Dangote Group, Nigeria Breweries Plc, Zenith Bank Plc, First Bank Plc and Guaranty Trust Bank Plc are listed among 25 top companies in the West African capital market.
Other companies include, Access Bank Plc, United Bank for Africa Plc and Nestle Nigeria, Ecobank Nigeria Plc, Flour Mills Nigeria Plc, Union Bank Nigeria Plc.
The companies were unveiled by Forbes Africa at a dinner in Lagos.
The list covered the companies on the Nigerian Stock Exchange, Ghanaian Stock Exchange and the Abidjan-based Bourse Régionale des Valeurs Mobilières SA (Regional Securities Exchange SA) or BRVM and ranked them in terms of market capitalisation, revenue and profit.
Managing Editor, Forbes Africa, Mr. Chris Bishop, who presented the awards to the top five companies, said: “I think this was a hugely successful night and a signal to African companies everywhere that their time has come. All too often the lists of the world have overlooked the success of African companies.
“Nights like this show how important successful African companies are in the progress of the world economy. He further added ‘It is especially pleasing to hold this event in Nigeria which is a very important and loyal market for Forbes Africa that we cherish dearly,"
Also, Vice-Chairman, ABN 360 Group, Rakesh Wahi, stated: " We have a 5-year history of analysing and reporting economic and commercial data on the continent, and now believe we are in a unique position to begin celebrating the success of African companies and business leaders who have performed exceedingly well despite the economic crisis,” he added.
ABN 360 Group, is the parent company of CNBC Africa, Forbes Africa and ABN Productions.