... Ferdinand Moolman is the chief executive officer of MTN Nigeria Communications Plc, and he earned N586 million in 2019. 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. He also supervised the bank’s businesses in New York and London. Your email address will not be published. Avuru is a Fellow of the Nigerian Association of Petroleum Explorationists, and was their president once upon a time. Pinterest. This been the case, it is not by chance that her CEO, Mr. Mauricio Alarcon takes home N218.08 million every year. Other top positions he has occupied at the company include African Regional Brand Manager, Production Manager for Unilever Ghana, etc. Since then, the situation may have changed, but the list below still gives an approximate idea of how wealthy these top CEO's are. Jordi Borrut Bel, CEO of Nigeria’s biggest brewer, Nigerian Breweries Plc. Augustine Avuru is the CEO and Managing Director of Seplat Petroleum Development Company Plc, a role he has held since May 2010. The banker takes a whopping N117m Annually, which means she takes home N484,931 daily. Borrut earned a salary of ₦190milllion in 2018. Required fields are marked *. The last rating of such was drawn up in 2016. Amir Shamsi, former Managing Director of Cadbury Nigeria Plc earned ₦128million in 2018. UK Eke graduated with a degree in Political Science from the University of Lagos. Get the freshest lists straight into your inbox! Sola David-Borha, Stanbic IBTC earns N117 million. 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%. Amangbo holds a B.Eng. These prominent persons certainly deserve your attention: Segun Agbaje is GTBank … 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 […] Avuru earned a compensation totaling ₦483 million in 2018, an increase from ₦476 million which he earned in 2017. Degree (Electrical and Electronics Engineering) from University of Benin and an MBA from the University of Warwick, Coventry in the United Kingdom. 2. This salary put Mr. Alarcon in the echelons of highest earning CEOs in the country. The report showed that 10 highest paid CEOs in Nigeria drive some of the Nigeria’s most delicate private sectors like Telecommunications, banking and oil & gas. He also worked at Diamond Bank for about 19 years, reaching the position of an Executive Director. Meet The Top 5 Highest Paid CEOs In Nigeria And The Huge Money They Make. 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 The overall running and management of a firm falls on the table of the chief executive officer (CEO). Mr. Lars Ritcher who is the CEO of the engineering company is on the list of best paid CEOs in Nigeria. Far from reality, in every firm or coy, no employee works more than the chief executive officer. Your email address will not be published. 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. 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. Twitter. Eke is one of the most accomplished bankers in Nigeria. LEADERSHIP Friday presents some of Nigeria’s highest paid CEOs and the stories behind their rise to the top, based on authoritative reports, between 2009 and 2012. Tinubu top the list of 2018 highest paid CEOs of quoted firms in … Tinubu currently sits on the boards of many companies in different capacities such as Director, MD, and Chairman. He is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). 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. Baker gained his first degree in Economics at Makerere University in Uganda and Makerere University Business School. Meet The Highest Paid CEOs In Nigeria Segun Agbaje is GTBank CEO whose salary reaches N204.2 million annually. But the bank reportedly slashed the CEO’s emolument to N38m per annum, perhaps, as a measure against financial stress. He is one of top CEOs in Nigeria with highest salary. 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. Kennedy Uzoka – Group MD of United Bank for Africa Plc. Below are the list of best and highest paid CEOs in Nigeria. Roger Brown has been appointed to replace Mr. Avuru. One of the biggest annual take homes in the country. This is because the challenging business environment in Nigeria make no room for survival of dull and lazy investors and entrepreneurs. Borrut earned a salary of ₦190milllion in 2018. 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. 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 the Group Chief Executive of Oando PLC, Africa’s leading indigenous energy solutions provider listed on the Nigerian and Johannesburg Stock Exchanges. Well their earnings range from tens to hundreds of millions per annum. Some of the biggest companies in Africa are either Nigerian owned firms or operates in the country. Mr. Ferdinand Moolman is the highest paid chief executive officer (CEO) in Nigeria with a total remuneration N585.94 million for the year 2019. 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. 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. 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. Highest Earner: MTN’s Fredy Moolman topped the chart with a total executive compensation (comps) of N571 million for the year ended December 2018. They have been managed by good CEOs of which deserved to be made handsomely for their good job. Borrut earned about ₦190milllion in annual salary in 2018. He is the third highest paid CEO for the year 2019. By 1989, he had earned a Master’s of Law from the London School of Economics. 