Top Ten Highest Earning CEOs in Nigeria
The affairs of an organisation lie in the hand of the Chief Executive Officer, who oversees the affairs of the company, takes praise and blames for the company’s affairs.
This article contains the list of highest-earning CEOs from different companies listed on the Nigerian Stock Exchange. The main idea here is to throw more light on how much they earned and their work experiences. FERDINAND MOOLMAN – CEO, MTN Nigeria, N586 Million
The first on the list is the CEO of the biggest non-oil foreign investment – MTN Nigeria Communication Plc, Ferdinand Moolman with a take-home of N586 million in 2019, about 2.5 percent higher than the N571million he earned in 2018.
Moolman became CEO of MTN Nigeria in December 1, 2015 as part of the main reshuffling of the telco’s operating structure. Before Moolman became the CEO, he was the Chief Financial Officer (CFO) of MTN Iran before he was transferred to Nigeria. AUSTIN AVURU – CEO, SEPLAT N440 MILLION
The second CEO with the highest-earning on this list is the CEO of Seplat Petroleum Development Company Plc, Augustine Avuru, with N440 millon take home in 2019. This represents a N44 million shortfall to the amount he earned in 2018.
Austin became the Chief Executive Officer of Seplat in May 2010. Prior to becoming the CEO, he was the Managing Director at Platform Petroleum Ltd, a company he founded in 2002.
Before Avuru found Platform Petroleum, he had also worked with Allied Energy Resources in Nigeria as an exploration manager and technical manager, a pioneer deepwater operator, where he spent ten years. SEGUN AGBAJE – THE CEO OF GTBANK, N400 MILLION
The third highest-earning CEO in Nigeria last year is the Chief Executive Officer of Guaranty Trust Bank, Segun Agbaje who earned N400 million in 2019, an increase of N16 million from N384 million he earned in 2018.
Segun became the Managing Director and Chief Executive Officer in 2011 after the demise of the former CEO, Tayo Aderinokun. Before becoming the CEO, he was the Deputy Managing Director in August 2002 and Executive Director in January 2000.
Segun Agbaje joined GTBank in 1991 as a pioneer staff after he left Ernst & Young, San Francisco, USA where he started his career. YAW NSARKOH – FORMER CEO OF UNILEVER NIGERIA PLC (2019), N303 MILLION The fourth on the list is the former CEO of […]