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Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking - Business - Nairaland

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Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by StoriesUpdate: 10:03am On May 05, 2023
Neveah Limited makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking

The Financial Times, a leading world business newspaper and renowned digital publication has released its annual ranking list of Africa's fastest growing Companies. The ranking listed Neveah Limited, an indigenous commodities export company ahead of several top brands in Africa. Neveah ranked high on the list leading renowned companies like Julius Berger, Dangote PLC, MTN, Sterling Bank, Flour Mills, amongst others. The publication was released on Tuesday, 2nd May 2023.

Neveah was ranked 18 on the list of FT/Statista 2023 Africa’s Fastest-growing companies. Known for commodities export, the organisation places priority on delivering quality products at great prices. According to Financial Times and Statista, the compound annual growth rate (CAGR) in revenue from 2018 to 2021 was a major criterion for listing.

In five years, Neveah Limited has recorded a Compounded Annual Growth Rate (CAGR) of 68% and 176% on revenue and profitability respectively. It has also registered a N10 billion commercial paper with FMDQ Exchange in 2021, raised a total of N14.96 billion and has currently repaid N14.54 billion.

“We are delighted to be recognized as one of the fastest growing firms in Africa by Financial Times” says Mr. Ibidapo Lawal, CEO Neveah Ltd. According to him, “this great feat has been achieved through an ability to take calculated risks, consistent business and human development, and our commitment to best practices. We hope to keep achieving greater milestones as we go ahead to build a world class commodities export firm but nevertheless, this ranking goes to show just how far we have come in the last 9 years.”

About Neveah Limited
Neveah Limited is a leading indigenous export company in Nigeria that deals in agricultural commodities, base metals, and minor metals. The company exports to over 15 countries in Europe and Asia, with its major markets also spanning across North America. Working closely with select suppliers for its materials, Neveah provides the best products at the most affordable prices to its global customers. In 2022, Neveah Limited was awarded Sectoral Exporter of the year by the Nigerian Export Promotion Council (NEPC).

https://guardian.ng/news/neveah-limited-makes-ft-statista-2023-africas-fastest-growing-companies-ranking/

6 Likes

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by StoriesUpdate: 10:04am On May 05, 2023

5 Likes 3 Shares

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Patrickyemi: 11:05am On May 05, 2023
My name will be number 1 this time next year

10 Likes 1 Share

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Bullionaire: 11:06am On May 05, 2023
This economy has been ruined by Buhari and APC

5 Likes 2 Shares

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by alizma: 11:07am On May 05, 2023
Congratulations

1 Like 1 Share

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by SadiqBabaSani: 11:07am On May 05, 2023
Just hearing about the Coy for the first time

34 Likes 1 Share

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Emeskhalifa(m): 11:08am On May 05, 2023
Niveah ke?
You mean the same one selling cream? Topped Dangote? Hmmm ok o lipsrsealed

1 Like

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by aieromon(m): 11:08am On May 05, 2023
SadiqBabaSani:
Just hearing about the Coy for the first time

Same here.

Edit: This looks like a sponsored post from Neveah.

There are other top ranking Nigerian firms on the list.

1. AFEX Commodities Exchange Ltd.
2. Moniepoint, Inc. (formerly TeamApt, Inc.)
8. Sankore Ltd
17. Alpha Morgan Capital Managers Ltd.
18. Neveah Ltd
20. Bluecamp Ltd.
22. Veritasi Homes And Properties Ltd.
24. Comercio Partners Ltd.
27. Tropical General Investments Ltd.
32. Kawai Technologies Ltd.

https://www.ft.com/content/2e45727c-0c2a-4636-95d0-4889969cfca8

20 Likes 1 Share

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Okiton: 11:09am On May 05, 2023
angry
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by BIZNess123(m): 11:09am On May 05, 2023
cool

This thread will soon be turned to tribal e war

2 Likes

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by LeeSmart: 11:10am On May 05, 2023
Patrickyemi:
My name will be number this time next year
No wonder oga kunle no gree let me hear word yestaday, e just the disturb me say their company na the most valuable company 4 africa.
Na to try find space 4 my madam sister be that oo
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by seanwilliam(m): 11:13am On May 05, 2023
Nice
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Fearyourcreator: 11:13am On May 05, 2023
Hmmm
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Oscarchims: 11:13am On May 05, 2023
Hearing the name for the first time
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Angelfrost(m): 11:14am On May 05, 2023
Never heard of them...! Well done to them!

1 Like

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Twistaray(m): 11:16am On May 05, 2023
This is the kind of company we want in SW contributing to the growth of the economy of the SW and the country and adding value through exports and production. We don't want an import economy that adds no value but more woes to the growth and development of SW and Nigeria at large.

10 Likes 1 Share

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by BIZNess123(m): 11:17am On May 05, 2023
cool
Since it is owned by a Nigerian it is a welcome development

3 Likes

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by frog12: 11:17am On May 05, 2023
who is this young man a front for grin grin grin
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Segzy19: 11:18am On May 05, 2023
What would it cost you to have read the news or even quickly scan through? 😒😒😒 Na like this people dey fail exam o... 😏 It's Neveah not Nivea....
Always grabbing and running with the headlines....


Emeskhalifa:
Niveah ke?
You mean the same one selling cream? Topped Dangote? Hmmm ok o lipsrsealed

10 Likes 2 Shares

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Segzy19: 11:19am On May 05, 2023
Guess you have started it already...😒😒😒

BIZNess123:
cool

This thread will soon be turned to tribal e war
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Cutehector(m): 11:20am On May 05, 2023
Investors will rush that company now

1 Like

Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by haybhi1(m): 11:21am On May 05, 2023
Great.
Capitalism is the engine oil of the world.
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by WorldRichest: 11:28am On May 05, 2023
Patrickyemi:
My name will be number 1 this time next year

Next year? Shey you wan do money rituals ni?
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by alpharoyalty: 11:31am On May 05, 2023
Why is buhari name not there
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Johnn44: 11:36am On May 05, 2023
wink
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Hndrrxxx(m): 11:40am On May 05, 2023
Yy
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by AndroBlaze: 11:40am On May 05, 2023
BIZNess123:
cool

This thread will soon be turned to tribal e war

Post retracted.
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by omoluka: 11:42am On May 05, 2023
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by BloomingDale(f): 11:44am On May 05, 2023
Invest in their companies to your own detriment and watch your money get swallowed up by them.
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by sofeo(m): 11:44am On May 05, 2023
Alright, good information.
Re: Neveah Makes Financial Times 2023 Africa’s Fastest Growing Companies Ranking by Airlord2030: 11:46am On May 05, 2023
Twistaray:
This is the kind of company we want in SW contributing to the growth of the economy of the SW and the country and adding value through exports and production. We don't want an import economy that adds no value but more woes to the growth and development of SW and Nigeria at large.
God bless you..

this is what I am trying to tell misano 😂😂😂

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