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Top 5 Highest Earning CEOs In Nigeria Receive N272M To N586 Million Yearly



The Chief Executive Officers (CEOs) of every company shoulder the responsibility of taking the organisations to their desired heights. They take the glory when they achieve success and also take the blame when things are not working as expected. What these CEOs earn yearly is, therefore, commensurate with their hard work. Courtesy of Nairametrics, brings you top five highest-earning CEOs in Nigeria. The list focuses on what these CEOs earned in 2019..


1. Ferdinand Moolman, MTN Nigeria
Ferdinand Moolman is the chief executive officer of MTN Nigeria Communications Plc, and he earned N586 million in 2019.

2. Austin Avuru, Seplat
Augustine Avuru is the co-founder and CEO of Seplat Petroleum Development Company Plc. In 2019, Avuru earned N440 million.

3. Segun Agbaje, GTBank
Segun Agbaje is the CEO of Guaranty Trust Bank, and he earned N400 million in 2019. This shows an increase of N16 million from his N384 million remuneration in 2018.

4. Yaw Nsarkoh, formerly with Unilever Nigeria Plc Yaw Nsarkoh, who resigned from his position as managing director of Unilever Nigeria Plc in December 2019, earned N303 million in the year under review. He was succeeded by Carl Raymond Cruz in January 2020.

5. Michel Puchercos, formerly with Lafarge Africa Plc Michel Puchercos earned N272 million in 2019 when he was still the CEO of Lafarge Africa Plc. Puchercos resigned from Lafarge in January 2020 to join competitor brand, Dangote Cement Plc.

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