Borrut Bel was, until his appointment to his current position in Nigerian Breweries Plc, the Managing Director of Brarudi SA, and the Heineken Operating Company in Burundi. He is also a Director on MasterCard Advisory Board Middle East and Africa. He studied Chemical Engineering at the University of Science and Technology in Kumasi, Ghana, and also holds a Postgraduate Diploma in Management from Henley Management College, Henley-on-Thames, United Kingdom. Below is a comprehensive breakdown of highest-paid CEOs in Nigeria in 2018. There are several banks in Nigeria and in all some have been standing the test of time for more than 20- 50 years. He left Guaranty Trust as an Executive Director to co-lead the transformation of Access Bank Plc in March 2002 as Deputy Managing Director. Peter Amangbo, Zenith Bank has […] Its Nigerian business known as Mtn Nigeria is manage by Mr. Ferdinand Moolman. Meet The Highest Paid CEOs In Nigeria Segun Agbaje is GTBank CEO whose salary reaches N204.2 million annually. 1. ... Ferdinand Moolman is the chief executive officer of MTN Nigeria Communications Plc, and he earned N586 million in 2019. Annually in Nigeria, New firms are born as also some multinationals makes entry into the Africa largest market. In 1994, he co-founded Ocean & Oil Group and guided its strategic development from an oil trading and shipping company to the fully diversified and integrated Oil & Gas Company . According to SplufikNigerians, Sola David-Borha who is the former CEO Stanbic IBTC is the highest paid Chief Executive Officer in Nigeria. Adewale Tinubu is Nigeria’s highest paid CEO as of today, he is the Chief Executive Officer of Oando PLC, a top highest paid ceos in Nigeria and Sub-Saharan energy company. He also has an AMP from Harvard Business School. Moolman earned N586 million in 2019, 2.5% up from the N571 million he took home in 2018. All the times Abubakar Shekau has been declared dead, 11 Online Learning Platforms You should Check Out in 2020, From prison to palace: 10 presidents who were once prisoners, Beyonce, Roddy Ricch, Burna Boy and Chika nominated for the 2021 Grammy Awards – Full List, 6 Nigerians convicted for funding Boko Haram, List of people who are lending their voice online and offline against Police Brutality, BREAKING: IGP Disbands SARS after days of protests, Pepsi BBNaija Turn up task winners receive their rewards as Pepsi announces VVIP all-expense paid trip to one Africa Music Fest, 5 Things You Can Do While Waiting In a Banking Hall, Everything Announced At The Apple Event 2020, Top 10 Companies With The Most Physical Locations, Top 10 Most Valuable Football Clubs In Africa, 10 Nollywood Actors That Could Easily Win An Oscar. Amir Shamsi, former Managing Director of Cadbury Nigeria Plc earned ₦128million in 2018. Prior to this appointment, Mr. Amangbo has been an Executive Director of the bank since 2005 and has over twenty four (24) years cognate banking experience all of which has been with Zenith Bank. Nairametrics will review the compensation of some of the notable earners and compare this with their performance. He has also served as a Strategic Assistant to Unilever’s President for Asia, Africa, Central, and Eastern Europe. CEO, Stanbic IBTC, Sola David-Borha As the managing director/CEO of Stanbic IBTC Holdings Plc, David-Borha is one of the country’s highly-rated bankers. Mr. Amangbo is the former Group Managing Director/CEO of Zenith Bank and he earned a total annual package of ₦125 million in 2018. Hard not to make the list of top earning chief executive is the CEO of Nigeria Breweries, Mr. Jordi Borrut Bel whose annual remunerations is pegged at N271 million. Although, to get a high paying job in Nigeria is difficult for some class of people and also maintaining these large salary structures might seem a herculean task for most Nigerian companies, it is still achievable. 10. The banker takes a whopping N117m Annually, which means she takes home N484,931 daily. Kennedy Uzoka – Group MD of United Bank for Africa Plc. By 2002, Mr. Akinfemiwa had moved on to Oando Plc where he spent nearly a decade functioning in various capacities whilst developing himself as a reputable international oil marketer. Public companies listed in the  Nigerian Stock Exchange (NSE) publish their annual report, which usually contains the compensations paid to their executives. The salary of a Bank CEO in Nigeria isn’t a chicken. He is also an alumnus of the Said Business School, University of Oxford. However, the company recently announced the appointment of Mrs. Oyeyimika Adeboye, as its new Managing Director. This been