The year 2024 marked a pivotal moment for some of Nigeria’s biggest companies, with remarkable growth and strategic leadership steering them to new heights.
During this period, several MDs and CEOs took on the reins of their respective organizations, ushering in fresh leadership that would define the direction of these companies in the years to come.
These leaders were not only tasked with managing vast portfolios but also with navigating through global challenges, volatile markets, and the ever-evolving demands of their industries.
According to Nairametrics’ latest research, Nigeria’s top 10 highest-paid Managing Directors (MDs) and Chief Executive Officers (CEOs) collectively earned a staggering N11.6 billion in 2024, a significant jump from N7.9 billion in 2023
In this special spotlight, Nairametrics breaks down their 2024 earnings, leadership profiles, and the companies they led.
- Position: Chief Executive OfficerÂ
- 2024 Compensation: N3.9 billion
- 2023 Compensation: N1.65 billion
- % Change: +136.4%
About the CEO:Â
Roger Brown became CEO of Seplat Energy in August 2020, having previously served as the company’s Chief Financial Officer since 2013. A Chartered Accountant (Scotland) and member of ANAN, Brown brings over 25 years of experience in finance and Africa’s energy markets. Before joining Seplat, he was Managing Director for Oil & Gas (EMEA) at Standard Bank, where he advised on several major transactions across the continent.
About the Company/ Performance Highlights:
- Sector: Energy (Oil & Gas)Â
- Total Assets (2024): N3.3 trillion
- 2024 Revenue: N1.6 trillion (YoY: +129.6%)
- 2024 Profit Before Tax: N561.4 billion (YoY: +347.2%)
Note: The individuals featured in this compilation have been carefully selected based on the highest remuneration across varying industries represented in the article. It is important to note that none of the individuals listed have solicited their inclusion. Â
While this list aims to be comprehensive, it is by no means exhaustive; there are several other CEOs/MDs who were paid high renumerations and emoluments, but this list has been streamlined to the highest paid across some key industries.Â
