[size=17pt]Why we listed Glo as top Nigerian firm – FG[/size]

NOVEMBER 26, 2014

Leading Nigerian telecommunications firm, Globacom has been listed as one of the top One Hundred Firms in Nigeria for the 2014 fiscal year.

The top 100 companies’ list is based on international benchmark set by the International Integrated Reporting Council. The benchmark includes the amount of turnover, level of investment in the country and thenumber of jobs so far created in the economy.

Others are the impact that these companies have had in the communities where they operate, level of corporate governance and the amount of long and medium term investment plan.



The list was announced in Abuja on Tuesday by the Chairman, Assessment Committee, Jim Obazee. Obazee said Globacom and the other companies on the list were creating wealth and jobs for the economy and should, therefore, be honored for their patriotism and spirit of enterprise.

He explained that the activities of Globacom and the other top 100 firms had gone a long way in creating confidence in the local investment environment. This has gone a long way in drawing other investors into the same environment thereby improving the business climate of Nigeria.

Among other companies named as 100 Top companies in Nigeria are First Bank, Dangote Industries, Chevron and MTN.

Globacom is top player in Nigeria’s telecoms sector, boasting of heavy investment in integrated telecoms infrastructure and personnel. It has also made the same investments inneighbouring Benin Republic andGhana through its mobile telephone network; and to Senegal, Ivory Coast and other West African countries through its Glo 1 infrastructure.

The Top 100 firms recognition is the first of its kind by the Federal Government, and the high flying companies will be honoured at a dinner scheduled for December 1 at the Presidential Villa , Abuja.

Source: http://sunnewsonline.com/new/?p=92663

How much of Glo is owned by black Africans?