NewStats: 3,262,096 , 8,176,062 topics. Date: Saturday, 31 May 2025 at 06:56 PM 2i6o3e

esky158:
Multi billion naira companies never run at loss they just don't declare their full profits and will always declare loss to avoid taxes and Government eyes on their business cous if government find out just how much they make they may try to take over the company form them ask tiktok what U..S is doing to them

Stop spreading lies


MTN nigeria made N3.36 trillion in revenue in 2024

they paid tax on their profit in naira, but made a loss when converted to dollars

motymop:
That is $2m in a year.

A top trader in Goldman sac earn this in bonuses per year also

Different economies and cost of living.

soccerlite:


Lori iro

Lol

Shop rite CEO in south africa earned $4.4M in salaries last year

Inosky:


Why can't Naija govt use intelligence and technology to their output and profits like US

They everyone get a sliced of the cake one way or another specially during election period they fund campaign and parties behind the curtain

jaxxy:
Not possible

Do you have evidence to refute the thread?

iamnotillicit:
So how much is his monthly salary...?

Roughly 150, 000 dollars a month

Not that big of a deal

YoshihideSuga:

Different economies and cost of living.

it has nothing to do with cost of living

Those who work in top trading firms earn a lot of money in bonuses per year

Tajbol4splend:
When you hear price hike in multitrillion businessess like telecom businesses, it's not because of economic situation, it's because of the kind of lifestyle they want which they want you to pay for.

Not a bad thing bro ..
If you look closely, someone must pay for somebody else's lifestyle...

Na so life be...
Recognize this and look for other olodo to pay for the lifestyle you want... E simple na..

cucumbar:
what is this one even saying?

So he’s not a true billionaire. Mchewww.

Don't use 'this one' to address me. Learn courtesy, please.

To buttress my point, if your annual salary is 1.5 billions for example, by the time you subtract your expenses, you will realized you're not yet a billionaire.

Hemanwel:
How is this possible? Let's bring it to perspective:

N8.5m × 5 days = N42.5m per week

N42.5m × 4 weeks = N170m per month

N170m × 12 months (1 year) = N2.04b per year.

N2.04b per year?? Again I ask: how is this possible when you are not a footballer?

Na peanut.
That's 150k dollars per month
No be big deal for "highest paid" in the biggest black nation.

Egypt, Algeria, Morocco, south africa highest paid get far more than that.

stagger:
It is sheer stupidity to be earning such money and his company is bleeding N400 billion.

I think his employment contract was signed when the company was constantly profitable.

If they have not considered a need to re-negotiate his payments, that means the company might be projecting the current year-end loss/es to be a temporal thing.

MTN should gradually bounce back with current approved product tariff hike, and FX price stability.

shortgun:

Do 8.5m by 30

even Sunday wahala for who no connect

I thought it would be a bank CEO

motymop:


Stop spreading lies

companies still pay tax after declearing a loss

MTN nigeria made N3.36 trillion in revenue in 2024

they paid tax on top of that and still declear a loss

How exactly is this possible?

YoshihideSuga:

Do you have evidence to refute the thread?

Do u have any evidence to corroborate this information by op besides a random post from twitter.

kettykin:
And the business he is managing is loosing N400b annually

I thought you guys blamed it on Tinubu before?

22 days per month..

He received #187 million per month

#2.244 billion per annum..

Without other things

Hemanwel:
How is this possible? Let's bring it to perspective:

N8.5m × 5 days = N42.5m per week

N42.5m × 4 weeks = N170m per month

N170m × 12 months (1 year) = N2.04b per year.

N2.04b per year?? Again I ask: how is this possible when you are not a footballer?

.I
Millions of Nigerians use mtn airtime and data per second.Airtime and data are like water and oxygen which are essential for human existence.I can't doubt its possibility on this premise.

motymop:


they are not wages which is true but they do earn that after base salary

for instance in 2018, Deutsche Bank paid Christian Bittar one of their top trader $140m for a single year

We don't know what Karl got as his bonus though.

Next nao una go hear sey dem don PLAN kidnap him.

helinues:
And how did you know he's the highest paid person.

Hahaha, you guys don't even have an idea how much companies like Shell, Total pay their top staff

Ehn? ~25k USD/month for some top engineers and PMs. How does that compare with what this CEO earns?

ItisWell22:


Let them keep shouting “school na scam”, as if we all can manage the risks and headaches involved in businesses.

Same way I laughed when someone said law is a useless course in Nigeria. My parents thought same too and even fasted to prevent my baby sister from studying it. Now, my parents are so surprised at how the little girl is doing so well for herself.

There are no hard and fast rules in life.
Let’s all pray to find our paths early, and maximize them while we can.

I am both surprised and dissapointed that you are just knowing that the most ignorant and stupid lots of Nigerians are those on the social media.
Some of the foolish arguments of those on the SM will not even fly at the beer parlour.

Ijaya123:


I thought you guys blamed it on Tinubu before?

Which guys are you talking about ,MTN just reported a ₦400 billion loss, and its CEO squarely blamed it on the naira’s devaluation—not on me, not on you, but on the government’s economic mismanagement under Tinubu. Nestlé, Nigerian Breweries, and MTN combined have now lost over ₦1 trillion—an amount large enough to fund the entire North East’s budget. If that doesn’t alarm you, then you’re either blind to reality or refusing to acknowledge it.

Nigeria’s economy is bleeding out. Confidence and trust in the business environment have been shattered. Companies that once made Lagos the economic powerhouse of the nation are now on the verge of a devastating three-year losing streak. How much longer can this go on? Time will tell, but the trajectory is clear—and it’s not looking good.

Dougad:


How exactly is this possible?

Mtn made a profit in naira in 2024 and were tax in naira on their profit

But because the naira was devalued from 907 to 1500, it affected their profit when they converted it to dollars, which made them declare a loss

Omoh

Athemisia:

Is not up to 2m usd but a little below 200k usd

lmao, that is not true

Jeffrey Frase, head of crude oil trading, got about $25m last year

Driss Ben-Brahim a top trader earned $30m in bonuses working for goldman sacs

Saga16:


We don't know what Karl got as his bonus though.

Dalohad:


Oga Agbadorian, they specifically mentioned Highest paid 'EMPLOYEE'. Make Una dey read well before opening your big mouths.

Jesus!

If only you know who well you have exhibited your ignorance to the whole world, you will rather deactivate this or come up with another moniker.

Indeed, you are the one with a big mouth and a mosquito brain.

If at this stage you do not know that an MD of a large company like MTN is equally an employee then, your case is pathetic.

Ignorant fool calling others names.

Clearly, na the customers dey feel am

shortgun:
MTN Nigeria CEO, Karl Toriola, reportedly earns ₦8.5 million daily, making him the highest-paid employee in the country.
How much do you earn?

https://x.com/instablog9ja/status/1896126458785054974?t=_iojVQ563l9ruVxITTH7xA&s=19

And, MTN claims to have lost N400b in the last 1 year

motymop:


who is karl?

Karl Toriola.