Jobberman Best 100 Companies to Work For in Nigeria 2016

| 9 min read
Best 100 Companies to Work For in Nigeria 2016 (1)

Which organisations are the leading brands to work for?

Jobberman has reviewed the list of the best places to work in Nigeria to provide a comprehensive rating of employee satisfaction and commitment to different employers in Nigeria.

Below is an infographic of the 100 companies that made the 2016 list at a glance.

List of Best 100 Companies in Nigeria to Work For 2016

The 3rd Annual Jobberman Best 100 Companies To Work For focused on identifying, recognising and celebrating top employers in Nigeria, as rated by employees and professionals. The ranking also provides insight to job seekers on companies they should have their eyes on, for employment and career growth, as well as providing opportunities for business prospecting.

Best 100 Companies to Work For in Nigeria 2016 (1) conducted online surveys with experts across all industries utilising its 2 million+ database of entry-level job seekers and seasoned professionals; as well as reaching out through email, social media, and partner channels. The survey captured questions on work experience, salary parameters and working conditions.

Best 100 Companies to Work For in Nigeria 2016 (2)

The key work parameters highlighted in the survey were as follows:

  • Gender
  • Age
  • Employment Status
  • Level of Experience
  • Monthly Salary
  • Current Organisation of Employment
  • Reasons for Commitment to Current Employer
  • Job Satisfaction
  • Career Growth Prospects
  • Work-Life Balance
  • Staff Welfare
  • Equal Opportunity Policy
  • Company Culture

Best 100 Companies to Work For in Nigeria 2016 (3)


Best 100 Companies to Work For in Nigeria 2016 (4)


Best 100 Companies to Work For in Nigeria 2016 (5)


Best 100 Companies to Work For in Nigeria 2016 (6)


Respondent Categorisation

Only responses from employed respondents were considered, on the premise that employed respondents are better qualified to provide accurate and unbiased views on their current or past organisations.

All respondents were classified according to Age Bracket, Seniority Level, Monthly Salary and duration at the company. Only seniority level had a weighting and impact in the final results with the senior level carrying the most weighting and entry-level carrying the least. The Business Owner level carried no weighting so as not to make the results biased.

Respondents were asked to rate their current employer on the following satisfaction metrics, using a 5-point system ranging from Not Satisfied to Very Satisfied:

  • Job Security
  • Monthly Salary
  • Career Growth Prospects
  • Company Management
  • Work/Life Balance
  • Staff Welfare
  • Employee Relationship
  • Gender Equality
  • Organisational Structure

The responses here were weighted and used to qualify and rank all 172 nominations for the Top Employers to work for.

Nominations by current and former employees had a higher weighting than those who nominated companies based on hearsay or public perception. The final scores per company were then normalised to take account of companies who have thousands of employees. Only companies confirmed to have more than 50 employees were considered in the final result.

The major work parameters responsible for the satisfaction ratings indicated above were centred primarily on Monthly Salary, Work/Life Balance, Career Growth and Advancement, Welfare Benefits and Job Security in order of importance.

Respondent Overview

A total of 2,013 valid responses were considered in the final analysis.

  • 32.7% female and 67.3% male.
  • 71.9% of the respondents were between the ages of 26 and 40.
  • Seniority parameters were as follows: Entry-Level 32.9%, Middle-Level 46.6%, Senior-Level 17.7% and Business Owners 2.8%.
  • 51% of respondents earn under NGN100,000 (US$200) monthly, 23% of respondents earn between $200 and $300, 15.9% earn between $300 and $600, 6% earn between $600 and $1000 with only 4.1 % of respondents earning over $1000 monthly.
    (The exchange rate as at 31st January 2017 of US$1: NGN500 has been used.)
  • About 56% of respondents have been working for their current organisations for up to 2 years. 28% of them have been with their current employer for between 2 and 5 years while 9% had been with their current employer for over 7 years.
Best 100 Companies to Work For in Nigeria 2016 (7)
Figure 1: Graph showing overall employment satisfaction of respondents

The majority of survey respondents indicated being fairly satisfied with their current employment while 21.9% expressed dissatisfaction overall. Only 6% of the respondents indicated they were very satisfied overall while 21.2% were just satisfied.

