₦airaland Forum

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

Bigboytinz:
pls he's not a billionaire. A billionaire is someone who has cash or assets of at least 1 billon in a major world currency USD GBP or Euros. If that wasn't the case then everyone in Zimbabwe or Djibouti would be a billionaire. So he simply earns just around 1.4 million USD every year which is pretty basic in big cities like New York or Tokyo. Go San Francisco go see cash

planetx:
Nothing basic about 1.4 million dollars in the US big cities or not, 99% of Americans don't earn that in a year.

Bigboytinz:
such a joke. You just go Google something off the net without facts. So you think everybody declares their true earnings in the United States right??

planetx:
Go and sit down, what do you know about the US and earnings. Nothing basic about 1 4 million dollars in the US except for the 1%. Don't lecture me and I don't need Google.

planetx:
Go and sit down, what do you know about the US and earnings. Nothing basic about 1 4 million dollars in the US except for the 1%. Don't lecture me and I don't need Google. Go to NY and earn the millions of dollars since everyone there is a millionaire, what is stopping you.

iamnotillicit:
Some companies pay 22 days, some 21, some 24

It's not always by calendar months

CodeTemplar:
Thats like N250m a month.

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?

McDoe:
And you may be very surprised to know that some of the junior staff under him such as drivers and security earns far less than 200k in a month. May greediness no kiii Nigerians Ogas dem! #spit

kettykin:
If you make this kind of N400b loss in some banks, there will be uproar during the AGM or board meetings. The ceo will be force to resign or leave during any of the meetings. But mtn continues with the loss making streak. Leaving investors wondering.

Almost every business they have gotten their hands on are bleeding nonstop with losses and negative growth.

Basicend:
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.

Bigboytinz:
pls he's not a billionaire. A billionaire is someone who has cash or assets of at least 1 billon in a major world currency USD GBP or Euros. If that wasn't the case then everyone in Zimbabwe or Djibouti would be a billionaire. So he simply earns just around 1.4 million USD every year which is pretty basic in big cities like New York or Tokyo. Go San Francisco go see cash

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[/quote]And MTN lost ₦400 million monthly...

Something is not right here....

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?

Mrexcell:
Not only footballers can earn such there are crypto traders who earn more than this amount a day.

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?

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

BigIyanga:
In their dreams. Story. As a crypto trader, wetin u dey do here??

planetx:
People will just come to spill nonsense rumours they read somewhere online, just like the one saying 1.4 million$ salary is basic in NY and San Francisco.

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

DMerciful:
Is this where you should be focusing on?

iamnotillicit:
I should focus on the salary that is not entering my account...?

DMerciful:
Someone said N8million daily, and you're asking how much monthly? Do the maths and stop asking lame questions.

Whether 22 days or 30 days a month, its still excessive

kettykin:
If you make this kind of N400b loss in some banks, there will be uproar during the AGM or board meetings. The ceo will be force to resign or leave during any of the meetings. But mtn continues with the loss making streak. Leaving investors wondering.

Almost every business they have gotten their hands on are bleeding nonstop with losses and negative growth.

indoorlove:
You are truly a billionaire when you earn billions from your business not when you're paid billion a year.

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

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

christopher123:
and you are typing from one room apartment at Mushin