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Article: West Africa: Nigeria rules sub-region.(Africa's Top 200 companies)(Survey)
- Article from:
- African Business
- Article date:
- April 1, 2007
CopyrightCOPYRIGHT 2007 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After last year's survey of the top African companies, it would scarcely have been credible for Nigeria to further entrench its domination of West Africa's listed companies. Out of the top 50 companies in the region, an incredible 40 were based in Nigeria, with six in Ghana and four in Cote d'Ivoire.
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Yet another year of strong growth in Nigeria has seen the West African giant extend its lead, taking 44 out of the top 50 slots in this year's survey, leaving just three for Ghana and two for Cote d'Ivoire.
First Bank of Nigeria is the biggest company in West Africa in this year survey. The rise in its market capitalisation ...