Signal Alliance Rated In Top 50 Fastest Growing Companies

AllWorld Network in partnership with The Tony Elumelu Foundation has listed Signal Alliance among top 50 fastest growing (non-listed) companies in Nigeria termed “Nigeria50”. The Nigeria50 is a ranking of 50 of the fastest growing private (non-listed) companies in Nigeria. The Awardees broke AllWorld records, with each company growing at an average 100% a year on revenues of $9 million USD, and as a group they have created 6,600 jobs, and if they continue growing, will create thousands more in the next few years.

Companies were invited to compete for a spot on the Nigeria50, and those with the fastest revenue growth between 2009 and 2011 made the inaugural ranking. Thousands of emails were sent to companies around the country inviting them to apply. Each company had to provide audited statements to confirm their revenues and each applicant’s business practices and ethics were strenuously vetted by AllWorld. The fastest growing and most transparent became the Nigeria50.

The inaugural winners were announced worldwide at the Nigeria50 Awards & Summit in Lagos in front of an audience of 350 entrepreneurs and business and government leaders including The Honorable Minister of Trade and Investment, Olusegun Aganga; Tony O. Elumelu C.O.N., Chairman of Heirs Holdings and Michael Porter the world-renowned Harvard Business School Professor and Chairman of AllWorld Network.

Signal Alliance Ltd. realizes that the strength of its business stems from the strength of the local Nigerian talent. Says Collins Onuegbu, CEO of Signal Alliance “This award belongs to our people who have committed themselves to building a company that we are all proud of. We will continue to invest in local talent and continue our philosophy of providing the best education for staff that show capacity to learn. This is important to keep the company growing year to year as the industry we play in constantly evolves.”

Commenting on the success of the winners at the Awards Ceremony, AllWorld co-founders Deirdre Coyle and Anne Habiby urged country leaders to champion the initiative. “With the right support, the Nigeria50 will send a signal far and wide that the country is open for business and will energize thousands, if not millions, to work for or become entrepreneurs. The award winners can become the country's new force for competitiveness, economic innovation and employment.”

The winners were in Lagos for the two-day Nigeria50 Awards & Summit from March 21-22. The Summit was an action packed two days featuring the Nigeria50 along with prominent speakers, panel discussions, networking sessions, and Nigeria50 Awards Event. Over 150 representatives from the winning companies were in attendance and close to 200 VIPs and influencers.