Top 9 Highest-Earning CEO in Nigeria and their Salaries

Highest-Earning CEO in Nigeria

Top 9 Highest-Earning CEO in Nigeria – In this article, we will explore the top 10 highest-earning CEOs in Nigeria. From telecommunications giants to cement industries, these captains of industry have not only achieved remarkable financial success but have also left an indelible mark on their respective sectors.

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Top 9 Highest-Earning CEO in Nigeria and their Salaries

Listed below are the top Highest-Earning CEO in Nigeria and their salaries;

  • Karl Toriola, MTN Nigeria
  • Michael Puchercos, Dangote Cement
  • Baker Mugunda, Guinness Nigeria Plc
  • Roger Brown, Seplat Energy Plc
  • Khaled El Dokani, Lafarge Africa Plc Nigeria
  • Segun Agbaje, Guaranty Trust Holding Company
  • Lars Richter, Julius Berger Nigeria Plc
  • Hans Essaadi, Nigerian Breweries
  • Ebenezer Onyeagwu, Zenith Bank

Karl Toriola, MTN Nigeria

Karl Olutokun Toriola is the highest-paid CEO in Nigeria. He is the CEO/MD of MTN Nigeria, one of the largest telecommunications companies in Africa.

Toriola has a long and successful career in the telecommunications industry. He started his career at Ericsson in 2000, and he has held a variety of positions at MTN since 2011.

Salary: He earned a total salary of N850 million, Highest-Earning CEO in Nigeria

Michael Puchercos, Dangote Cement

Michel Puchercos serves as the CEO/MD of Dangote Cement, Nigeria’s leading cement company. Hailing from France, he boasts an extensive and illustrious career within the cement sector.

Puchercos has occupied several key leadership roles in prominent cement firms, such as CEO of Lafarge Halla Cement in South Korea and CEO of Bamburi Cement in Kenya.

Salary: He earned a total salary of N736 million

Baker Mugunda, Guinness Nigeria Plc

Baker Magunda is the CEO of Guinness Nigeria Plc, the largest brewer in Nigeria. He is a Ugandan national and has a long and successful career in the brewing industry.

He started his career as Market Development Manager at Coca-Cola in 1996, and he has held a variety of leadership positions, including CEO of SABMiller Uganda and CEO of Diageo East Africa. Baker resigned from his role as the CEO of Guinness Nigeria Plc in October 2022.

Salary: He earned a total salary of N505 million

Roger Brown, Seplat Energy Plc

Roger Brown is the CEO of Seplat Energy Plc, an independent oil and gas company in Nigeria. He is a British national and has a long and successful career in the financial and oil & gas industry.

He started his career at Price Water Cooper (PwC) in 1994 & Standard Bank in 2001 before finally joining Seplat.

Salary: He earned a total salary of N475 million

Khaled El Dokani, Lafarge Africa Plc Nigeria

El Dokani was born in Egypt and holds a medical degree from Alexandria University. He began his career in the pharmaceutical industry, but later switched to the building materials sector.

He joined LafargeHolcim in 2004 and held a variety of positions in the Middle East and Africa, including CEO of Lafarge Egypt and CEO of LafargeHolcim Africa Middle East.

Salary: He earned a total salary of N452 million

Segun Agbaje, Guaranty Trust Holding Company

Segun Agbaje stands as a widely esteemed business luminary, credited with a pivotal role in the expansion of Guaranty Trust Holding Company (GTCO). His journey began as one of GT Bank’s pioneering staff in 1991, gradually ascending to the position of CEO.

Beyond his instrumental contributions to elevating GTCO into a premier banking institution in Nigeria and Africa, Agbaje holds directorial positions in multiple esteemed enterprises, including PepsiCo and the Nigerian Stock Exchange. Additionally, he holds the esteemed title of Fellow at both the Institute of Chartered Accountants of Nigeria and the Institute of Directors.

Salary: He earned a total salary of N445 million

Lars Richter, Julius Berger Nigeria Plc

Lars Richter was born in Germany and pursued his education in the field of engineering and business management.

He’s known for his successful leadership as the Chief Executive Officer (CEO) of Julius Berger Nigeria Plc. Richter started as Project Engineer at Julius Berger before rising to the top as CEO. He earned a total salary of N408 million

Salary: He earned a total salary of N408 million

Hans Essaadi, Nigerian Breweries, N319 million

Hans Essaadi, a renowned leader in the brewing industry, is the CEO of Nigerian Breweries, Nigeria’s largest brewer.

He started his career as a sale representative at Heineken Operating Company in 1991, and climbed the corporate ladder within the HEINEKEN Group, assuming senior roles in various units such as sales, export, and marketing.

Having worked in the United Arab Emirates for several years as General Manager of Sirocco FZCO (Joint Venture Heineken and Emirates Group in the Gulf Region), he moved to Egypt in 2018 to work for Al Haram Beverages Company as Manager Director.

Salary: He earned a total salary of N319 million

Ebenezer Onyeagwu, Zenith Bank

Ebenezer Onyeagwu is a seasoned banking professional boasting over three decades of industry expertise. His career journey commenced in 1991 at the defunct Financial Merchant Bank before transitioning to the erstwhile Citizens International Bank Limited, where he assumed various managerial roles.

In 2002, he joined Zenith Bank, ascending through the ranks to hold key positions such as Managing Director of Zenith Bank (UK) Limited and Group Head of Treasury and Financial Markets. In 2019, Ebenezer Onyeagwu assumed the role of Group Managing Director/CEO of Zenith Bank Plc.

He holds a Higher National Diploma degree in Accounting from the Federal Polytechnic, Auchi, Edo State.

Salary: He earned a total salary of N285 million.

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