In today’s world of business, good company websites have become important tools which are essential to have. Not only do they provide some credibility to businesses, they also serve as easy platforms through which customers can connect to companies and transact businesses.
In Nigeria, business owners who understand the immense benefits of good company websites are willing to spend millions of naira to get one. Unfortunately, not all Nigerian company websites are good.
For this week’s company focus on Nairametrics, we have decided to do something different. We are focusing on the thirty biggest companies on the Nigerian Stock Exchange (otherwise known as the NSE 30), examining and ranking their websites from worst to best. This is purely from a user’s perspective.
Note that some yardsticks were used to determine this ranking, the most important being site security. In other words, how safe is it to use these websites? Are customers exposed to risks when they transact businesses on the websites? Unfortunately, quite a number of the sites examined are not adequately secure, as you will see shortly.
We also considered other important factors, including how easy (or not) it is to use these websites. What is the user interface like? How fast (or otherwise) do these websites load Do users find it easy to navigate the sites for much-needed information? As a matter of fact, how strategic are corporate information located on the sites? Also, are the sites elegant to behold?
It is important to note that because Nairametrics is a business news website catering to a unique audience of stock market investors, we particularly considered the following pages of the websites-
- About the company
- Investor relations
- Names of the company’s Executives and Board members,
- Contact information
- News updates about the company’s activities.
Check out the ranking and share your thoughts (based on your experiences) on each of the sites that has been ranked. Enjoy.
30 – Dangote Sugar Plc
Dangote Sugar may know how to make its customers’ lives sweeter, but the company does not know how to own and maintain a good website. This is because it has the worst website out of all the thirty others ranked on this list.
As a user, you are bound to fear for your online safety the moment you visit the site. This is because the only thing you will see are warning signs telling you that “your connection is not private”. The website is not secure. You may take a quick look and flee fast: https://dangotesugar.com.ng/
29 – Diamond Bank Plc
Diamond Bank is one of Nigeria’s most prominent banks, which is why it is expected to have a really good business website. But does it?
Having taken the time to examine and reexamine this site, we discovered that while it has its good features, there are also some issues that can be fixed in order to ensure optimal performance. For instance, the website is undoubtedly a beautiful one. It also has the necessary information strategically located in accessible portals. In other words, the site has a relatively fair user interface.
However, the site can be better. As you may already know, speed and security are very important when it comes to internet usage. These are the things Diamond Bank need to improve on to have the ultimate business website. https://www.diamondbank.com/
28 – NASCON Plc
Much like Dangote Sugar Refinery, NASCON Plc does not have the best business website in Nigeria. This shows a pattern within the Dangote Group, whereby much attention is not given to websites as they ought to.
The truth is that this site could be better. In terms of security, improvements are needed. Aesthetically also, a lot more work can be done. The company should also consider optimising the site’s load speed and user interface. This is important because inasmuch as NASCON is one of the most capitalised corporate entities on the NSE, one thing it lacks is a good website. This needs to be resolved. http://www.nasconplc.com
27 – 11 Plc
11 Plc does not have the most beautiful business website in Nigeria. It is not the most functional site either. Security needs to be improved upon, and so is the site’s load speed. Other than those problems, the website is a relatively good one which users can easily navigate. Important information about the company is also well situated on the site. We rank it number 28 out of 30. http://11plc.com/
26 – Stanbic IBTC Holdings Plc
This company has one of the most elegant and user-friendly websites in Nigeria. But as we have established, aesthetics is not all there is to good websites. There are other factors such as security, which should be a priority seeing hackers could easily target internet users. Load speed is also important.
That said, the company should consider optimising the site in order to ensure greater user experience. http://www.stanbicibtc.com/
25 – International Breweries
This company’s website loads fast. A lot of information about its daily activities are also splashed across the entire site, which makes it easy for users to navigate it. However, more could be done to optimise the site’s speed. This will make it easier for customers to easily navigate it. http://www.internationalbreweriesplc.com/
24 – Dangote Cement Plc
This company’s website is not secure. This is, perhaps not surprising, seeing as its ‘siblings’ aren’t secure either. Dangote Cement can also do well to improve on the site’s speed. Other than these, the site looks amazing. http://www.dangotecement.com/
23 – Forte Oil
To a great extent, Forte Oil can be said to have a really good company website. Information such as contact details and corporate details of the company are easy to find. It is also one of the most beautiful websites in the country.