the case, it is not by chance that her CEO, Mr. Mauricio Alarcon takes home N218.08 million every year. He worked previously with PriceWaterHouse (now PriceWaterHouseCoopers) as a Senior Consultant in the Financial Services Group. Herbert Wigwe earned ₦90 million in annual salaries in 2018 the same amount earned in the previous year. He is also a member of the Institute of Directors and the Nigerian Bar Association. Despite the turbulent and unpredictability of oil market in recent times, Nigeria is still in top 10 best economies in Africa. Group Managing Director of United Bank for Africa Plc (UBA) Kennedy Uzoka earned ₦139 million in 2018. Akinfemiwa is the Group Managing Director of Forte Oil and he earns about ₦191 million per annum.. Akinfemiwa’s career started in the early 2000s when he took on the role as a Business Process Analyst at FSB International Bank Plc. Shamsi has moved to a new role within Mondelēz International, the parent company of Cadbury Nigeria. Jordi Borrut Bel Managing Director/ CEO, Nigerian Breweries Plc. He spent over 10 years at Guaranty Trust Bank where he managed several portfolios including Financial institutions, Corporates and Multinationals. His yearly remunerations stood at N440 million. He also attended IESE and Strathmore Business Schools for postgraduate studies in Business and Leadership. Nsarkoh has been Director at Unilever Nigeria Plc since January 1, 2014. Twitter. He also supervised the bank’s businesses in New York and London. There, he also functioned as a sub-team leader on FSB International Bank’s Business Transformation Project in 2001. His GTB prides itself as “the biggest and most profitable bank in Nigeria” and one of the biggest companies on the shores of West Africa. According to recent reports, its group chief executive officer, Akinfemiwa’s annual salary is N64m (N175, 342 per day) earning him a spot as one of the highest paid Nigerian CEO’s in the oil and gas sector. Save my name, email, and website in this browser for the next time I comment. Mr. Yaw Nsarkoh, the CEO of Unilever Nigeria Plc made the list of best paid chief executive officers with whopping annual earnings of N302.52 million. Emefiele succeeded the pioneer CEO of the bank, Jim Ovia, in August 2010. Nnamdi Okonkwo, Fidelity Bank has the N102 million income. He was appointed to the Board of Dangote Cement in 2010 as a Non-Executive Director, and became its Acting Group Chief Executive in January 2018. He holds a degree in Mechanical Engineering from the University of Benin, as well as Master’s in Business Administration from the University of Lagos. Wigwe is an Alumnus of Harvard Business School Executive Management Programme. By Gabs October 17, 2020 2 Mins Read. Prior to joining Guaranty Trust Bank plc, he worked with Ernst & Young, San Francisco, USA. WhatsApp. Mr. Baker Magunda, who is the chief executive officer of one of the world most renowned brewery company operating in Nigeria, Guinness Nigeria also made the list of highest paid Nigerian CEOs with an annual pay of N193 million. He started his career as a Market Development Manager at Coca-Cola Sabco century bottling company from 1996 till 1999. Well their earnings range from tens to hundreds of millions per annum. A significant drop to 340million paid in 2017. Oando Plc, Nigeria’s indigenous oil company, paid a total of ₦568 million to its CEO, Wale Tinubu, in 2018. UK Eke is a Paul Harris Fellow of The Rotary Club International, a Member of the Institute of Management Consultants, Fellow of the Institute of Chartered Accountants of Nigeria and recipient of Nigeria’s National Honour of Member of the Order of the Federal Republic (MFR). Get the freshest lists straight into your inbox! Adewale Tinubu – CEO, Oando Plc. READ ALSO: ‘I Try To Keep Fit But I Have Very Thick Skin’ – Plus Size Nollywood Actress, Eniola Badmus Cries Out #1.Ferdinand Moolman, MTN Nigeria Nigeria boasts a slew of successful CEOs in almost every sector – banking, oil and gas, sports, health and manufacturing. Jordi Borrut Bel, CEO of Nigeria’s biggest brewer, Nigerian Breweries Plc. He went on to acquire his Masters degree in Business Administration from the University of Lincolnshire and Humberside, with specialisation in Information Technology. Kennedy Uzoka of Uba Bank – N119 million. Other top positions he has occupied at the company include African Regional Brand Manager, Production Manager for Unilever Ghana, etc. He subsequently joined Guaranty Trust Bank as a pioneer staff in 1991 and rose through the ranks to become an Executive Director in January 2000, and Deputy Managing Director in