If you’re looking to get an idea of how much some popular Nigerian companies pay their entry-level staff (i.e. newly employed fresh graduates), then you’re just on the right page. Read on to see the exact figures that these companies pay.
Bear in mind, however, that the information on this page is subject to sudden change, so some figures may no longer be correct. In addition, even though we’ve tried our best to ensure that the figures and estimates are correct, we admit that the information here can’t be 100% accurate.
|Guaranty Trust Bank||N209,000|
|Diamond Bank||N240,000 (N80,000 for trainees)|
|United Bank for Africa||N142,000|
|First Bank||N150,000 + allowances worth around N150,000+|
|Keystone Bank||N127,000 excluding allowances|
|Fidelity Bank Plc||N180,000|
Oil and gas
|Shell (SPDC)||N667,000 (permanent), N250,000 to N500,000 (contract|
|Mobil Oil Nigeria||N500,000|
|Mobil Producing Nigeria||N700,000 – N800,000|
|IOCs E&P (upstream)||N600,000 to N1million|
|Independents E&P (upstream)||N300,000 – N600,000|
|Multinational oil servicing||N300,000 – N600,000|
|Tier 2/ Indigenous oil servicing||N200,000 – N400,000|
|Tier 1 downstream||N200,000 – N400,000|
|Tier 2 downstream||N150,000 – N200,000|
|PZ Cussons||N145,000 (RDM i.e. sales)|
|Meristem||N100,000+ with profit sharing|
|Guinness Nigeria||N120,000 – N160,000|
|Nigerian Bottling Company||N148,000 – N160,000|
|Cadbury Nigeria Plc||N130,000|
|Nigerian Breweries Plc||N350,000|
|Lafarge||N90,000 excluding allowances|
|EEDC Eastern Electric Distribution Company||N350,000|
|PHCN||N79,000 (excluding bulk rent and pay leave allowance|
Auditing and consulting
|KPMG||N171,000 b.t. (non-chartered ET)/ N145,000 (non-chartered ETOP)|
|PWC||N140,000 (non chartered)|
|MTN Nigeria||N180,000 – N250,000|
|INEC||N77,000 (including allowances)|
|Multichoice||N40,000 – N70,000|
Additional points to note
Listed figures are for professional, permanent staff, not contract staff or ETOPs (except otherwise stated).
Some figures represent net total with tax deductions, while some represent salary without tax deductions.
All values are for monthly pay (not annual).
Oil exploration companies pay at least N500,000 for entry level employees, while servicing companies pay at least N200,000.
Multinational oil companies pay according to global standards because their employees can be deployed to anywhere in the world. This explains why they pay the highest salaries.
Most bank employees don’t get to earn the figures listed because the figures are for professional staff, whereas 75% of bank staffs are contract staff who don’t earn up to one-third of the figures listed. So, don’t be surprised to know that most “bankers” don’t earn as much as the listed figures.
Aviation companies pay between N600,000 and N800,000.
Actual salaries may vary slightly depending on qualification and unit.
Most companies offering seemingly low salaries bolster their pay with juicy allowances.