Read more about the 3 CEOs in Nigeria earning N2 million to N10 million daily salaries

• A breakdown of however overmuch the apical CEOs of Nigerian companies earned successful 2024 has been released based connected their companies' fiscal results
• Seplat Energy’s CEO, Roger Thompson Brown and Karl Toriola, CEO of MTN Nigeria, person for years been among the apical earners successful Nigeria
• CEOs compensations see basal salary, bonuses tied to performance, equity incentives similar banal options oregon shares, benefits

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

Working arsenic apical executives and cardinal decision-makers of a multinational corp with trillions successful gross comes with its perks, alongside pressure.

For their efforts to guarantee the creaseless day-to-day moving of the organisations they represent, the Chief Executive Officer of 3 Nigerian companies were collectively paid a combined sum of N10.49 billion.

Top companies listed connected NGX compensate their CEOs Photo credit: Bloomberg/contributor
Source: Getty Images

CEOs net and companies fiscal performance

Their precocious compensation follows beardown fiscal performances released successful their audited accounts released connected the Nigeria Exchange (NGX).

Roger Brown (N3.9 billion)

Roger Brown, CEO of Seplat Energy, leads with the highest magnitude received by a CEO successful Nigeria successful 2024, taking location N3.9 cardinal successful full compensation and summation from N1.65 cardinal received successful 2023.

What this means is that Brown's compensation amounts to N10.66 cardinal daily, N325 cardinal monthly, and N443,989 per hr (based connected a 366-day year).

The wage emergence commiserate the companies beardown show In 2024 arsenic Seplat Energy Plc announced a gross of N1.652 trillion for the fiscal twelvemonth 2024, marking a important emergence from N696.9 cardinal successful the erstwhile year.

Roger Brown, Karl Toriola and Adegbite Falade were good paid successful 2024 Photo credit: nurphoto
Source: Facebook

Karl Toriola (N3.1 billion)

Karl Toriola, CEO of MTN Nigeria Communications Plc, received N3.1 cardinal successful 2024 for his efforts successful starring the telecommunication company.

A breakdown of Toriola's wage paycheck shows helium earned N8.47 cardinal per day, N258.33 cardinal monthly, and N353,748 hourly.

MTN Nigeria Communications Plc reported a grounds gross of N3.36 trillion for 2024, according to its latest fiscal results.

Under Toriola's leadership, MTN grew its subscriber basal by 1.6% to 80.9 million.

Also, MTN’s progressive information users accrued by 7% to 47.7 million, driven by a higher idiosyncratic basal and information usage.

Adegbite Falade (N2.43 billion)

Adegbite Falade, the Chief Executive Officer/Managing Director of Aradel Holdings, earned N2.43 cardinal successful 2024.

The magnitude received is equivalent to N6.66 cardinal per day, N202.5 cardinal monthly, and N277,417 per hour.

Falade was capable to pb Aradel to execute a 4 times maturation successful its full-year nett connected accrued lipid output.

Aradel recorded a gross of N581 billion. Its crude lipid gross made up much than 64% of the full gross with N373.7 billion.

The group’s gross for FY 2024 much than doubled the N221.1 cardinal gross posted successful FY 2023.

List of slope CEOs with highest salaries successful Nigeria

Earlier, Legit.ng reported that Nigerian banks recorded beardown fiscal show successful 2024, resulting successful higher payouts for their executive.

Data shows that the combined take-home wage of CEOs from 9 commercialized banks totalled implicit N2 trillion.

Zenith Bank CEO, Adaora Umeoji, leads the database with the highest enforcement compensation for 2024.

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Source: Legit.ng