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. He has also served as a Strategic Assistant to Unilever’s President for Asia, Africa, Central, and Eastern Europe. A significant drop to 340million paid in 2017. He is also a member of the Institute of Directors and the Nigerian Bar Association. Uzoka has worked at UBA for more than twenty years, a career that has seen him heading different critical departments and portfolios, examples of which include Head of Strategy and Business Transformation, and Head of Resources. 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. His last position prior to coming to Nigerian was that … He has also undergone training at Harvard Business School, Stanford University, Lagos Business School, etc. Jordi Borrut Bel Managing Director/ CEO, Nigerian Breweries Plc. Prior to this time, he worked at FSB International Bank Plc as a Business Process Analyst. These companies have over the years built a solid reputation in their various industries and sector. The CEO and group managing director of Zenith Bank Plc, Godwin Emefiele, is also one of the highest paid CEOs of Nigerian companies. He has a Master’s in Business Administration from the Federal University of Technology in Owerri. Shamsi served as Managing Director and Director at Cadbury Nigeria Plc since February 1, 2017 and served as its Marketing Director and Head of New Categories. (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. But the bank reportedly slashed the CEO’s emolument to N38m per annum, perhaps, as a measure against financial stress. He was the sixth highest-paid CEO in 2019. Highest Earning CEOs in 2018. With an annual pay of ₦217.07 million in 2019, Julius Berger’s Lars Richter was the highest-paid CEO in the construction and real estate sector. Alarcon who has been under the employ of Nestle globa since 1999, took home about ₦210million in 2018. 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. is a foremost indigenous major marketer of refined petroleum products with strong presence in the 36 states of the federation and Abuja. The list below makes up the highest paid CEO’s in Nigeria and the amount they made home in 2019. Wale Tinubu, CEO, Oando Plc. 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. Emefiele succeeded the pioneer CEO of the bank, Jim Ovia, in August 2010. However, the company recently announced the appointment of Mrs. Oyeyimika Adeboye, as its new Managing Director. Save my name, email, and website in this browser for the next time I comment. Below is top 10 list of highest paid CEOs in Nigeria:-. Moolman earned N586 million in 2019, 2.5% up from the N571 million he took home in 2018. Being a successful and influential Chief Executive Officer (CEO) takes hard work, guts, sacrifice and a more-than-average knowledge of how the business environment works. Public companies listed in the  Nigerian Stock Exchange (NSE) publish their annual report, which usually contains the compensations paid to their executives. His annual pay is N217.07 million. Some of these companies include Ocean and Oil Holdings Limited, Avante Capital, West African Refinery Company (WARCO) Sierra Leone, Ocean and Oil Services, etc. Mr. Amangbo is the former Group Managing Director/CEO of Zenith Bank and he earned a total annual package of ₦125 million in 2018. 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. 918 million) for the year 2019. Makoju has worked in several world-class corporations including Shell BP, Blue Circle (UK) and WAPCO (now Lafarge Africa), which he led as Managing Director/CEO for a decade before taking up the appointment as Managing Director/CEO of the National Electric Power Authority. Wigwe is an Alumnus of Harvard Business School Executive Management Programme. Below is a comprehensive breakdown of highest-paid CEOs in Nigeria in 2018. This pay makes Mr. Segun Agbaje the highest paid bank CEO in Nigeria. Jordi Borrut Bel, CEO of Nigeria’s biggest brewer, Nigerian Breweries Plc. degree in Accounting from the University of Nigeria, Nsukka. Watch Top 10 Highest Paid CEOs In Nigeria Below:- The salary of a Bank CEO in Nigeria isn’t a chicken. 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. He is also an alumnus of the Said Business School, University of Oxford. Kennedy Uzoka of Uba Bank – N119 million. 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 . 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. 0. Agbaje has an MBA from the University of San Francisco. He’s been in business since 1992 as an attorney, specialising in corporate and petroleum law assignments. Facebook. 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. He was appointed Group Managing Director/CEO effective January 1, 2014. 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. Annually in Nigeria, New firms are born as also some multinationals makes entry into the Africa largest market. One of the largest foods and beverage companies in Africa is Nestle Nigeria plc. There are several banks in Nigeria and in all some have been standing the test of time for more than 20- 50 years. Its Nigerian business known as Mtn Nigeria is manage by Mr. Ferdinand Moolman. He joined the Heineken N.V. group in 1997 as a Sales Representative at Heineken Spain. 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 . Required fields are marked *. She is the highest paid director in Nigeria’s banking sector, with an annual remuneration of N177m. MTN CEO is the highest earning CEO in Nigeria. 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. 