However, it can be better. The pages can be made to load faster, even as the site security can be worked upon. In any case, it is still one of the best. http://www.forteoilplc.com/
22 – Nigerian Breweries
Although the Nigerian Breweries’ website is not in the top-ten-best categories, it still is one of the best business sites in Nigeria. This is because it is beautiful and easy to use.
Yet, there are some improvements that may need to be made. For instance, visitors do not have to verify their age when they visit the site. It is not ‘coo’, despite the logic behind it. More so, this site’s load speed and security can be improved upon as well. Come to think of it, are you old enough to view this site? http://nbplc.com/
21 – Transcorp Plc
Transcorp Plc has one of the most simple yet relatively functional websites in Nigeria. Site security is good, even as important company information can be easily navigated. But the company can do more to improve the site, especially site speed which is in urgent need of optimisation. https://www.transcorpnigeria.com/
20 – Okomu Oil Palm Plc
Okomu Oil’s website is quite functional. Its key features such as corporate information are well laid out in a way that customers of the bank and investors alike can easily navigate it. However, the website can do with some improvements. There is a need to improve on its security and speed. http://okomunigeria.com/
19 – Presco Plc
This company’s website depicts the nature of its business model which is agriculture. It is relatively functional, and that is why it is ranked at number 19 on this list. Meanwhile, the company can do well to optimise the security of the site as well as the load speed. http://www.presco-plc.com/
18 – Nestle Nigeria Plc
This site is not fully protected. Its loading speed is relatively fair. Vital company information is also conspicuously located. However, the site is not so beautiful compared to the others. https://www.nestle-cwa.com/en
17 – Total Nigeria Plc
Total’s website is red and beautiful. But beyond the aesthetics, it is also a highly functional website. Loading speed is fast, and it is easy to navigate. Unfortunately, it is not a secure site, something the company should consider optimising. http://www.total.com.ng/
16 – Julius Berger
Julius Berger’s website is secure, load speed is fast and very easy to navigate. But it is also too simple, to the extent that it can be mistaken for a private blog. We think the website can do with some lively colours and overall improved aesthetics. https://www.julius-berger.com/
15 – Dangote Flour Mills Plc
This is a pleasant surprise because this is the only Dangote website that is secure. The user interface is also relatively good. We are pleased and hope you are too! Take a look: https://dangote.com/our-businesses/
14 – Union Bank Plc
Union Bank’s load speed is fast. The user interface is also relatively good. But the site is rather too simple for a bank of this calibre. https://www.unionbankng.com/
13 – Fidelity Bank Plc
This bank’s website looks amazing. It is also functional and secure. We sincerely like it, but there are others better than it; therefore, it is number 13 on our list. https://www.fidelitybank.ng/
12 – PZ Cussons Nigeria Plc
This website is secure and fast-loading. Some vital information about the company is also well-positioned in the right places. It does not, however, have a chatbot. https://www.pzcussons.com.ng/
11 – Ecobank Plc
Ecobank Plc has a good-looking website which is also safe to use. The load speed is fair, and the user interface is okay. There is a live chatbot that can assist visitors with information while using the website. Take a look- https://www.ecobank.com/ng/personal-banking
10 – Unilever Nigeria Plc
We decided to rank Unilever Nigeria Plc’s website at number ten because it is simple, yet loaded. The site is very easy to navigate. Most importantly, anybody using it can be assured of their internet safety. https://www.unilevernigeria.com/
9 – Guinness Nigeria Plc
Guinness’ website is secure, colourful, informative and easy to use. We love how the images of the company’s products are splashed all over the site. User experience is also good. You can see more about the reason why we like it- https://www.guinness-nigeria.com/
8 – Seplat Petroleum Development Company Plc
It is not surprising that Seplat Petroleum has a perfect business website. After all, it is a perfect business. The site’s load speed is good, and so is the user interface. The website is also safe to use. See why we love it here- https://seplatpetroleum.com/
7 – Flour Mills Nigeria Plc
