Meet The Highest Paid Employee In Nigeria – He Earns ₦5.9m Daily

According to Proshare, the highest paid employee in Nigeria was the CEO of Zenith Bank.......CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>

The report which was shared in November 2024 revealed that Ebenezer Onyeagwu of Zenith Bank emerged as the highest-paid CEO with a basic salary of ₦2.17bn which amounts to ₦5.9million daily.

Below is a comprehensive list of the top 10 highest-paid employees/CEOs in Nigeria.

1. Ebenezer Onyeagwu / Zenith Bank

Ebenezer Onyeagwu of Zenith Bank emerged as the highest-paid CEO with a basic salary of ₦2.17bn. In 2022, he was earning ₦258m and his salary took a 660% leap to the present amount. The significant jump in Onyeagwu’s salary parallels Zenith Bank’s impressive financial performance in 2023, which possibly led to a significant reward for his leadership.

2. Karl Toriola / MTN Nigeria

Karl Toriola is the second-highest-paid CEO earning ₦1.625bn. His salary was increased from ₦850m in 2022.

3. Lars Richter / Julius Berger

Lars Richter climbed to the third spot with ₦888m. The CEO of Julius Berger got a 112.62% salary increase which moved his figures from ₦417m as a result of his strong performance and increasing value to the company.

4. Roger Brown / Seplat Energy

Roger Brown is in 4th position with a salary of ₦746m. His salary was also increased from ₦500m in 2022 as a result of Seplat’s stable performance under his leadership.

5. Arvind Pathak / Dangote Cement

He replaced Michel Puchercos as Dangote Cement CEO in March 2023. Arvind Pathak ranked fifth with a basic salary of ₦609m.

6. Samba Seye / Total Energies

In 6th position is Samba Seye with a basic salary of ₦544m. Samba replaced Imrane Barry in September 2021.

7. Hans Essadi / Nigeria Breweries

Hans Essadi ranked seventh with a basic salary of ₦486m. Essadi became CEO in July 2021.

8. Segun Agbaje / GTCO

Segun Agbaje is in eighth position with a remuneration of ₦457m. His salary increase from ₦445m in 2022.

9. Wassim Elhusseini / Nestle

Wassim Elhusseini is in ninth position with a basic salary ₦428m. Wassim took over the role from Mauricio Alarcon in September 2020.

10. Demola Sogunle / Stanbic

Demola Sogunle is the last on this list with a basic salary ₦330m. Demola has been CEO for over three years and his salary increased from ₦245m.

For 2023, here is a list of the 10 highest-paid CEOS.

    1. Late Herbert Wigwe / Access Holdings: The late Herbert Wigwe topped the list with a staggering total compensation of ₦4.657bn in 2023.
    2. Ebenezer Onyeagwu / Zenith Bank: Ebenezer Onyeagwu ranked second, earning a total compensation of ₦547.96m in 2023.
    3. Karl Toriola / MTN Nigeria: Karl Toriola secured third place with a total compensation of ₦1.625bn in 2023.
    4. Wole Oshin / Custodian Investment: Wole Oshin earned a total compensation of ₦1.311bn, including ₦19m as basic salary and ₦1.292bn in dividends.
    5. Lars Richter / Julius Berger: Lars Richter ranked fifth with a total compensation of ₦888m in 2023.
    6. Roger Brown / Seplat Energy: Roger Brown took sixth place with a total compensation of ₦874m in 2023.
    7. Arvind Pathak / Dangote Cement: Arvind Pathak earned ₦609m in total compensation, securing a seventh place in 2023.
    8. Segun Agbaje / GTCO: Segun Agbaje earned a total compensation of ₦594m, placing him eighth on the list.
    9. Samba Seye / Total: Samba Seye ranked ninth with a total compensation of ₦544m in 2023.
    10. Hans Essadi / Nigeria Breweries: Hans Essadi rounded off the list with a base salary of ₦486m, securing a tenth place in 2023.