Top 10 Highest-Paid Female CEOs In Nigeria Bank Industry

The list of Highest-Paid Female CEOs in Nigeria with the highest salaries has been made public.  

The Eagle reports that the top ten Chief Executive Officers, CEOs, who are all men, earn an average salary of more than N332.9 million.

However, a few outstanding intelligent women are making waves and running businesses with millions of dollars in funding from investors.

Banks with more gender-diverse boards performed better, as measured by return on equity, according to Proshare’s Bank Strength Index (PBSI), which measures board gender diversity (ROE).

Read Also: Beware of who helps you in a bank, You can lose your money if…

Despite the lack of information on female-led businesses, notable Nigerian corporations with female heads of affairs include Oluwatomi Somefun, Yemisi Edun, and Nneka Onyeali-Ikpe.

Ijeoma Oduonye, the CEO of the manufacturing company Cutix Plc, is another; nevertheless, the company’s financials make no mention of her compensation.

10 Highest-Paid Female CEOs In Nigeria Bank Industry

1. First City Monument Bank (FCMB) CEO

The highest-paid female CEO is First City Monument Bank’s Yemisi Edun. According to the bank’s financial results, she was appointed CEO in 2021, and her base pay is N117.63 million.

She is currently Nigeria’s ninth highest-paid bank CEO according to her compensation package.

2. Fidelity Bank CEO

The second highest-paid CEO is Fidelity Bank’s Nneka Onyeali-Ikpe. Her monthly salary is N110 million.

The banking industry’s tenth highest-paid position is this one. Onyeali-Ikpe became the bank’s first female MD in nearly 35 years when she was named MD/CEO of Fidelity Bank on January 1, 2021.

Read Also: Customer Service – What Nigerians Say About Their Banks

3. Unity Bank CEO
The longest-serving female CEO in the financial sector at the moment is Oluwatomi Somefun.

After a 26-year career in corporate banking, treasury & investment banking, retail, and commercial banking operations, she assumed the role of MD/CEO of Unity Bank in August 2015.

Her take-home pay is N41.4 million, placing her among the top ten bank CEOs in Nigeria according to Unity Bank’s financial records.

Read Also: How Banks are Transforming Lives in Nigeria

Others Include:

(4) Zenith Bank – Ebenezer Onyeagwu N246m

(5) Stanbc IBTC – Demola Sogunle N204m

(6) GTB -Olusegun Agbaje N171.96m

(7) UBA – Kennedy Uzoka N143m

(8) Union Bank of Nigeria – Emeka Okonkwo N134m

9) FBNH – U.K.Eke N131m

(10) Access Bank – Herbert Wigwe N120m