Sundaymail Editor
Chief executives of Nigerian-listed companies are among sub-Saharan Africa’s highest earners, according to a new report by PwC.
The median value of total-guaranteed packages, which includes base pay and benefits, for the heads of Nigerian companies is US$323 000 (over R4,6 million), the accounting firm said on Thursday in a remuneration report.
That’s the highest among seven sub-Saharan African countries excluding South Africa, and is based on data published by 382 companies, it said. Chief financial officers in Africa’s biggest economy are also among the best paid in the region, with median earnings of US$219 000 (R3,1 million), according to PwC.
Nigeria is home to the continent’s biggest building-materials producer, Dangote Cement, which is owned by Africa’s richest man, Aliko Dangote. The country has the biggest companies by market value on the continent outside South Africa in the food and beverage, banking and energy industries through Nestle Nigeria, Guaranty Trust Holding Co. and Seplat Energy. — Fin24.
Online Reporter