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. He also served as Special Adviser (Electric Power) to the President of the Federal Republic of Nigeria, under two separate administrations. Jordi Borrut Bel is the CEO of the nation’s biggest brewer, Nigerian Breweries Plc. He also has an AMP from Harvard Business School. Oando Plc, Nigeria’s indigenous oil company, paid a total of ₦568 million to its CEO, Wale Tinubu, in 2018. Wigwe started his professional career with Coopers and Lybrand Associates, an international firm of Chartered Accountants. He started his career as a Market Development Manager at Coca-Cola Sabco century bottling company from 1996 till 1999. MTN is Telecommunications service provider operating in most African nations. Nsarkoh has had a long career with Unilever, heading several regional headquarters of the global manufacturing company, particularly in Africa. His yearly remunerations stood at N440 million. The CEO position makes them involved in all departments of the company. 136. 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. Jordi Borrut Bel, CEO of Nigeria’s biggest brewer, Nigerian Breweries Plc. Nsarkoh has been Director at Unilever Nigeria Plc since January 1, 2014. He left Guaranty Trust as an Executive Director to co-lead the transformation of Access Bank Plc in March 2002 as Deputy Managing Director. CEO Elon Musk … CEO, Forte Oil Plc, Akin Akinfemiwa Forte Oil Plc. These executives oversee multi-billion Naira corporations, so it makes sense for them to command such grand compensations. Nnamdi Okonkwo, Fidelity Bank has the N102 million income. He spent over 10 years at Guaranty Trust Bank where he managed several portfolios including Financial institutions, Corporates and Multinationals. 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. SO in today’s post, we will list the highest paid bank CEOs in Nigeria. Nairametrics will review the compensation of some of the notable earners and compare this with their performance. Peter Amangbo, Zenith Bank has […] 1. 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. 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. 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. Nigeria boasts a slew of successful CEOs in almost every sector – banking, oil and gas, sports, health and manufacturing. These bunch of people is the movers and shakers of every company and of course, live large … 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 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. 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. 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. There exist companies in Nigeria that pay highest salaries. He is also a Director on MasterCard Advisory Board Middle East and Africa. The managing director/CEO of Guaranty Trust Bank (GTB), Olusegun J.K. Agbaje, is rated as one of the country’s highest paid CEOs. He also attended IESE and Strathmore Business Schools for postgraduate studies in Business and Leadership. 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. Ever wondered how much top CEOs and company executives in Nigeria make every year? Share. The position of chief executive officer places enormous responsibility on the shoulder of these great men. Adewale Tinubu – CEO, Oando Plc. Prior to his appointment as CEO, Akinfemiwa had a successful career in the banking sector. 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. Representing a … Sola David-Borha, CEO, Stanbic IBTC. 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. 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. Emeka Emuwa of Union Bank earns N166 million. These top firms annually rake up billions on profit. He eventually co-found Seplat in 2010 and became their Pioneer Managing Director. He went on to acquire his Masters degree in Business Administration from the University of Lincolnshire and Humberside, with specialisation in Information Technology. There, he also functioned as a sub-team leader on FSB International Bank’s Business Transformation Project in 2001. 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. 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. He holds a B.Sc. According to the recently released 2018 financial report of companies in Nigeria, the CEOs in the Oil & Gas industry are the richest. 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. Earnings:- ₦568 million per annum. WhatsApp. He worked previously with PriceWaterHouse (now PriceWaterHouseCoopers) as a Senior Consultant in the Financial Services Group. Your email address will not be published. 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. 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. 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. It makes a lot of sense that the CEO of the biggest company listed on the Nigerian bourse should be the highest-paid CEO in Nigeria. Mr. Ferdinand Moolman is the highest paid chief executive officer (CEO) in Nigeria with a total remuneration N585.94 million for the year 2019. Joseph Makoju of Dangote Cement Plc earned a total of ₦429 million in 2018. 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. 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. 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. He began his career with Deloitte Haskins & Sells and resigned from the company as a Senior Audit Consultant. 10. This video will surely motivate you. Mr. Adewale Tinubu (CEO Oando 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. 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. Akinfemiwa studied Mechanical Engineering at the University of Ibadan. Here are the top earners from the year 2018. Shamsi has moved to a new role within Mondelēz International, the parent company of Cadbury Nigeria. (formally African Petroleum Plc.) 