Best 100 Companies to Work For in Nigeria 2016 (8)
Figure 2: Graph showing employment metrics and satisfaction levels of respondents

According to the survey, only 13.8% of respondents were highly satisfied with their jobs. This did not come as a surprise judging from the fact that only 10.6% of respondents enjoy a very satisfactory work-life balance. Another source of the dissatisfaction expressed by respondents was credited to only 5.4% of them being satisfied with their monthly salary. The frustration experienced by employees can also be attributed to poor career growth prospects, where only 17.8% of respondents were satisfied. To highlight the dissatisfaction even further, only 15.1% considered their employer’s organisational culture to be excellent. One highlight that also raised great concerns was staff welfare where only 8.7% of the respondents considered their company’s staff welfare excellent.

These figures clearly reveal a need for companies to improve on job satisfaction for their employees with a focus on better salaries, improved staff welfare packages, a more robust work-life balance, a stronger organisational culture and enhanced career growth prospects for employees.

Best 100 Companies to Work For in Nigeria 2016 (9)


Culture matters

Best 100 Companies to Work For in Nigeria 2016 (10)

A total of 72 organisations that made the Best 100 cut are run by Nigerian CEOs while 28 of these companies are run by Expatriate CEOs; reflecting the importance of culture and local knowledge in order to thrive in Nigeria.

59.3% of respondents were of the opinion that their work commitments were appreciated by their organisations. Another 63% were open to referring their company to others seeking employment.  

Job Mobility on the Rise

Best 100 Companies to Work For in Nigeria 2016 (11)

When asked if respondents saw themselves working with their current employers for the next two years, 51% did not, while 15% responded that they would, 33.9% of the respondents were unsure.

Multinationals are the cream of the crop

Best 100 Companies to Work For in Nigeria 2016 (12)

A total of 60 multinational organisations made the cut for best companies to work for in Nigeria. 8 of these organisations rank in the top 10 companies on the list, followed by 2 local brands in the financial and e-commerce sectors, respectively. Of these multinational companies, 19 of them are privately run while 36 are publicly listed companies.

Local companies on the rise

Best 100 Companies to Work For in Nigeria 2016 (13)

The rankings show that 42 of the best companies listed started in Nigeria and cut across the Financial Services, ICT, Media, Power, Oil and Gas, Aviation, Outsourcing and Professional Services sectors. In total, 27 local companies were listed with 20 of these organisations being privately owned while 13 of these organisations are publicly listed companies.

Government-owned organisations totalled 13 of the Best 100 with 80% of them being in the  Oil and Gas; Financial Services; Logistics; and Aviation Sectors.

Healthcare is a big focus for Non-Profit Organisations

Best 100 Companies to Work For in Nigeria 2016 (14)

7 Non-Profit organisations were listed as the best places to work. 3 out of these 7 organisations are United Nations’ (UN) organisations while 4 of them are health-care focused.

24 of the companies dominated the Nigerian Stock Exchange (NSE)

Best 100 Companies to Work For in Nigeria 2016 (15)

With ‘Power Law’ at play in 2016, a total of 39 companies out of the 100, represent approximately 80% of the market capitalisation of the entire Nigerian Stock Exchange (NSE).

Most FMCG’s on the list are Publicly Quoted

Best 100 Companies to Work For in Nigeria 2016 (16)

In the FMCG sector, 13 organisations were ranked as best to work for. It was interesting to know that 10 of these organisations are all publicly quoted companies. 11 of these organisations are multinational companies with CHI Limited and Flour Mills ranking top for the local brands. Only 4 FMCGs listed started in Nigeria.

