25 Nigerian Firms with Rapid Growth.
- Omniretail Inc
- Sector: B2B e-commerce
- Growth: 66,294.9% increase in revenue (N89.3 million in 2019 to N59.3 billion in 2022)
- Employee Growth: 8,045% (11 employees in 2019 to 896 in 2022)
- Founder: Deepankar Rustag
- Moniepoint Inc (formerly TeamApt)
- Sector: Fintech
- Growth: 7,979.4% increase in revenue ($1.84 million in 2019 to $148.66 million in 2022)
- Employee Growth: 111 employees in 2019 to 962 in 2022
- Founder: Tosin Eniolorunda
- AFEX Commodities Exchange Ltd
- Sector: Agriculture, Forestry & Fishing
- Growth: 5,733.12% increase in revenue (N3 billion in 2019 to N176 billion in 2022)
- Employee Growth: 562% (59 employees in 2019 to 391 in 2022)
- Founder: Ayodeji Balogun
- MyCredit Investments Ltd (FairMoney)
- Sector: Financial Services/Digital Lending
- Growth: 1,719.13% increase in revenue (N3.3 billion in 2019 to N60.5 billion in 2022)
- CEO/Co-founder: Laurin Hainy
- Alpha Morgan Capital Managers Ltd
- Sector: Asset Management and Investment Banking
- Growth: 994.85% increase in revenue (N533 million in 2019 to N5 billion in 2022)
- Managing Director: Ade Buraimo
The ranking by Financial Times and Statista is based on the compound annual growth rate (CAGR) of revenue from 2019 to 2022. These companies have shown remarkable growth and resilience, reflecting the dynamic business environment in Nigeria.
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