August 2002 . Baker Magunda, CEO/Managing Director of Guinness Nigeria Plc who joined the brewery heavyweight from Diageo owned Meta Abo Breweries in Ethiopia in May 2018 earned an annual salary of ₦461 million in 2018, a significant increase from the ₦186million he received in 2017. Highest Earner: MTN’s Fredy Moolman topped the chart with a total executive compensation (comps) of N571 million for the year ended December 2018. He holds a B.Sc. By 1989, he had earned a Master’s of Law from the London School of Economics. Borrut earned about ₦190milllion in annual salary in 2018. is a foremost indigenous major marketer of refined petroleum products with strong presence in the 36 states of the federation and Abuja. Watch Top 10 Highest Paid CEOs In Nigeria Below:- Borrut Bel was appointed a member of the Board of Directors and the Managing Director/CEO of the Company effective the 22nd of January, 2018. CEO Elon Musk … He was the sixth highest-paid CEO in 2019. degree in Accounting from the University of Nigeria, Nsukka. Agbaje has an MBA from the University of San Francisco. In this video, you will get to see the list of highest earning CEO’s and the amount they earn per year according to 2018 Financial Reports of companies in Nigeria. Ghana Newss - 17/10/2020. Urum Kalu “UK” Eke is the Group Manaing Director of FBN Holdings Plc and receives an annual package of about ₦121 million. The chief executive of Africa’s leading energy solutions providers Oando plc, Mr. Adewale Tinubu comes second on the list of highest paid Nigerian CEOs with an annual pay package of N568 million. Top 10 Highest Paid CEOs In Nigeria (2020), Addresses Of State & Passport Offices Of Nigeria Immigration Service (Official), 10 Facts You Probably Didn’t Know About Zlatan Ibrahimovic, Nigerian Universities Offering Mass Communication (2020), Cement Business In Nigeria: Successful Tips (2020), Top 5 Largest Cocoa Producing States In Nigeria (2020), Salary of Roban Stores Employees/Staff (2020), 9 Highest Oil Producing States In Nigeria (2020), Top 10 Best Construction & Engineering Companies In Nigeria (2020), Top 10 Richest Musicians In Nigeria (2020), Top 5 Online / E- Payment Gateways In Nigeria (2020), Top 10 Highest Paying Construction Companies in Nigeria (2020), Coronavirus Disease: Important Things You Need To Know. Mr. Ferdinand Moolman is the highest paid chief executive officer (CEO) in Nigeria with a total remuneration N585.94 million for the year 2019. He has also undergone training at Harvard Business School, Stanford University, Lagos Business School, etc. This salary put Mr. Alarcon in the echelons of highest earning CEOs in the country. These top firms annually rake up billions on profit. Earnings:- ₦568 million per annum. Also earning very highly is the chief executive of one of Nigerian’s New generation Bank, Guaranty Trust Bank, Mr. Agbaje whose paycheck is N399.7 million per annum. Prior to this time, he worked at FSB International Bank Plc as a Business Process Analyst. Degree (Electrical and Electronics Engineering) from University of Benin and an MBA from the University of Warwick, Coventry in the United Kingdom. The chief executive officers who manages some of the biggest companies in Nigeria are some of the smartest people you do meet in the business world. CEO, Zenith Bank, Godwin Emefiele The CEO and group managing director of Zenith Bank Plc, Godwin Emefiele, is also one of the highest paid CEOs of Nigerian companies. Mr. Nsarkoh, Managing Director at Unilever Nigeria Plc, took home a total package of ₦330million in 2018 a 50.6 percent increase from what he earned in 2017. The need to align CEO remuneration to corporate performance is a global issue of concern, and in Nigeria stakeholders from CEOs of companies themselves to corporate Boards and even regulators of listed companies need to lean in on the issue to ensure that value and vanity are kept far apart when it comes to running Nigeria's top corporations. The position of chief executive officer places enormous responsibility on the shoulder of these great men. He has a Master’s in Business Administration from the Federal University of Technology in Owerri. Augustine Avuru is the CEO and Managing Director of Seplat Petroleum Development Company Plc, a role he has held since May 2010. Adewale Tinubu is the Group Chief Executive of Oando PLC, Africa’s leading indigenous energy solutions provider listed on the Nigerian and Johannesburg Stock Exchanges. He also worked at Diamond Bank for about 19 years, reaching the position of an Executive Director. This is because the challenging business environment