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Resource Allocation Overview (in Rs. Millions)
Financial comparison of the vehicle sale and the resulting investment in staff transportation.
Primary Sources
CPC chairman allocated vehicle sold, funds used to buy buses for staff ...
May 13, 2026 at 4:09 PM The luxury BMW car allocated to the Chairman of the Ceylon Petroleum Corporation (CPC) has been sold for Rs. 30 million, with the proceeds used to purchase two buses to provide transport facilities for employees at the Kolonnawa and Muthurajawela premises. According to the Dinamina newspaper, current Chairman D.J. Rajakaruna had decided against using the vehicle, citing its high maintenance costs and heavy fuel consumption. Instead, the car was sold under the new administration, and the funds were redirected to improve staff welfare. Two buses, one valued at Rs. 19 million, were handed over to employees earlier this week under the leadership of Chairman D.J. Rajakaruna. (Newswire) 2026-05-13
MTN Announces New Pay Package for Chairman, Directors After Paying ...
MTN Nigeria approved a new remuneration package that would see the CEO and directors earn moreShareholders also approved the sale of a 60% stake in MTN Nigeria’s fintech subsidiaries, including MoMo Payment ServiceThe telcom giant also nearly doubled the number of employees earning at least N2.4 million monthly in 2025Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.MTN Nigeria shareholders have approved a new remuneration package for the company’s chairman and non-executive directors, with Chairman Ernest Ndukwe set to earn N167.98 million for the 2026 financial year.The approval was granted during the telecom operator’s Annual General Meeting held on April 30, 2026, according to a corporate disclosure filed with the Nigerian Exchange Limited.MTN Nigeria approves higher pay for directors, as shareholders also back a major fintech restructuring deal. Photo: Bloomberg Source: Getty ImagesUnder the approved structure, each of the company’s other non-executive directors will receive N108.37 million for the financial year ending December 31, 2026. MTN Nigeria stated that the remuneration would be paid quarterly in arrears or at intervals approved by the board, adding that the compensation package would be adjusted yearly to reflect inflation trends. The company said in its filing:“The remuneration for Non-Executive Directors for the financial year ending 31 December 2026 is hereby fixed at N167,977,679 for the Chairman and N108,368,288 for each of the other Non-Executive Directors respectively."MTN to separate fintech businessShareholders at the AGM also approved the re-election of several board members, including Ifueko M. Omoigui Okauru, Jens Schulte-Bockum, Tsholofelo Molefe and Muhammad K. Ahmad.In another major decision, shareholders approved the structural separation of MTN Nigeria’s fintech business, paving the way for the proposed sale of a 60% stake in its fintech subsidiaries to parent company MTN Group.The proposed N152.06 billion transaction involves the sale of majority stakes in MoMo Payment Service Bank and Y’ello Digital Financial Services through MTN Group Fintech B.V., while MTN Nigeria will retain a 40% interest.The telecom company said the transaction aligns with MTN Group’s Ambition 2030 strategy focused on strengthening its position in connectivity, fintech and digital infrastructure across Africa.MTN Nigeria’s chairm...
Chairman of the Board & CEO - ERI SalaryExpert
The average chairman of the board & ceo gross salary in Philippines is ₱4,466,187 or an equivalent hourly rate of ₱2,147. In addition, they earn an average bonus of ₱3,259,870.
Land Transportation Franchising and Regulatory Board - LTFRB
CPC is a document that serves as an authority for companies, cooperatives and motor vehicle owners, to operate a public utility vehicle and one of the ...
