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The list of highest salary-paying companies in Nigeria has been revealed, with MTN and UBA making the listThe list includes 20 companies from oil and gas companies, including financial sectorThe ranking of the companies was determined by considering both the number of staff employed and the total expenses incurred on staff salariesData 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).
Nigerian companies paid out more salary in 2022 than the previous year
Photo credit: @bymuratdeniz
Source: UGCThe companies operate in various sectors, including oil and gas, telecommunications, banking, financial services, consumer goods, and power and utilities.
Breakdown of the companies salary payment in 2022Seplat Energy, a leading energy company, is top of the list, with a great 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 out an average of N26.49 million and N20.10 million in 2022.
Salary breakdown by companiesCompaniesStaff Salaries for 2022Staff NumberAverage pay per employeeSeplat EnergyN23.19bn596N38.91mTotalEnergies PlcN13.07bn429N30.48mMTN NigeriaN45.08bn1,675N26.91Okomu Oil Palm PlcN10.33bn390N26.49mArdova PlcN3.37bn168N20.1mNigerian BreweriesN51.33bn2,685N19.12mAccess HoldingsN116.62bn6,824N17.09mStanbic IBTCN50.99bn3,008N16.95mGeregu PowerN2.13bn130N16.45mWema BankN21.33bn1,415N15.08mNestle Nigeria PLCN34.78bn2,320N14.99mAXA Mansard InsuranceN4.89bn358N13.69mUnion Bank N26.72bn2,025N13.2mCadbury Nig. PlcN5.80bn480N12.08mUBAN93.24bn9,591N11.88mUnilever NigeriaN8.77bn786N11.16mConoil PlcN1.83bn 168 N10.9mZenith BankN86.41bn8,077N10.7mFCMBN35.61bn3,342N10.66mTotalN661.62 billion.44,468 employeesElon Musk turns Twitter office to ‘hotel,’ demands hard workMeanwhile, 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
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