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Business News of Thursday, 22 June 2023

Source: www.legit.ng

'N25.3m per month' - Meet the highest-paid female CEOs in Nigeria and their pay package

The photo used to illustrate the story The photo used to illustrate the story

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 sourced from the financials of the companies they control, submitted to the Nigerian exchange.

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.

Highest-paid female executives Here is how much they earned and the companies they control, according to data by captured by BusinessDay.

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. She received N110 million in 2022, the same amount 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.

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