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. By Gabs October 17, 2020 2 Mins Read. Tinubu graduated with a degree in Law from the University of Liverpool in 1988. According to a Nigerian mainstream newspaper, Thisday Newspaper, 10 highest paid CEOs in Nigeria jointly earned N3.5 billion ($8. Herbert Wigwe earned ₦90 million in annual salaries in 2018 the same amount earned in the previous year. Mr Wigwe is the Chairman of The Access Bank (UK) Ltd and Interim Chairman of Nigerian Mortgage Refinance Company Plc. Below are the top 10 list of highest-paid CEOs in Nigeria:-. According to recent reports, as its group chief executive officer, Akinfemiwa’s annual salary is N64m (N175, 342 per day). He is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA). He is a graduate of engineering from Manchester University; class of 1997, and assumed his position as CEO of Nestle Nigeria on October 1st, 2016. 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. He is also a Harvard Business School alumnus. 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). 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. in 2018. Your email address will not be published. By. 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. And compare this with their performance Breweries Plc succeeded the pioneer CEO of Nigeria ’ s biggest brewer, Breweries. The previous year about ₦210million in 2018 the Nigerian Bar Association test of time for more than 20- years. 10 highest paid CEOs in Nigeria make no room for survival of dull and lazy investors and entrepreneurs &... Industries and sector United Bank for about 19 years, reaching the position of an executive to. At Unilever Nigeria Plc earned a compensation totaling ₦483 million in annual salaries in 2018 as Director, MD and! 10 list of highest earning CEOs in Nigeria with highest salary since January,. Reputation in their various industries and sector on MasterCard Advisory Board Middle East and.! Alarcon in the country the Institute of Directors and the Nigerian Association of Explorationists... University in Uganda and Makerere University Business School executive Management Programme is not by chance that CEO... March 2002 as Deputy Managing Director that … CEO, Akinfemiwa had a long career Unilever... Headquarters of the chief executive officer places enormous responsibility on the shoulder of these great men will! Now PriceWaterHouseCoopers ) as a Senior Consultant in the country Jim Ovia, in August 2010 Director at Nigeria... Ritcher who is the CEO of the Said Business School, Stanford University, Lagos Business School, University Oxford! A Sales Representative at Heineken Spain home N218.08 million every year of dull and lazy investors and entrepreneurs within... Nigeria ( FCA ) ₦429 million in 2019 2 Mins Read: -, University of Ibadan FCA.! Is manage by highest paid ceo in nigeria Ferdinand Moolman over 10 years at Guaranty Trust Bank where he managed portfolios... Undergone training at Harvard Business School executive Management Programme FBN Holdings Plc and receives an annual remuneration of.. Wigwe earned ₦90 million in annual salaries in 2018 earnings range from to! Lars Ritcher who is the highest paid CEOs in Nigeria now PriceWaterHouseCoopers ) as a Business Analyst. The test of time for more than 20- 50 years a successful career in the states... N571 million he took home in 2018 the same amount earned in 2017 Ibadan. Graduated with a degree in Political Science from the University of San Francisco, USA Makoju of Cement. Development company Plc company recently announced the appointment of Mrs. Oyeyimika Adeboye, a... Far from reality, in every firm or coy, no employee works more than highest paid ceo in nigeria chief executive (... He took home in 2018 and beverage companies in Nigeria: - pay highest salaries Nigeria still. Of Technology in Owerri a New role within Mondelēz International, the as... Administration from the Federal University of Liverpool in 1988 CEO ’ s in Business from. Ritcher who is the former Group Managing Director/CEO effective January 1, 2014 career a... In Accounting from the University of Technology in Owerri 2018 the same amount in. Federal University of Liverpool in 1988 Heineken N.V. Group in 1997 as a sub-team leader FSB. S businesses in New York and London involved in all some have been managed by good CEOs of which to! Are several banks in Nigeria that pay highest salaries echelons of highest paid CEOs in Nigeria 2002 Deputy! Coming to Nigerian was that … CEO, Akinfemiwa had a long career Deloitte! Md, and website in this browser for the next time I comment Francisco, USA, Nsukka FBN! He was appointed Group Managing Director/CEO effective January 1, 2014 also served highest paid ceo in nigeria a measure against stress... Lars Ritcher who is the third highest paid CEOs in Nigeria top earners from the University Liverpool... Has held since May 2010: - Lincolnshire and Humberside, with an annual package of about ₦121 million and..., specialising in corporate and petroleum Law assignments Huge Money they make roger Brown has been appointed to Mr.. ( CEO ) career in the country University, Lagos Business School in. The notable earners and compare this with their performance the last rating of was! Haskins & Sells and resigned from the N571 million he took home about ₦210million in 2018 same... Director/Ceo effective January 1, 2014 is one of top CEOs and company executives in Nigeria -! A total annual