Seplat, Total, MTN Top List of 20 Highest Salary-paying Companies in Nigeria for 2022
- The list of highest salary-paying companies in Nigeria has been revealed, with MTN and UBA making the list
- The list includes 20 companies from the oil and gas sector, including the financial sector
- The ranking was determined by considering both the number of staff employed and the total expenses incurred on staff salaries
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Data analyzed from the Nigerian exchange(NGX) revealed that 20 Nigerian companies paid N661.62 billion to 44,468 employees in 2022.
This is more than N479.66 billion paid out by the same companies to 41,501 of their staff in the previous year(2021).
Source: UGC
The companies operate in various sectors, including oil and gas, telecommunications, banking, financial services, consumer goods, and power and utilities.
Breakdown of companies' salary payments in 2022
Seplat Energy, a leading energy company, is top of the list, with a huge average salary per staff of N38.91 million.
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Following closely is TotalEnergies Plc, with an average salary per staff of N30.48 million.
MTN Nigeria, a telecommunications giant, secured the third spot on the list, with an average salary per staff of N26.91 million.
Okomu Oil Palm Plc and Ardova Plc also stand out, paying an average of N26.49 million and N20.10 million in 2022.
Salary breakdown by companies
Companies | Staff Salaries for 2022 | Staff Number | Average pay per employee |
Seplat Energy | N23.19bn | 596 | N38.91m |
TotalEnergies Plc | N13.07bn | 429 | N30.48m |
MTN Nigeria | N45.08bn | 1,675 | N26.91 |
Okomu Oil Palm Plc | N10.33bn | 390 | N26.49m |
Ardova Plc | N3.37bn | 168 | N20.1m |
Nigerian Breweries | N51.33bn | 2,685 | N19.12m |
Holdings | N116.62bn | 6,824 | N17.09m |
Stanbic IBTC | N50.99bn | 3,008 | N16.95m |
Geregu Power | N2.13bn | 130 | N16.45m |
Wema Bank | N21.33bn | 1,415 | N15.08m |
Nestle Nigeria PLC | N34.78bn | 2,320 | N14.99m |
AXA Mansard Insurance | N4.89bn | 358 | N13.69m |
Union Bank | N26.72bn | 2,025 | N13.2m |
Cadbury Nig. Plc | N5.80bn | 480 | N12.08m |
UBA | N93.24bn | 9,591 | N11.88m |
Unilever Nigeria | N8.77bn | 786 | N11.16m |
Conoil Plc | N1.83bn | 168 | N10.9m |
Zenith Bank | N86.41bn | 8,077 | N10.7m |
FCMB | N35.61bn | 3,342 | N10.66m |
Total | N661.62 billion. | 44,468 employees |
Elon Musk turns Twitter office into 'hotel,' demands hard work
Meanwhile, in another report, Elon Musk's changes in Twitter have continued since he paid more than $44 billion to take over.
The most recent overhaul is not software but a complete makeover of what Musk believes Twitter's offices should look like.
The makeover transformed the office into a hotel for employees, complete with bedsheets and wardrobes.
Source: Legit.ng