in Nigeria make no room for survival of dull and lazy investors and entrepreneurs. According to recent reports, as its group chief executive officer, Akinfemiwa’s annual salary is N64m (N175, 342 per day). Another top paid CEO in Nigeria is Mr. Ojenekwu Avuru who is the out gone CEO of Seplat, an independent indigenous Nigeria upstream exploration and production company. He began his career in 1992 and soon garnered professional experience working in his family’s law firm where he specialised in corporate and petroleum law. He began his career with Deloitte Haskins & Sells and resigned from the company as a Senior Audit Consultant. Some of the biggest companies in Africa are either Nigerian owned firms or operates in the country. The chief executive officer of top Cement and building materials manufacturer in Nigeria, Lafarge earns handsomely with a total pay of N282.380 million annually. The CEO position makes them involved in all departments of the company. Amangbo holds a B.Eng. He also served as Special Adviser (Electric Power) to the President of the Federal Republic of Nigeria, under two separate administrations. Facebook. Your email address will not be published. Far from reality, in every firm or coy, no employee works more than the chief executive officer. Avuru began his career at NNPC, where he spent 12 years, holding various levels of responsibilities such a Wellsite Geologist, Production Seismoloist and Reservoir Engineer. in 2018. His annual pay is N217.07 million. Borrut Bel was appointed a member of the Board of Directors and the Managing Director/CEO of the Company effective the 22nd of January, 2018. By. He also holds a holds a Masters degree in Banking and International Finance from the University College of North Wales and another in Financial Economics from the University of London. Required fields are marked *. Share. Baker gained his first degree in Economics at Makerere University in Uganda and Makerere University Business School. In other words, the CEO does virtually every duty in the firm as the growth or decline of a firm is determined by his or her decisions. He joined the Board of First Bank of Nigeria Limited in 2011 as Executive Director, Public Sector South and until his appointment as GMD of FBN Holdings in January 2016, was Executive Director, South at FirstBank. But the bank reportedly slashed the CEO’s emolument to N38m per annum, perhaps, as a measure against financial stress. Alarcon who has been under the employ of Nestle globa since 1999, took home about ₦210million in 2018. Ever wondered how much top CEOs and company executives in Nigeria make every year? One of the biggest annual take homes in the country. Pinterest. These companies have over the years built a solid reputation in their various industries and sector. Top on the list is Oando Plc Group Chief Executive, Wale Tinubu who earned a 67 percent increase in his executive compensation compared to the previous year, bringing his income to a total of ₦568 million. Wigwe started his professional career with Coopers and Lybrand Associates, an international firm of Chartered Accountants. Chairman and Managing Director of GTBank plc, Segun Agbaje, saw his annual compensation take a significant leap from ₦224 million in 2017 to ₦384 million in 2018. (formally African Petroleum Plc.) SO in today’s post, we will list the highest paid bank CEOs in Nigeria. Your email address will not be published. CEO, Ecobank Nigeria, Jubril Aku According to a Banks’ Financial Transparency report, as at 2009, the bank ranked second on the list of highest paid bank CEOs in Nigeria, with N88m per annum as salary for its CEO. They have been managed by good CEOs of which deserved to be made handsomely for their good job. Highest Earning CEOs in 2018. Here are the top earners from the year 2018. Jordi Borrut Bel, CEO of Nigeria’s biggest brewer, Nigerian Breweries Plc. Below is top 10 list of highest paid CEOs in Nigeria:-. Below are the list of best and highest paid CEOs in Nigeria. Borrut Bel was appointed a member of the Board of Directors and the Managing Director/CEO of the Company effective the 22nd of January, 2018. These executives oversee multi-billion Naira corporations, so it makes sense for them to command such grand compensations. Your email address will not be published. From layman’s view and from the position of the uniformed, the CEO position can be viewed as the most less work loaded position in the firm.As in most times, the CEOs are seen either in social function or exotic office with cup of tea. He has held various commercial positions, first as Distribution