Flour Mill’s company website is a good one, and that is why we have ranked it at number nine. Some of the features that make it stand out include its high functionality and its great user experience. The website is also secure such that people can use it without fear of exposing their online details to hackers. https://fmnplc.com/
6 – Access Bank Plc
Access Bank’s website is definitely one of the best in Nigeria. It is not only beautiful to behold and safe to use but also easy to use. A perfect business website indeed! Take a look at why we love it- https://www.accessbankplc.com/
5 – FBN Holdings Plc
This is a good website, with all the necessary features and adequate speed. First Bank recently upgraded this website, which explains its improved functionality. However, the company may need to consider integrating a chatbot to this site. https://www.fbnholdings.com/
4 – Zenith Bank Plc
Zenith Bank has a fantastic website with a good user interface and security to guaranty safety. The site is also very well branded and elegant to behold. We just love everything about the site. See why here- https://www.zenithbank.com/
3 – Lafarge Africa Plc
Lafarge Africa does not only understand the importance of building houses with good cement, but they also understand the need for a perfect business website. Little wonder their website is so ‘green’ and beautiful. You could just stare at it for the rest of your life!
Asides the beauty, the site is also highly functional. The user interface is wonderful, and the load speed, fantastic. Above all, you can be assured of your security when you use this website. https://www.lafarge.com.ng/
2 – Guaranty Trust Bank Plc
It is a known fact that GTBank sets the pace and holds the ace when it comes to internet banking. It is, therefore, not surprising that the company has one of the best websites in the country.
The site is very elegant, functional and safe to use. It loads fast and navigation is easy. You can see for yourself why it is number one: https://www.gtbank.com/
1 – United Bank for Africa (UBA)
Without a doubt, UBA has one of the most functional websites in Nigeria. As a matter of fact, it is the best according to our ranking. This is a well-deserved position.
The website was recently upgraded, making it not just very aesthetic, but also highly functional and secure. More so, there is LEO, the chatbot, which assists you with whatever form of assistance you may need. Talk about the ultimate business website! https://www.ubagroup.com/countries/ng
It should be noted, however, that virtually all the thirty companies ranked here are guilty of not making good use of the blogs on their websites for information dissemination. This is unacceptable. It is important that they make good use of their blogs because they are great tools for public relations.
Deap Capital Management & Trust Plc reacts to ‘rumoured’ AMCON takeover
AMCON had dragged the company before a Court in a bid to recover the debt.
Deap Capital Management & Trust Plc has reacted to media reports about the supposed takeover of its assets by the Asset Management Company of Nigeria, AMCON.
In a statement that was signed by the Company Secretary, Yetunde Fashesin-Sousa, Deap Capital admitted that it is indebted to AMCON to the tune of N1.6 billion. It was also confirmed that AMCON owns a 20% equity stake in the fund management firm.
Note that the indebtedness arose after AMCON took over ownership of certain banks. Apparently, these are banks that Deap Capital originally owed. However, following the transfer of the unnamed banks’ assets to AMCON, the debts were also transferred alongside.
Meanwhile, AMCON had dragged the company before the Federal High Court in Lagos in a bid to recover the debt. A ruling on the case, which was delivered on January 28 by the Hon Justice John Terhemba Tsoho, was in AMCON’s favour.
Following the ruling, AMCON began the process of recovering the debt from Deap Capital Management & Trust Plc. The company said it has been cooperating in this regard by working towards repaying the debt.
The company also clarified that the assets that were taken over by AMCON belonged to its former directors whose names were not mentioned. Nairametrics could not verify if these directors are among those who were recently reinstated by the Securities and Exchange Commission, SEC. But we do know that AMCON had obtained a court order to attach the ‘former directors’ assets’ in its attempt to recover the N1.6 billion debt.
In the meantime, Deap Capital Management & Trust Plc said it is committed to resolving its operational challenges, including the recovery of its operational license and profitability issues. The company’s latest earnings report (for its Q1 period ended December 31st, 2019) showed a total income of N1 billion. There was also a N6.3 million loss for the period under review.
