Despite Nigeria’s challenging economic environment, characterized by persistent naira devaluation, high inflation, and socio-economic instability, the country’s leading companies have achieved laudable market capitalizations.
This resilience is largely attributed to the adept financial stewardship of their Chief Financial Officers (CFOs), who are key players in guiding their firms through turbulent financial conditions.
These CFOs are instrumental in steering their companies towards stability and growth. They manage financial reporting, strategy, and risk, ensuring that their organizations navigate the economic downturn effectively.
For instance, one of the CFOs in this article successfully managed a bank with a market capitalization of N1.18 trillion, ensuring robust performance amidst economic challenges.
Another has overseen a company’s growth to a market cap of N2.50 trillion, reflecting significant operational and financial success.
Their leadership ensures that despite economic headwinds, their organizations remain resilient and continue to contribute significantly to the national economy.
Meet the Chief Financial Officers driving Nigeria’s largest companies valued at N39.8 trillion combined on the Nigerian Stock Exchange in August 2024.
Evans Okpogoro serves as the Chief Finance Officer of Transcorp Power (TPP), bringing over 16 years of robust experience in the financial services and oil & gas sectors. A Chartered Accountant, Evans has a proven track record in financial leadership and strategy.
- Before joining Transcorp Power, Evans held the position of Financial Controller at WhiteDove Shipping Company Limited, a subsidiary of Nestoil. His tenure at Nestoil included various key roles across its subsidiaries, where he honed his expertise in financial reporting, audit, and business performance improvement. His career also includes significant stints at Keystone Bank, Kedari Capital Limited, and ServArmour Limited, showcasing a diverse portfolio of financial management skills.
- Evans holds a B.Sc. in Accounting from Delta State University, where he graduated as the department’s top student, and an MBA in Finance from Obafemi Awolowo University. He is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and a Fellow of the Institute of Chartered Taxation of Nigeria (FCTI).
Transcorp Power has a market capitalization of N2.79 trillion at a market sahre price of N372 .The power generation company which was listed on the NGX in March 2024, recorded a revenue of N135. 4 billion in H1 2024, which represents a 142% YoY growth from the N55. 9 billion posted in H1 2023.
