to the Minister of Trade and Investment, Olusegun Aganga contribute some 20 per cent to the country’s gross domestic product (GDP).

To rate the companies, the Top 100 Businesses Assessment Committee, headed by Executive Secretary and Chief Executive Officer of the Financial Reporting Council (FRC) Mr. Jim Obazee, collated and verified information from annual reports, the Financial Reporting Council, the Nigerian Stock Exchange and reports from private companies that publish revenue figures, to decide the winners.
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