Home to some of Africa’s most successful companies, Nigeria is driven to great heights by Highest paid Nigerian Titans of the corporate world. With annual salaries in the millions, these top-earning CEOs are responsible for their companies’ success. As investors flock to Nigeria’s growing economy, we turn our focus to the top ten highest-paid CEOs. Their earnings and brief profiles will leave you inspired and awed.
- Carl Toriola:
With an annual earning of 850 million Naira, Carl Toriola is the highest-paid CEO in Nigeria. He is the current CEO of MTN Nigeria, the country’s largest telecom company. Toriola has over 20 years of experience in the telecommunications industry, with previous executive roles in MTN Group and Vodacom. - Michael Puchercos:
Michael Puchercos is the CEO of Dangote Cement, the largest cement manufacturer in Africa. He earns an annual salary of 736 million Naira. Puchercos has over 30 years of experience in the cement industry, having previously worked with LafargeHolcim, ACC Limited, and Ambuja Cements. - Baker Magunda:
Formerly the CEO of Guinness Nigeria, Baker Magunda currently works for Diageo, the parent company of Guinness Nigeria. He earns an annual salary of 505 million Naira. Magunda has over 20 years of experience in the FMCG industry, having previously worked with Unilever and Coca-Cola. - Roger Brown:
Roger Brown is the CEO of Seplat Energy PLC, an indigenous Nigerian oil and gas company. He earns an annual salary of 500 million Naira. Brown has over 25 years of experience in the energy industry, having previously worked with Shell, BP, and Eni. - Khaled El Dokani:
Khaled El Dokani is the CEO of Lafarge Africa, a leading cement manufacturer in Nigeria. He earns an annual salary of 452 million Naira. El Dokani has over 20 years of experience in the cement industry, having previously worked with LafargeHolcim in various executive roles. - Segun Agbaje:
Segun Agbaje is the CEO of Guaranty Trust Bank (GTB), one of the largest banks in Nigeria. He earns an annual salary of 445 million Naira. Agbaje has over 30 years of experience in the financial services industry, having previously worked with Ernst & Young and Arthur Andersen. - Lars Richter:
Lars Richter is the CEO of Julius Berger Nigeria, a leading construction company in Nigeria. He earns an annual salary of 417 million Naira. Richter has over 20 years of experience in the construction industry, having previously worked with Bilfinger Berger, Hochtief, and Strabag. - Hans Essaadi:
Hans Essaadi is the CEO of Nigerian Breweries, the largest brewery company in Nigeria. He earns an annual salary of 319 million Naira. Essaadi has over 20 years of experience in the FMCG industry, having previously worked with Heineken and Diageo. - Ebenezer Onyeagwu:
Ebenezer Onyeagwu is the CEO of Zenith Bank, one of the leading banks in Nigeria. He earns an annual salary of 285 million Naira. Onyeagwu has over 30 years of experience in the banking industry, having previously worked with the Central Bank of Nigeria and the International Monetary Fund. - Wassim Elhusseini:
Wassim Elhusseini is the CEO of Nestle Nigeria, a leading food and beverage company in Nigeria. He earns an annual salary of 266 million Naira. Elhusseini has over 20 years of experience in the FMCG industry, having previously worked
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Highest paid Nigerian Titans of the corporate world are responsible for leading some of the largest and most successful companies in the country, with salaries that reflect their contributions to these organizations. Despite the challenges of the Nigerian business environment, these executives have managed to thrive and continue to drive their companies forward.
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