A Chief Executive 0fficer (CEO), is the highest-ranking executive in an organization.

They make the most challenging decisions a company, and due to this, they are also the highest earning executive.

Their salaries include the base salary set by the board of directors, additional bonuses, long-term incentive pay-outs and stock gains in the form of value realized from exercising stock options.

MyNigeria lists the top 5 highest paid CEOs in Nigeria below:

Ebenezer Onyeagwu

Ebenezer Onyeagwu is the former Managing Director and CEO of Zenith Bank. He has had a great career in banking with about 30 years of experience.

He joined Zenith Bank Plc in 2002 as a Senior Manager in the Internal Control and Audit Group of the bank, rising swiftly between 2003 and 2005, first as Assistant General Manager, then Deputy General Manager, and eventually as General Manager of the bank.

He was subsequently appointed as the Group Managing Director/CEO of the bank on June 1, 2019.

He was paid a whopping N2.16 billion.

Karl Olutokun Toriola

Mr Toriola is one of the highest-paid CEOs in Nigeria.

He is the CEO/MD of MTN Nigeria, one of the biggest telecommunications companies in Africa, with 29 years wealth of experience in telecommunications.

In 2023, Toriola earned a remuneration of N1.6 billion.

Lars Richter

German national, Lars Richter, who is the CEO of Julius Berger Nigeria Plc. He earns N888 million, a great increase from the N418 million recorded in 2022.

Roger Brown

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 earned a remuneration of N746 million.

Arvind Pathak

Mr Arvind Pathak was named as the Group Managing Director of Dangote Cement Plc, effective March 1, 2023.

With over 36 years of experience in the cement industry, Mr. Pathak is a seasoned business leader.

Mr. Pathak earned N746 million naira.