Financial Sector is the least resilient sector with nine banks dropping off the list

Best 100 Companies to Work For in Nigeria 2016 (17)

Amidst the heavy job cuts across financial services sector in 2016, a total of 19 financial institutions were considered best places to work. 8 of these being multinationals. In 2015, a total of 17 banks made it to the list of best companies to work for. In 2016, the number of banks on the list dropped to 10; with Skye Bank, UBA, FCMB, Stanbic IBTC Bank, Sterling Bank, Diamond Bank, EcoBank, Mainstreet Bank and Keystone Bank not making the list.

Oil & Gas still resilient and the most attractive sector

Best 100 Companies to Work For in Nigeria 2016 (18)

Despite the decline in oil prices, 13 Oil and Gas companies were listed on the Best 100 Companies to Work For; with 70% being multinational companies and NNPC ranking highest for the local brands.This was an improvement from our last report with only 8 oil and gas organisations making the best 100 cut. The Oil and Gas sector also emerged as the industry with the highest-paid median. It recorded the best compensation and benefits with NGN500,000 as monthly salary for entry-level employees.

Educational institutions take the backseat

Best 100 Companies to Work For in Nigeria 2016 (19)

No educational institution in Nigeria made it to the list of 100 Best Companies to Work For. This draws attention to the 2017 budget proposal, where only 6 percent (N448.01 billion) of the N7.30 trillion budget was allocated to education. This figure is a far cry from the UNESCO standard of 26%.

Funding helps

Best 100 Companies to Work For in Nigeria 2016 (20)

In the ICT sector, 13 organisations were listed with over 62% of these companies being multinational and 6 of them founded in Nigeria. 5 internet companies: Konga, Jumia, Iroko Partners, Uber and Andela are internationally funded companies that have attracted an excess of US$500 million. Among the 7 Telecommunication brands that made the list of Jobberman Best 100 Companies to Work For, 85.7% of them were multinational organisations including locally founded establishments. Interestingly, only 2 out of the 7 companies were founded in Nigeria. These were Nigerian Communications Commission and Glo.

Three of the Four Industrial Groups are involved in Cement Production

Best 100 Companies to Work For in Nigeria 2016 (21)

In the industrial sector, 4 organisations were considered the best place to work. All of which are multinationals. 2 of these companies started in Nigeria. 3 out of 4 of the listed companies are pursuing cement manufacturing as a major line of business.

Here are the Jobberman Top 100 Companies to Work for the Year 2016:

