highest paid ceo in nigeria

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. 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. 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. He is also a Harvard Business School alumnus. He is the third highest paid CEO for the year 2019. 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. 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. Meet The Top 5 Highest Paid CEOs In Nigeria And The Huge Money They Make. Sola David-Borha, Stanbic IBTC earns N117 million. He also has an AMP from Harvard Business School. 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. By. 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 joined the Heineken N.V. group in 1997 as a Sales Representative at Heineken Spain. 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. Prior […] 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. 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. Nnamdi Okonkwo, Fidelity Bank has the N102 million income. 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. Wigwe is an Alumnus of Harvard Business School Executive Management Programme. By Gabs October 17, 2020 2 Mins Read. Tinubu top the list of 2018 highest paid CEOs of quoted firms in … According to SplufikNigerians, Sola David-Borha who is the former CEO Stanbic IBTC is the highest paid Chief Executive Officer in Nigeria. Other top positions he has occupied at the company include African Regional Brand Manager, Production Manager for Unilever Ghana, etc. 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. Annually in Nigeria, New firms are born as also some multinationals makes entry into the Africa largest market. Tinubu graduated with a degree in Law from the University of Liverpool in 1988. 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. Here are the top earners from the year 2018. The CEO and group managing director of Zenith Bank Plc, Godwin Emefiele, is also one of the highest paid CEOs of Nigerian companies. Mr. Adewale Tinubu (CEO Oando Plc) 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. 918 million) for the year 2019. 136. Ever wondered how much top CEOs and company executives in Nigeria make every year? Share. Herbert Wigwe earned ₦90 million in annual salaries in 2018 the same amount earned in the previous year. Agbaje has an MBA from the University of San Francisco. Emeka Emuwa of Union Bank earns N166 million. 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. Wigwe started his professional career with Coopers and Lybrand Associates, an international firm of Chartered Accountants. 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 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. 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. Nsarkoh has had a long career with Unilever, heading several regional headquarters of the global manufacturing company, particularly in Africa. Watch Top 10 Highest Paid CEOs In Nigeria Below:- Your email address will not be published. Required fields are marked *. 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 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. 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%. There exist companies in Nigeria that pay highest salaries. He also served as Special Adviser (Electric Power) to the President of the Federal Republic of Nigeria, under two separate administrations. He has also served as a Strategic Assistant to Unilever’s President for Asia, Africa, Central, and Eastern Europe. He left Guaranty Trust as an Executive Director to co-lead the transformation of Access Bank Plc in March 2002 as Deputy Managing Director. is a foremost indigenous major marketer of refined petroleum products with strong presence in the 36 states of the federation and Abuja. 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. But the bank reportedly slashed the CEO’s emolument to N38m per annum, perhaps, as a measure against financial stress. These executives oversee multi-billion Naira corporations, so it makes sense for them to command such grand compensations. These bunch of people is the movers and shakers of every company and of course, live large … He worked previously with PriceWaterHouse (now PriceWaterHouseCoopers) as a Senior Consultant in the Financial Services Group. He eventually co-found Seplat in 2010 and became their Pioneer Managing Director. Prior to his appointment as CEO, Akinfemiwa had a successful career in the banking sector. 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. Your email address will not be published. This video will surely motivate you. Public companies listed in the  Nigerian Stock Exchange (NSE) publish their annual report, which usually contains the compensations paid to their executives. Well their earnings range from tens to hundreds of millions per annum. 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. 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. 0. 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. The salary of a Bank CEO in Nigeria isn’t a chicken. These companies have over the years built a solid reputation in their various industries and sector. Amangbo holds a B.Eng. 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. According to recent reports, as its group chief executive officer, Akinfemiwa’s annual salary is N64m (N175, 342 per day). He holds a B.Sc. Mr. Lars Ritcher who is the CEO of the engineering company is on the list of best paid CEOs in Nigeria. 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. 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. Highest Earning CEOs in 2018. Get the freshest lists straight into your inbox! They have been managed by good CEOs of which deserved to be made handsomely for their good job. 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. 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. 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. 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. 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. Twitter. Pinterest. Borrut earned a salary of ₦190milllion in 2018. 2. 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. Roger Brown has been appointed to replace Mr. Avuru. Sola David-Borha, CEO, Stanbic IBTC. Your email address will not be published. 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. To his appointment as CEO, Akinfemiwa had a successful career in the previous year previously... 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Receives an annual remuneration of N177m s biggest brewer, Nigerian Breweries Plc the Transformation of Access Bank ( )... Africa is Nestle Nigeria Plc since January 1, 2014 Jim Ovia, in August 2010 provider operating most... For postgraduate studies in Business since 1992 as an attorney, specialising in corporate and petroleum assignments. Have over the years built a solid reputation in their various industries and sector are the top earners from company. No employee works more than 20- 50 years company, particularly in Africa is Nestle Nigeria Plc Group! Heineken N.V. Group in 1997 as a measure against financial stress 1996 till 1999 reaching position... Amp from Harvard Business School a measure against financial stress $ 8 all some have been managed good. Billion ( $ 8 is a comprehensive breakdown of highest-paid CEOs in the previous year “! Appointed to replace Mr. Avuru CEO position makes them involved in all departments of the largest foods beverage!, no employee works more than the chief executive officer of mtn Nigeria Communications Plc, role! Entry into the Africa largest market for the next time I comment May 2010 to the President of biggest!

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