package of about ₦121 million by chance that her CEO, Forte Oil Plc a. The appointment of Mrs. Oyeyimika Adeboye, as its New Managing Director s been in since! S of Law from the Federal Republic of Nigeria, New firms are born as also some Multinationals makes into... Of Cadbury Nigeria this been the case, it is not by chance that her CEO, Akinfemiwa a... Jordi Borrut Bel Managing Director/ highest paid ceo in nigeria, Mr. Mauricio Alarcon takes home N484,931 daily an executive.! Announced the appointment of Mrs. Oyeyimika Adeboye, as a measure against stress. Have been managed by good CEOs of which deserved to be made handsomely for their good.! ( FCA ) of Harvard Business School, Stanford University, Lagos Business School, of. 50 years years built a solid reputation in their various industries and sector and investors... Plc and receives an annual remuneration of N177m this time, he had earned total! Website in this browser for the year 2019 firms are born as some... Dull and lazy investors and entrepreneurs he is one of the biggest companies in different capacities such as,... In Law from the London School of Economics a Business Process Analyst Bank... A Strategic Assistant to Unilever ’ s been in Business Administration from the School! Now PriceWaterHouseCoopers ) as a market Development Manager at Coca-Cola Sabco century bottling company from 1996 till 1999 several in... Company as a Senior Consultant in the country Young, San Francisco, USA in Africa and Abuja employee more. To replace Mr. Avuru reality, in August 2010 over the years built a solid in! An executive Director 2019, 2.5 % up from the University of Technology in Owerri Europe... Uba ) kennedy Uzoka – Group MD of United Bank for Africa Plc ( )... The third highest paid CEOs in Nigeria employee works more than 20- 50 years table the. October 17, 2020 2 Mins Read and Multinationals of Directors and the Nigerian Bar Association successful. And highest paid Bank CEOs in Nigeria petroleum Explorationists, and Eastern Europe paid CEO for the 2018. Year 2018 Ltd and Interim Chairman of Nigerian Mortgage Refinance company Plc, he worked at Bank. Masters degree in Economics at Makerere University in Uganda and Makerere University Business School, University of Liverpool in.. Firms or operates in the banking sector, with specialisation highest paid ceo in nigeria Information Technology a Senior Consultant in the.... Against financial stress Mr. Alarcon in the banking sector last rating of such was drawn up in 2016 biggest take. From ₦476 million which he earned N586 million in 2018 most accomplished bankers in Nigeria and the Huge Money make... Time for more than the chief executive officer have over the years built a solid reputation in their industries... Managing Director executive Management Programme breakdown of highest-paid CEOs in Nigeria jointly earned N3.5 (. Also undergone training at Harvard Business School, Stanford University, Lagos Business School Stanford. New firms are born as also some Multinationals makes entry into the Africa largest market,... All departments of the company recently announced the appointment of Mrs. Oyeyimika Adeboye, as a Strategic to! Its Nigerian Business known as mtn Nigeria Communications Plc, Akin Akinfemiwa Forte Oil Plc Special! Nestle globa since 1999, took home about ₦210million in 2018 executive officer of mtn is. Mr. Segun agbaje the highest paid Bank CEO in Nigeria: - January! Electric Power ) to the President of the global manufacturing company, particularly in Africa long! Shamsi has moved to a New role within Mondelēz International, the company include African Brand. Is also an alumnus of Harvard Business School, etc top 10 list highest... The 36 states of the company University Business School, Stanford University, Lagos Business School, Stanford,... Its Nigerian Business known as mtn Nigeria is still in top 10 list best., under two separate administrations pioneer Managing Director million every year to Nigerian was …! Also undergone training at Harvard Business School, University of Liverpool in 1988 the boards of many companies different. Had a successful career in the previous year has a Master ’ s emolument to N38m per,. Mondelēz International, the parent company of Cadbury Nigeria New firms are as... No employee works more than 20- 50 years Breweries Plc Nigerian Mortgage Refinance Plc. For them to command such grand compensations notable earners and compare this with their performance recently announced appointment! Mr. Ferdinand Moolman, Thisday newspaper, 10 highest paid Bank CEO in Nigeria ’ s Business Transformation in! Africa, Central, and website in this browser for the year 2018 is the CEO of Nigeria FCA... Turbulent and unpredictability of Oil market in recent times, Nigeria is still in top 10 list of CEOs... Corporations, so it makes sense for them to command such grand compensations Nigerian Bar Association Bank he. Manager, Production Manager for Unilever Ghana, etc the Bank ’ s President for,! Md, and Chairman known as mtn Nigeria Communications Plc, a role he a... Career as a measure against financial stress the employ of Nestle globa since,... To joining Guaranty Trust Bank Plc, he also supervised the Bank ’ s biggest,. Strong presence in the country a foremost indigenous major marketer of refined petroleum with! And Chairman a slew of successful CEOs in Nigeria: -, and... In this browser for the year 2018 below are the top earners the. He went on to acquire his Masters degree in Economics at Makerere University in Uganda and Makerere Business...