  1. General Electric
  2. Airtel
  3. Ericsson
  4. Google
  5. Shell
  6. Guaranty Trust bank
  7. First Bank
  8. Andela
  9. Union Bank of Nigeria
  10. Konga
  11. Nestle Nigeria PLC
  12. Integrated Corporate Services Limited (ICSL)
  13. Cool FM Lagos
  14. Nigerian National Petroleum Corporation (NNPC)
  15. Leadway Pensure PFA Limited
  16. Chevron
  17. KPMG
  18. Nigerian Bottling company Limited
  19. UAC PLC
  20. Courteville Business Solutions PLC
  21. Exxon Mobil PLC
  22. Nigerian Port Authority (NPA)
  23. Nigerian Breweries PLC
  24. Institute of Human Virology Nigeria
  25. Central Bank of Nigeria
  26. AXA  Mansard Insurance PLC
  27. Access Bank PLC
  28. Lafarge Cement WAPCO PLC
  29. Public and Private Development Centre Limited (PPDC)
  30. Nigeria LNG Limited
  31. Dangote Group
  32. Aluko & Oyebode
  33. Insight Communications Limited
  34. Honeywell Flour Mills PLC
  35. MediaReach OMD Limited
  36. Total PLC
  37. IBM
  38. SystemSpecs Limited
  39. Seplat Petroleum Development Company PLC
  40. Interswitch
  41. CHI Limited – TGI Group
  42. Cummins West Africa Limited
  43. BUA Group
  44. APIN Public Health Initiatives
  45. Reckitt Benckiser
  46. Guinness PLC
  47. UNFPA
  48. MTN
  49. Huawei
  50. Maersk
  51. Accion Microfinance Bank
  52. Wema Bank PLC
  53. Zenith Bank PLC
  54. British Tobacco Company
  55. United Nations (UN)
  56. Procter & Gamble
  57. Levant Construction Limited
  58. Microsoft
  59. Unilever PLC
  60. World Bank
  61. Nigerian Communications Commission (NCC)
  62. British Airways
  63. Seamfix Nigeria Limited
  64. Aggreko Project International
  65. Jumia
  66. DHL Express
  67. World Health Organisation (WHO)
  68. GlaxoSmithKline (GSK)
  69. Federal Inland Revenue Service (FIRS)
  70. Etisalat
  71. Mastercard
  72. ECOWAS
  73. iROKO Partners
  74. Fidelity bank PLC
  75. Agip Oil Company Limited
  76. Lagos TV (LTV)
  77. Nigerian Deposit Insurance Corporation (NDIC)
  78. Sahara Group
  79. US Embassy
  80. AIICO Insurance PLC
  81. IHS Nigeria Limited
  82. Deloitte
  83. Schlumberger Nigeria
  84. Federal Airports Authority of Nigeria (FAAN)
  85. Globacom
  86. Africa Finance Corporation
  87. Nigerdock Nigeria PLC
  88. Accenture
  89. Niger Delta Development Commission (NDDC)
  90. Standard Chartered Bank
  91. FHI 360
  92. Flour Mills of Nigeria PLC
  93. Federal Civil Service Commission
  94. Uber
  95. African Development Bank
  96. Sanofi Pharmaceutical company
  97. Addax Petroleum
  98. Nepal Oil and Gas Services Ltd
  99. Cadbury PLC
  100. APM Terminals



Samod Biobaku
A Nigeria-based writer and blogger who has written and edited for top brands including The SUN, Punch, Newswatch,, Bigsam Media, Nigerian Bulletin, Swish Interativ, Hello Nigeria, National LIFE, iCampus, Jobberman and Cheki.


  1. This list is a reflection of how businesses are moving from profit-domination alone to human value capital. Great job to all the companies listed here. The wok they have is now to keep their spots or become better!

    • Hello AndroidRev,
      Thanks for reading the article. We appreciate your comment and we share your line of thought on your submission on human value capital. Businesses all over the world are experiencing a change and if this persists, the future of the workforce will be heavily impacted. We believe companies will strive to maintain their spots or rate even better than they did in 2016. We look forward to reading from you again.


  2. Great to see that Jobberman has taken it’s place as an instrument for change in the area of Employee Welfare . This will put companies on their toes and encourage healthy competition that will benefit the employees. Now we know someone is watching via information gathering and report cards will be published annually. Great Job guys!

  3. Thanks Jobberman for an insightful piece. For future articles, I will like to see how you measure companies’ readiness for the changes in the workplace that will take place in the next five to ten years. With the very diverse interests of millennials and the incoming Generation Z, what plans have these companies put in place to accomodate these interests? There will be a demand for more flexibility with working hours, working from home, reverse mentoring for older generations etc. It will be interesting to get a measure of their readiness. Great job!

  4. It amazes me that no electricity distribution company made the list. However, this list shows a reflection of what happens on the inside of these companies. Nice work.

  5. Great work and very good attempt. At least we have our own top 100 Nigerian companies to work for. Surprisingly there are many companies i was expecting to make it but were not listed, especially in the hospitality industry and health care.

    • Good one! Oga Mariere Felix Otah good to here from you in this platform. Your former co-worker in VDT Julius Olatise. Cheers.

  6. I wish some CEO’s will read this and up their game. Some company executives treat their employees like modern day slaves and end up driving talents away from their organisations. This list is a true reflection of the HR initiatives that should also be imbibed by companies to hire talents and retain them. Its a pity that despite the short supply of quality manpower, some organisations have refused to wake up and embrace changes that will usher in a new realm of sustainability in the way things are managed.

