Twenty-five Nigerian companies have been spotlighted as the fastest-growing firms in the country by the Financial Times in collaboration with Statista and BusinessDay. The selection process, conducted from October 9, 2023, to February 29, 2024, involved rigorous verification of certified revenue figures provided by company executives.
These companies represent the heartbeat of Nigeria’s evolving economy, with fintech, e-commerce, agribusiness, and manufacturing leading the charge. While the ranking is not listed in order of growth, each company demonstrates exceptional performance and contribution to the national economy.
Featured Companies
Moniepoint Inc
- Sector: Fintech
- Founder/CEO: Tosin Eniolorunda (2015)
- Highlight: 150%+ CAGR, over 800M transactions/month, $17B+ in monthly transaction volume
Omniretail Inc
- Sector: E-commerce
- Founder/CEO: Deepankar Rustagi (2020)
- Highlight: 66,294.9% revenue jump from ₦89.3M in 2019 to ₦59.3B in 2022
AFEX Commodities Exchange Ltd
- Sector: Agribusiness
- Founder/CEO: Ayodeji Balogun (2014)
- Highlight: Revenue grew to ₦176B in 2022 (5,733.12% growth)
Mycredit Investments Ltd
- Sector: Fintech (Lending)
- Founder/CEO: Laurin Hainy (2016)
- Highlight: Revenue grew 1,719.13% to ₦60.5B in 2022
Alpha Morgan Capital Managers Ltd
- Sector: Investment Management
- Founder/CEO: Ade Buraimo (2012)
- Highlight: Revenue jumped 994.85% to ₦5B in 2022
Thrive Agric Ltd
- Sector: Agri-tech
- Founders: Uka Eje & Ayodeji Arikawe (2017)
- CEO: Uka Eje
- Highlight: 964.9% revenue growth to ₦31.8B in 2022
Bisedge Ltd
- Sector: Business Services
- Founder/CEO: Segun Olumuyiwa (2016)
- Highlight: Revenue rose from ₦129M (2019) to ₦1.3B (2022)
The Seamless Company Ltd
- Sector: HR/Payroll Tech
- Founder/CEO: Emmanuel Okeleji (2018)
- Highlight: 700.7% growth to ₦1.11B in 2022
West African Soy Industries Ltd (WASIL)
- Sector: Agro-processing
- Group: TGI Group
- CEO: Rahul Savara
- Highlight: Revenue up 446% to ₦105.3B
Sundry Markets Ltd
- Sector: Retail
- Founder/CEO: Ebele Enunwa (2014)
- Highlight: Revenue climbed 281.4% to ₦54B in 2022
Veritasi Homes & Properties Ltd
- Sector: Real Estate
- Founder/CEO: Adetola Nola (2017)
- Highlight: 267.56% growth to ₦33B in 2022
Paga Group
- Sector: Fintech
- Founder/CEO: Tayo Oviosu (2009)
- Highlight: 238.1% growth to ₦23.8B in 2022
United Capital Plc
- Sector: Financial Services
- CEO: Peter Ashade (2012)
- Highlight: 213% revenue growth to ₦26.8B
Fidson Healthcare Plc
- Sector: Pharmaceuticals
- Founder: Fidelis Ayebae (1995), CEO: Imokha Ayebae
- Highlight: 187.04% revenue increase to ₦40.3B
R.T Briscoe Plc
- Sector: Auto & Equipment
- CEO: Seyi Onajide (1957)
- Highlight: Revenue up 157.7% to ₦17.8B
Tripple Gee & Company Plc
- Sector: Printing & Packaging
- Founder/CEO: Adebimpe Giwa (1980)
- Highlight: Revenue rose 140.5% to ₦3.17B
BUA Foods Plc
- Sector: Food Manufacturing
- Founder: Abdul Samad Rabiu, CEO: Engr. Ayodele Abioye
- Highlight: Revenue up 135.45% to ₦418.3B
Black House Media Group Ltd
- Sector: Media & PR
- Founder/CEO: Ayeni Adekunle (2006)
- Highlight: 116% growth to ₦2.1B
Comercio Partners Ltd
- Sector: Fintech/Investments
- Founder/CEO: Tosin Osunkoya (2016)
- Highlight: Revenue up 108.3% to ₦1.6B
WACOT Rice Ltd
- Sector: Agribusiness
- Group: TGI Group (2014)
- CEO: Ujwalkanta Senapati
- Highlight: Revenue up 98.9% to ₦40.3B
John Holt Plc
- Sector: Conglomerate
- Founder/CEO: Dr. Christopher Ezeh (1961)
- Highlight: 98.9% revenue growth to ₦40.3B
Amel International Services Ltd
- Sector: Food & Beverage
- Founder/CEO: Akan Peter Nsek (2014)
- Highlight: Revenue rose 96.4% to ₦2.51B
Academy Press Plc
- Sector: Printing
- Founder/CEO: Olugbenga Ladipo (1965)
- Highlight: 84.4% revenue growth to ₦4.49B
Cutix Plc
- Sector: Cable Manufacturing
- Founder/CEO: Ijeoma Oduonye (1982)
- Highlight: 84% increase to ₦9.2B in 2022
Transcorp Hotels Plc
- Sector: Hospitality
- CEO: Uzo Oshogwe (1994)
- Highlight: Revenue reached ₦42.7B in 2023
These organizations are trailblazers across industries, creating jobs, innovating processes, and setting benchmarks for growth in Africa’s largest economy.
