The banking sector in Nigeria is one place graduates would love to work because of the notion that they are among the highest salary paying organizations in Nigeria. Well, I would not rate them too high because as far as salaries are concerned, they are never stable. How much Nigerian Banks pay their workers differs according to bank type, performance, educational qualification, financial capability and other factors.
Please note that no matter how strong or financially buoyant banks in Nigeria are, Nigerian Banks salary cannot be compared to that of Oil Companies in Nigeria
Below are what some banks pay their staff in Nigeria.
1. First Bank
First Bank is the oldest Bank in Nigeria and it is no surprise that they are reliable in paying their staff high salaries. With its many recorded achievements in the Banking Industry, First Bank pay their entry level staff between N110,000 to N150,000 monthly but increases after you are being confirmed.
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2. Zenith Bank
Another bank that is stable and reliable in Nigeria is Zenith Bank. They pay their entry staff about N110,000 monthly, totaling about N1,320,000 per annum. Also, salary tends to increase upon confirmation.
3. Guarantee Trust Bank
GTB as it is popularly called or Guarantee Trust Bank is one of the most professional bank in Nigeria as they are customer friendly. GTB is one of the highest paying banks in Nigeria with the sum of N209,000 per month as salary for entry level staff.
4. Fidelity Bank
Personally, I love Fidelity Bank, because they have achieved far better than most of the older banks in Nigeria that were in existence before them. The bank started as a Mortgage bank in 1988 before being a commercial bank in 1990. Fidelity pays their entry level staff N140,000 per month and are known for employing young graduates.
5. Skye Bank
Although not that popular like Zenith or First bank, Skye Bank is also one of the oldest banking institutions in Nigeria. For entry level employees take a home pay of N104,000 due to increase upon confirmation.
Other Nigerian Banks include:
6. Union Bank of Nigeria: N180,000 to N258,000
7. Diamond Bank: N240,000 but for trainees, N80,000
8. United Bank of Africa, UBA: N142,000
9. Key Stone Bank: N127,000
10. Central Bank of Nigeria: N122,000 plus other allowances
ALSO READ: CENTRAL BANK OF NIGERIA: ALL YOU NEED TO KNOW
As I earlier stated, salaries of Nigerian Banks are subject to change so some of these figures may no longer be accurate due to the economic trend. Please if you spot an error in figures, help rectify it by using the comments below and we would effect the change as soon as possible.