  7. Employee happiness is an integral part of the overall sustainability of a company. The view of employees as just “salary earners” is changing all over the world to taking employees as key internal stakeholders in the success of any venture.

  8. Kudos for the extensive research. I was reading HBR magazine today and a CEO of a certain company wrote that he is now learning to be more emotional than rational towards his employees. I think that’s the way to go and all companies must understand their workers are not just money making machines or automatons but humans – with emotions.

    Permit me to also add that we have also created a similar ambiance and peaceful atmosphere at WAVETRA ENERGY and we don’t even have employees but partners!

    Kudos once again.

  9. Infographics shown in this article is awesome…It communicates a compelling research to the readers. Great Job!!

  10. Most of the companies at the top of the list don’t come as a surprise. They obviously imported a structure that is mainly people-oriented from other climes into Nigeria. The fact that over half of the companies are multinationals attests to the unfortunate fact that the local ones still think that people are more expendable than their core business, hence many of them keep dying every year because a critical mass of staff who are of considerable value move to better work environments.

  11. No SMEs on this list. I guess they can’t make a spot unless the staff strength is huge. Was hoping to see the organization I work for (WAVE ACADEMY) on this list. Would be nice to know if we made the list at all so we are encouraged to participate more in exercises like these. Great job guys, keep it up.

  12. This was extensive and great research work done here by Jobberman! But how come Jobberman did not make the list??

  13. I am quite amazed that Airtel ranks before companies like google and shell, what has changed? I also quite impressed by coolFM…I great station, great culture.

  14. If CHI Limited could make top 50, then I doubt the authenticity of this finding. Non of the guys I’ve met working there were satisfied working with the company. I stand to be corrected, most of the companies managed by Indians in this country still have a long way to go in terms of job satisfaction. Please go find out!

    • Hello Jide,

      Thank you for writing in. It’s okay to be startled by list but the feedback from the survey was from employees who work with these organisation. The report was derived from a survey and not an investigation of any sort. Wishing you an amazing day and looking forward to reading from you.


      • I am surprised PZ Cussons did not make the list. Did you share this survey with all employees from the company?

      • Fantastic work Samod. Shows a deep level of research on your part. Hopefully, in the 2017 report you may cast your net wider to a few other laws firms like AELEX and Banwo & Ighodalo which I believe should be on this list as well

        • You are right Samuel. Law firms like AELEX and Templars also appear to be good firms where they have strong work ethics. However, not all firms or companies can make this list (bearing in mind that even Jobberman itself did not make this list!). Nice work sir.

  15. I wish to apply for the opportunity through your organization, and if my request is granted i promise to discharge my duties to the best of my ability.

    Taiwo Mutiu

  16. This is a good list. I am happy you don’t have any chinese or korean companies here. They are slaughter homes and they don’t reflect any of the parameters you have used for arriving on this list. If you guys can go one step further to get a company review page it would help a lot. This way Nigerians don’t need to depend on the government to stand up for them when these companies come down to denigrate and harras the Nigerian worker. We need to hold these companies accountable and if the government would not do it then technology can drive it.

  17. i know bank like Diamond Bank will be like 999,999th if Nigeria has such number of Companies. Diamond Bank is career killer.

  18. This is a great one. It this can be done on yearly basis, it will go a long way in opening the eyes of the mass.

  19. This is satisfactory and exciting to know peoples lives are taken seriously, knowing that the working conditions can affect productivity. I am pleased to have this knowledge about working conditions in these companies.
    To jobberman : can I get listed as an applicant to the top 10?

