Obijackson subsidiaries get listing in London Stock Exchange

The London Stock Exchange recently listed three companies from Obijackson Group.
This was during the Exchange’s inaugural edition of ‘Companies to Inspire Africa’ report. The three companies from the Obijackson Group are as follows: Nestoil, Energy Works Technology (EWT) and B&Q Dredging.
Nestoil Limited is an indigenous company in Oil and Gas Pipeline Construction, EWT is an ISO 9001: 2008 UKAS certified manufacturer of Pressure Vessels, Process Plant Equipment, and Oil and Gas Steel Structures Fabricator in West Africa, and B&Q Dredging has fleet of Dredgers in Nigeria.
The report showcases Africa’s success stories to international investors, policy makers and other stakeholders in the global space.
According to a commentary by the World Bank Treasurer, Ms. Arumah Oteh, “The companies profiled in this Report, not only generate vital employment opportunities and contribute to sustainable economic growth, but are also the bastions of Best Practices and Good Corporate Governance. They have also had to weather the challenges that African private entities often have to contend with, notably a difficult operating environment, weak infrastructure and inadequate access to finance”.
In a related development, the CEO of the London Stock Exchange Group, Xavier Rolet KBE noted that “the motivation behind researching and publishing this report, was to demonstrate what we instinctively believe – that these companies are fundamental to the successful future of the African economy, with enormous potentials for growth and high quality job creation. High growth private companies are fast becoming the driving force behind African economies: and are developing skills, creating high quality jobs and driving economic growth”.
The ‘Companies to Inspire Africa’ Report identified 343 companies across 42 African countries, and these included three subsidiaries of the Obijackson Group.
Commenting on this achievement, Dr. Ernest Azudialu-Obiejesi Group Managing Director of the Obijackson Group said “This recognition has joined the list of factors propelling our Group forward to the achievement of greater level of Best Practices, Good Governance, Quality and Efficiency, in our effort to help lift a huge number of people out of poverty on the African continent. We happily accept the recognition and interpret it as a call for us in the Obijackson Group to remain focused in our mission of contributing substantially to economic growth, further creation of quality jobs, training and sustaining some of the best talents in Africa, generation of tax revenues and helping to drive forward our continent of Africa that is home to more than one billion people”.
In building the list of ‘Companies to Inspire Africa’, the London Stock Exchange Group collaborated with several reputable international organisations with a history of unwavering credibility. These organisations included Price Waterhouse Coopers (PwC), CDC Group, African Development Bank and other notable institutions.
The rigorous evaluation process which resulted in the identification of the nominated companies included an analysis of the company status, evaluation of demonstrated growth capacity over the past three years in terms of revenues, staff strength and operational output. Revenues analysis was based on audited financial accounts, undertaken and accredited by a “Big Four” audit Firm.


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