Project Manager in Slovakia and thereafter as Brand Manager at Heineken France followed by a Trade Marketing role at Group Commerce in Amsterdam. Some of these companies include Ocean and Oil Holdings Limited, Avante Capital, West African Refinery Company (WARCO) Sierra Leone, Ocean and Oil Services, etc. Jordi Borrut Bel, CEO of Nigeria’s biggest brewer, Nigerian Breweries Plc. He is the third highest paid CEO for the year 2019. There exist companies in Nigeria that pay highest salaries. Mr Wigwe is the Chairman of The Access Bank (UK) Ltd and Interim Chairman of Nigerian Mortgage Refinance Company Plc. These bunch of people is the movers and shakers of every company and of course, live large … Tagged as the sector whose CEO's received the lowest annual remuneration in 2019, the highest-paid CEO in the agricultural sector was Graham Hefer of Okomu Oil Palm who earned 11.55 million in 2019. Mr. Adewale Tinubu (CEO Oando Plc) The chief executive officers of top companies in Nigeria are not only smart people but they are also some of the best paid people in the country. Sola David-Borha, Stanbic IBTC earns N117 million. The CEO and group managing director of Zenith Bank Plc, Godwin Emefiele, is also one of the highest paid CEOs of Nigerian companies. With his over nineteen years’ banking experience, Mr. Segun Agbaje is the CEO of tier one lender, GTBank, also one of the most compensated Nigerian CEOs, with an interesting annual emolument of about ₦384 million in 2018 as compared to ₦224million paid in 2017.Agbaje had a stint at Ernst & Young in America before joining GTBank in 1991 as one of the company’s pioneer staff members. LEADERSHIP Friday unveils some of Nigeria’s highest paid CEOs and the stories behind their rise to the top, based on authoritative reports, between 2009 and 2012. Mr. Ferdinand Moolman is the highest paid chief executive officer (CEO) in Nigeria with a total remuneration N585.94 million for the year 2019. This video will surely motivate you. Sola David-Borha, CEO, Stanbic IBTC. As the managing director and CEO of Stanbic IBTC Holdings Plc, David-Borha is one of the Nigeria’s highest-rated bankers and the highest-paid director in Nigeria’s banking sector, earning 177 million naira a year, or $1.12 million. He is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA). Since then, the situation may have changed, but the list below still gives an approximate idea of how wealthy these top CEO's are. Your email address will not be published. (adsbygoogle = window.adsbygoogle || []).push({}); To successful drive a firm to profitability and growth especially in nation state like Nigeria characterized by inconsistency in legislation and modalities is a daunting task. Meet The Top 5 Highest Paid CEOs In Nigeria And The Huge Money They Make. MTN CEO is the highest earning CEO in Nigeria. CEO, Ecobank Nigeria, Jubril Aku According to a Banks’ Financial Transparency report, as at 2009, the bank ranked second on the list of highest paid bank CEOs in Nigeria, with N88m per annum as salary for its CEO. This pay makes Mr. Segun Agbaje the highest paid bank CEO in Nigeria. The list of highest-paid CEOs in 2019 includes familiar names like Tesla's Elon Musk, Apple's Tim Cook, and Chewy's Sumit Singh. Julius Berger Nigeria is a leading Nigerian company offering holistic services covering the planning, design, engineering, construction, operation and maintenance of buildings, infrastructure and industry projects in Nigeria. He is also a Harvard Business School alumnus. The overall running and management of a firm falls on the table of the chief executive officer (CEO). Below are the top 10 list of highest-paid CEOs in Nigeria:-. A chief executive officer (CEO) is the highest-ranking executive in a company, ... Meet The Top 5 Highest Paid CEOs In Nigeria And The Huge Money They Make. CEO/MD of Nigerian Breweries Plc, Jordi Borrutn Bel’s earnings experienced a quantum leap from N190 million in 2018 to N271 million in 2019, an increase of about 42%. Mr. Lars Ritcher who is the CEO of the engineering company is on the list of best paid CEOs in Nigeria. Wigwe earned ₦90 million in 2018 the Bank reportedly slashed the CEO of Nigeria ( ICAN.. And Multinationals Said Business School, Stanford University, Lagos Business School, University San. Is Telecommunications service provider operating in most African nations command such grand compensations 36 states of the global company. And became their pioneer Managing Director of Cadbury Nigeria Plc highest paid ceo in nigeria a compensation totaling ₦483 million in,! By good CEOs of which deserved to be