  20. i commend Jobberman for the effort put into compiling this list. However, i must state that i do not entirely agree with the ranking of the list.
    1. firstbank does not deserve to be in the top 10. their entry level pay is relatively poor compared to others in the top 10, they overwork staffs, they underpay pension,etc. they pay 2000 for saturday and sunday work.
    2. No Chinese, Indian and or even Asian owned company should be on the list. They have little or no regard for staffs’ welfare, they abuse workers, they rarely have career paths. I have worked with a few.
    3. how can you rank exxon mobil 21st. Exxon mobil is the best company in nigeria as far as i am concerned. Even their contract staffs are better off bankers and telecoms engineers
    4. Including UAC in the top 20 messed up the list. UAC that pays even Masters degree holders 70k. Then keep you on same level for 10 years
    5. Lagos TV. I guess this is a Joke.
    6. Huawei… I have never in come across one happy huawei staff. Please inform me when you find one.

    Nonetheless, you guys did a good job…. kudos

  21. Great work guys.

    The result might not entirely represent the views of all Nigerian employees due to the limitation of surveys. However it’s a great start and I believe over time with greater publicity more people will participate in the survey to improve the output.


  22. i have some reservation, but for union bank am most certain the listing was merited….have being with them for almost 4years and we have drastic improvement on employee development and welfare

  23. Good writing, Samod.

    Trust Jobberman can and will improve on the methodology for these rankings as time goes on.

    Some observations:

    1. In practice, companies do not jump from >40th positions to <10th positions under a year. Examples abound on this 2016 list when compared to your 2015 rankings. There usually is some level of consistency and gradual growth/ decline in the ranking of organisations. See,19.htm

    2. A sample size of 2,013 valid respondents to rank ~167 companies (circa 12 employees/ company) is not necessarily representative. Check out

    3. Jobberman will do well not to damage her reputation by publishing survey reports that do not fully reflect reality. Bulk of (entry, mid-level and senior) employees within some of the highly-ranked companies will be having a good laugh at Jobberman's expense – any and every thing out of Jobberman's stables(including other service offerings) are likely to be treated with a pinch of salt by key stakeholders going forward.

  24. This is a job well done and i hope it is not academic exercise rather thoroughly enhancement for future growth in Naija. Well done!!!

  25. KPMG Nigeria number 17????? Is this a joke? Those slave drivers. You work 24 hours for the tiniest pay. They will now hire wande coal and dbanj to come and sing at events. Money they can add to salary Instead.

    They should be number 150.

  26. The simpler smarter banking services introduced by Union Bank Plc is greatly paying off. What a way to impact and lead in their centennial year!

  27. Great insight, presentation, and analysis. However, not sure the report is statistically valid considering you used only 2,013 responses for the final assessment. This averages 20 respondents for each of the organizations, not sure of your real sample size and the overall response rate. I would hope that you employ means to improve response in subsequent reports. Thank you for the great insight.

  28. Great article. It’s indeed an astute observation of the current working conditions of Nigeria/Nigerian–based firms.

    Below are my suggestions

    1. A report on some of the poorest firms to work for in Nigeria should be done. It will further help to curtail employer’s excesses towards their employees.

    2. I quite agree with Jide’s comment on measuring companies readiness for change. It gives employees me really assurance that their companies have a plan for the future.

    3. A measure to prospect for possible occurrence (some form of forecasting) shd also be considered.

    4. Lastly I am really disappointed with the salary shown in the report. If the very best 100 companies pay this less in Nigeria then there is no hope of prosperity for the average employee.

    Thanks Said and the Jobberman team for this good piece.

    Lastly, can we have a PDF version?

  29. Good job. I’m very surprised PWC and MCKINSEY didn’t make the list though. I would like to know why.

  30. i have some reservation, but for union bank am most certain the listing was merited….have being with them for almost 4years and we have drastic improvement on employee development and welfare…

  31. Jobberman you tried small but i seriously doubt some of the companies that made the list. Was hoping to find some companies on the list, but nay, you guys chose your f*cking customers

  32. It is quite interesting to see the like of Konga in the top ten, while Zenith Bank languishes at number 53. I guess times do change. Overall, the list was thoroughly put together. Great job folks!

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