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MTN Nigeria leads pack of top-earning directors’ list for 2020 financial year
By Wale Ameen   Data obtained from the Nigerian Stock Exchange (NSE) of the top-earning directors across industries shows an interesting lineup with MTN Nigeria, Nigerian Breweries, and Zenith Bank topping the chart of the top 5 highest earning directors in Nigeria. A review of top-earning directors of Nigerian companies for the outgone 2020 financial year shows that telecommunications giant, MTN Nigeria led the pack with a remuneration package of N567 million for its highest-paid director. The telecommunication giant's profit after tax for the 2020 financial year is put at N205.21 billion while its 2019 PAT is N203.28 billion with a YoY PAT of 0.95%. The telecommunication giant is closely followed by Nigerian Breweries with its highest-paid director emolument of N378.39 million. It was N270.54 million in 2019, showing an increase of [+40%] with an N108.85 million increase. The company posted a profit after tax of N7.52 billion while its profit after tax for 2019 was N16.11 billion, signaling a -53.3% change. Zenith bank comes third with its highest-paid director for the 2020 financial year going home with N230 million. The FMCG industry is fourth on this table with Nestle Nigeria. The consumer goods manufacturer had its highest-paid director for the outgone financial year taking home N161.35 million. It was previously N218.08 million in 2019, a drop of N56.73 million with a profit after tax of N39.21 billion. When compared with its 2019 declared PAT of N45.68 billion shows a -14% change. Lastly, Dangote Sugar Refinery Plc comes 5th on this table with its highest director's emolument being N134.63 million.

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