“N25.3m Monthly”: Meet Highest-Paid Female CEOs in Nigeria and Their Pay Package

“N25.3m Monthly”: Meet Highest-Paid Female CEOs in Nigeria and Their Pay Package

  • A new report has revealed the names of the highest-paid female chief executive officers in Nigeria across different sectors
  • The CEOs listed control companies listed on the Nigerian exchange with a market value of over N100 billion
  • These female executives have made their names in the corporate world and are inspiring younger female professionals to dream big

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The four highest-paid female executives leading some of Nigeria's biggest companies received a combined paycheck of N304.4 million in 2022 or N25.3 million monthly.

This is according to data from the financials of the companies they control, submitted to the Nigerian exchange.

Nigeria highest paid female CEOs
L-R Oluwatomi Somefun, Owen Omogiafo, Dupe Olusola, Nneka Onyeali-Ikpe Photo credit: Unity bank, Fidelity, investorking
Source: Facebook

The top female executives include Nneka Onyeali-Ikpe, Owen Omogiafo, Dupe Olusola, and Oluwatomi Somefun.

Their pay package includes salaries, compensation, and other monetary rewards associated with their positions.

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Highest-paid female executives

Here is how much they earned and the companies they control.

Oluwatomi Somefun- N41.7 million

Oluwatomi Somefun is the managing director of Unity Bank Plc. Under her leadership, the bank has enjoyed success despite various challenges.

For her effort, she received a total compensation of N41.7 million in 2022 an increase from N41.4 million reported in 2021.

Dupe Olusola- N62.7 million

Dupe Olusola is the managing director and chief executive officer of Transcorp Hotels Plc. She is the second woman to lead the organisation.

The company's financials show that she earned N62.7 million in 2022, up from N62.6 million in 2021.

Owen Omogiafo- N90 million

Omogiafo is the president and CEO of Transnational Corporation Plc. She earned N90 million in 2022.

Nneka Onyeali-Ikpe-N110 million

Onyeali-Ikpe, CEO of Fidelity Bank Plc is the highest-earning female CEO among listed Nigerian companies.

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She has been at the helm of affairs of Fidelity Bank since January 1, 2021, when she succeeded Nnamdi Okonkwo.

For her efforts in 2022, she received a pay package of N110 million, the same amount she received in 2021

Overall Best-paid CEOs with an average salary of N332m

Meanwhile, in another report, Legit.ng provided the list of the overall 10 highest-paid CEOs in Nigeria, led by Dangote Cement's main man, Micheal Purchercos.

Purchercos, Dangote's CEO, replaced MTN's CEO, who dropped down the list for 2021

The average salary earned by the top CEOs during the year under review stood at N332.49 million

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.