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Forbes Scores GTBank Best Employers 2026
Forbes said companies did not pay to participate or secure selection.
Guaranty Trust Bank has emerged as the only Nigerian company among the 10 highest-ranked African businesses on Forbes’ World’s Best Employers 2026 list.
The bank ranked 277th globally and seventh among African companies, breaking South Africa’s near-total dominance of the continent’s top 10 entries.
Nedbank led the African contingent at 26th globally, followed by Standard Bank Group at 54th.
Absa Group and FirstRand occupied 98th and 104th positions respectively, Business Insider reported.
African top 10 and global positions
The African top 10 was drawn from Forbes’ worldwide ranking, rather than a separate competition assessing every employer on the continent.
The leading African entries span financial services, telecommunications, energy, chemicals and healthcare.
The full African positions were: Nedbank at 26th, Standard Bank Group at 54th, Absa Group at 98th, FirstRand at 104th, MTN Group at 133rd, Investec at 197th, Guaranty Trust Bank at 277th, Sasol at 298th, Mediclinic International at 460th and Sanlam at 470th.
GTBank was Nigeria’s sole representative in this group, while the remaining nine entries were South African companies.
The positions stretched from Nedbank’s 26th place to Sanlam’s 470th.
Financial services dominated, accounting for seven of the 10 companies when Sanlam is included alongside the six banking groups.
How Forbes compiled the ranking
Forbes compiled the ranking with research company Statista, surveying more than 300,000 employees across over 50 countries.
The research covered multinational businesses employing more than 1,000 people.
Ultimately, 900 companies headquartered in 52 countries made the final list.
Participants assessed benefits, talent development, working conditions and training opportunities.
They also indicated whether they would recommend their employers to friends and relatives.
Respondents could evaluate former employers they had worked for within the previous two years, alongside other companies they knew through professional or personal connections.
The scoring incorporated earlier survey data, with greater weight assigned to recent responses and assessments from current employees.
Forbes said companies did not pay to participate or secure selection.
News
NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.
The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.
During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.
Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.
“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.
He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.
Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.
“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.
Watch video below:
News
Sanusi: Critics Are Not Enemies Of The Govt
” It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.
The Emir of Kano, Alhaji Muhammadu Sanusi II, has advised the Federal Government against treating every comment about the administration as an attack on President Bola Tinubu.
The royal father gave the advise on the occasion of the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tan.
Speaking virtually to the audience at the event, on Tuesday, Sanusi advised the government to tolerate constructive criticism.
“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.
News
Urbanisation: Lagos To Fall Behind Luanda as sub-Saharan Africa’s biggest city by 2050
The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.
A report conducted by the World Bank and the European Commission’s Joint Research Centre, has projected that Angola’s capital, Luanda,will overtake Lagos as sub-Saharan Africa’s most populous city by 2050, rising by 78 percent from 11.4 million to 20.3 million.
The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.
The report estimated that Luanda’s population would increase from 11.4 million in 2025 to 20.3 million in 2050, adding 8.9 million residents over the period.
Lagos, the region’s most populous city in 2025 with an estimated 12.8 million residents, is projected to grow to 16.2 million by 2050, an increase of more than 25 percent.
Despite the growth, Lagos is expected to fall behind Luanda, whose population is projected to exceed that of Nigeria’s commercial hub by 4.1 million.
“Over this period, the population of Angola’s capital city, Luanda, is projected to increase by 78 percent from 11.4 million to 20.3 million.
In doing so, Luanda will overtake Lagos as SSA’s most populous city,” the report said.
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