FCMB Group Tops Nigerian Bank CEO Pay in 2025

In 2025, executive remuneration at Nigeria's leading banks rose sharply, with FCMB Group's highest-paid director earning N447.9 million, a 35.9% increase from N329.5 million in 2024. FCMB's profit before tax soared 80.6% to N202.1 billion, while profit after tax more than doubled to N177.3 billion.

Zenith Bank's highest-paid director received N367 million, a 110.9% increase from N174 million, despite a minimal profit after tax increase from N1.03 trillion to N1.04 trillion. Access Holdings ranked third, with its highest-paid director's remuneration rising 62.8% to N293 million, outpacing profit growth.

First HoldCo's highest-paid director earned N195 million, a 101% increase, while the company's profit plummeted 79.4% to N139.5 billion. Wema Bank reported its highest-paid director receiving N160.3 million.

The analysis reveals a disparity between executive pay increases and overall financial performance across these institutions.