Deap Capital’s stock opened today’s trading session on the Nigerian Stock Exchange with a share price of N0.30. Year to date, the stock has declined by some -18%.
Lafarge Africa Plc. announces its board meeting and closed period for Q2 2020
The notification which was duly signed by General Counsel & Company Secretary.
Lafarge Africa Plc. notified the Nigerian Stock Exchange and the investing public that he closed period will commence on Wednesday, 8th July 2020 until the unaudited financial statement for the second quarter ended 30th June 2020, is released to the Nigerian Stock Exchange.
In a disclosure on the Nigerian Stock Exchange, it wrote: “We hereby notify the Nigerian Stock Exchange and the investing public that a meeting of the Board of Directors of Lafarge Africa Plc has been scheduled to hold on Thursday, 23rd July 2020 to consider the second quarter financial results of the Company for the quarter ended 30th June 2020.”
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The notification which was duly signed by General Counsel & Company Secretary, Mrs. Adewunmi Alode explained further stating that “Accordingly, no Director, employee, persons discharging managerial responsibility and Advisers of the Company and their connected persons may directly or indirectly deal in the shares of the Company in any manner during the closed period.”
Over the past few months, it made a few board changes with the retirement of two of its Non-Executive Directors, as well as the appointment of three new Directors. It had also spun off its South African subsidiary, Lafarge South Africa Holdings (LSAH), last year.
Lafarge Africa’s Q1 2020 revenue was up 9.8% year-on-year to N63.7 billion, driven by higher Cement Sales (a figure up 11% year-on-year to N62.3 billion) which offset the weakness in Aggregate and Concrete (down 21% y/y to N1.4bn). Its EBITDA grew by 2.4% year-on-year to N19.3 billion as well. As at Tuesday the 7th of July, the share price of the company was N10.00.
AXA Mansard Insurance Plc gives notice of Annual General Meeting
The AGM will be live-streamed to enable shareholders and stakeholders participate.
Insurance firm, AXA Mansard Insurance Plc., has given notice of its board of its Annual General Meeting (AGM) scheduled for Wednesday, July 29, 2020, at 10:00 a.m.
The announcement which was disclosed by Nigerian Stock Exchange (NSE) in a corporate disclosure on July 7th, 2020 and signed by Company Secretary, Omowunmi Mabel Adewusi read, “Notice is hereby given that the twenty-eighth annual general meeting of AXA Mansard Insurance Plc. will hold at the Oriental Hotel, no. 3, Lekki Road, Victoria Island, Lagos on Wednesday, July 29, 2020, at 10:00 a.m.”
As noted, the purpose of the AGM is to transact the following business:
- To receive the Audited Financial Statements for the year ended December 31, 2019, and the Reports of the Directors, Auditors and Statutory Audit Committee thereon
- To authorise Directors to fix the remuneration of the Auditors
- To elect Directors and
- To elect members of the Statutory Audit Committee.
In order to ensure that all relevant stakeholders can be a part of the AGM, the company will also be streaming the AGM live. It noted that “This will enable shareholders and other stakeholders who will not be attending physically to follow the proceedings.”
The link for the live streaming of the Meeting will be made available on the Company’s website at www.axamansard.com.
Recall that a few months ago, in March, the company’s Board of Directors announced the appointment of John Dickson as the company’s new Non-Executive Director. A month earlier, it also disclosed its plan to sell its pension management subsidiary (AXA Mansard Pensions Ltd) and some undisclosed real estate investments.
Its unaudited financials for the period Q1 2020 reveal a growth across revenue and profit lines. Gross written premium grew by 21% from N17.4 billion earned in Q1 2019 to N21 billion in Q1 2020. Profit for the year for the group grew by a commendable 120% from N890 million in Q1 2019 to N1.9 billion in Q1 2020.
As at Tuesday, the 7th of July when markets closed, the share price of the company was N1.59. The company’s EPS stood at 0.33 while its price to book ratio stood at 0.6082.