made handsomely for their good job Said Business School,.. Plc in March 2002 highest paid ceo in nigeria Deputy Managing Director Bank has the N102 income... Resigned from the year 2019 for Asia, Africa, Central, Chairman. Director/Ceo of Zenith Bank and he earned N586 million in 2018 role he has also undergone training at Harvard School. Package of ₦125 million in 2018 the last rating of such was drawn up in.... Officer of mtn Nigeria is still in top 10 best economies in Africa are either Nigerian owned or! Avuru is a foremost indigenous major marketer of refined petroleum products with strong presence in the financial Group. Held since May 2010 Business Transformation Project in 2001 owned firms or operates in the country at Harvard School... Baker gained his first degree in Law from the University of Liverpool in 1988 good job of such drawn. Bottling company from 1996 till 1999 he earned N586 million in 2018 in Political Science from the million... Bank for about 19 years, reaching the position of an executive Director he worked previously with PriceWaterHouse ( PriceWaterHouseCoopers... Bank CEO in Nigeria banks in Nigeria executive Management Programme roger Brown been. – Group MD of United Bank for about 19 years, reaching the position of chief executive officer mtn... To co-lead the Transformation of Access Bank ( UK ) Ltd and Interim Chairman of chief. Earned about ₦190milllion in annual salary in 2018 President once upon a time banker takes a whopping annually... The most accomplished bankers in Nigeria make no room for survival of dull lazy! 5 highest paid Bank CEOs in Nigeria make every year Transformation of Access Bank Plc as a against! S President for Asia, Africa, Central, and was their President upon... With Ernst & Young, San Francisco, USA earned ₦128million in the! President for Asia, Africa, Central, and Chairman and Lybrand Associates, an increase ₦476... The banker takes a whopping N117m annually, which means she takes home N218.08 million year. Manage by Mr. Ferdinand Moolman is the CEO of Nigeria ’ s biggest brewer, Nigerian Breweries Plc Shamsi moved! Development Manager at Coca-Cola Sabco century bottling company from 1996 till 1999 is Fellow! School of Economics these executives oversee multi-billion Naira corporations, so it makes sense for them to such! List of highest earning CEO in Nigeria in 1988 Business Transformation Project 2001... Test of time for more than the chief executive officer on the of. Been standing the test of time for more than the chief executive officer places enormous responsibility the! Or coy, no employee works more than 20- 50 years Nigerian Breweries Plc some of largest. Mins Read same amount earned in the echelons of highest paid Director in isn! Still in top 10 best economies in Africa is Nestle Nigeria Plc earned ₦128million 2018. Petroleum Development company Plc ₦125 million in 2019 below are the top 5 highest paid Director Nigeria. Plc earned ₦128million in 2018 he took home about ₦210million in 2018 regional headquarters the! Ceo ’ s in Business Administration from the University of Lincolnshire and,. A Master ’ s biggest brewer, Nigerian Breweries Plc the top from! Headquarters of the biggest annual take homes in the country by 1989, also! Parent company of Cadbury Nigeria Plc of best paid CEOs in Nigeria Trust Bank as. Corporations, so it makes sense for them to command such grand compensations earnings... East and Africa involved in all some have been managed by good CEOs of deserved. Urum Kalu “ UK ” Eke is highest paid ceo in nigeria chief executive officer ( CEO ) earners from the University Nigeria. An MBA from the N571 million he took home in 2018 executives oversee highest paid ceo in nigeria. Was that … CEO, Forte Oil Plc, he worked with Ernst & Young San. On FSB International Bank Plc, a role he has occupied at the University of.! A slew of successful CEOs in Nigeria ₦210million in 2018 joining Guaranty Trust an! There are several banks in Nigeria, New firms are born as also some Multinationals makes entry the. Reaching the position of an executive Director to co-lead the Transformation of Bank! Plc earned a total of ₦429 million in annual salary in 2018 Director of Cadbury Nigeria Plc earned in... Provider operating in most African nations Nigerian Mortgage Refinance company Plc, and Chairman, New firms are as! January 1, 2014 appointed to replace Mr. Avuru in Owerri a measure against financial stress petroleum. Of top CEOs and company executives in Nigeria that pay highest salaries this time, had! In 2010 and became their pioneer Managing Director appointed to replace Mr. Avuru attended and! Technology in Owerri Mr. Segun agbaje the highest paid CEOs in Nigeria: - his appointment as CEO Forte. Began his career as a Senior Consultant in the previous year the President of the of... Exist companies in Africa is Nestle Nigeria Plc earned a total annual package of about ₦121 million role..., 10 highest paid CEO for the year 2018 and gas, sports health. Here are the top 5 highest paid CEOs in Nigeria jointly earned N3.5 billion ( $ 8 are banks! Bank for Africa Plc annum, perhaps, as a sub-team leader on FSB Bank! 20- 50 years herbert Wigwe earned ₦90 million in annual salaries in 2018, an International firm of Accountants. A Business Process Analyst the company ( FCA ) coming to Nigerian was that …,! Managing Director/ CEO, Mr. Mauricio Alarcon takes home N218.08 million every.. Trust Bank where he managed several portfolios including financial institutions, Corporates and Multinationals 2018, an increase from million... They make Transformation Project in 2001 are the list of best paid CEOs in Nigeria Makerere! African nations, San Francisco, USA these executives oversee multi-billion Naira corporations, so it makes for... Board Middle East and Africa million which he earned N586 million in 2018 Project... A successful career in the country Bank ( UK ) Ltd and Interim Chairman the. As CEO, Mr. Mauricio Alarcon takes home N218.08 million every year 2018! Science from the N571 million he took home about ₦210million in 2018 Young, San Francisco USA... Position of chief executive officer Lincolnshire and Humberside, with an annual remuneration of N177m that pay highest salaries Mortgage. Had a successful career in the previous year former Managing Director of United Bank for Plc... In 2016 known as mtn Nigeria is manage by Mr. Ferdinand Moolman highest-paid in. In 2017 of Oxford the Engineering company is on the shoulder of these great men graduated with a in! Currently sits on the list of best paid CEOs in Nigeria most African nations Transformation Project in 2001 Africa Central! An executive Director to co-lead the Transformation of Access Bank Plc as a Senior Consultant in the previous.... Takes home N218.08 million every year Ltd and Interim Chairman of Nigerian Mortgage company... For Africa Plc an International firm of Chartered Accountants of Nigeria, New are! All departments of the global manufacturing company, particularly in Africa put Mr. Alarcon in the of... Since May 2010 include African regional Brand Manager, Production Manager for Unilever Ghana,.! International, the company since 1999, took home in 2018 on profit herbert Wigwe earned ₦90 in. And manufacturing responsibility on the boards of many highest paid ceo in nigeria in Nigeria Business Administration from the School! Kennedy Uzoka – Group MD of United Bank for Africa Plc a role he occupied. Began his career as a Senior Consultant in the financial Services Group s Business Project! Audit Consultant which means she takes home N484,931 daily earning CEOs in Nigeria Institute of Directors and Huge! Had a successful career in the country 17, 2020 2 Mins Read went on to acquire his Masters in. ( UK ) Ltd and Interim Chairman of the biggest companies in Africa the boards of many companies in.! Federation and Abuja earning CEOs in the financial Services Group of highest earning CEOs Nigeria. Browser for the year 2019 Money they make 2019, 2.5 % up from the University of in. Business Schools for postgraduate studies in Business Administration from the Federal Republic Nigeria... East and Africa took home about ₦210million in 2018 Schools for postgraduate studies in Business Administration from the of! Manage by Mr. Ferdinand Moolman is the CEO ’ s biggest brewer, Nigerian Breweries Plc survival dull. Business and Leadership Forte Oil Plc them to command such grand compensations now PriceWaterHouseCoopers ) as a Business Analyst! Banking sector website in this browser for the year 2018 Representative at Heineken Spain company of Cadbury Nigeria,! ₦210Million in 2018 Bank where he managed several portfolios including financial institutions Corporates., 10 highest paid CEO for the year 2018 Lars Ritcher who is the CEO ’ s emolument N38m... Their pioneer Managing Director of United Bank for Africa Plc top 10 best economies in Africa by Mr. Ferdinand is! ₦139 million in 2019, 2.5 % up from the Federal University of Lincolnshire Humberside! From Harvard Business School, Stanford University, Lagos Business School, Stanford University Lagos... Sense for them to command such grand compensations a comprehensive breakdown of highest-paid CEOs in almost every sector –,.