Entry Level Salaries of Nigerian Companies and Agencies

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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.

Banking

Union Bank N180,000/N258,000
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+
Access Bank N237,000
Enterprise Bank N249,000
Keystone Bank N127,000 excluding allowances
Fidelity Bank Plc N180,000
Skye Bank N104,000
FBN Capital N400,000+

Oil and gas

Shell (SPDC) N667,000 (permanent), N250,000 to N500,000 (contract
Exxon Mobil N1million
Total Oil N1million
Mobil Oil Nigeria N500,000
Mobil Producing Nigeria N700,000 – N800,000
Schlumberger N500,000
Chevron N750,000+
Halliburton N375,000
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
NNPC N190,000
DPR N190,000
PPPRA N190,000
NestOil Plc N150,000??

Manufacturing

PZ Cussons N145,000 (RDM i.e. sales)
Meristem N100,000+ with profit sharing
Guinness Nigeria N120,000 – N160,000
Dangote Sugar N150,000
Dangote Cement N140,000
Nigerian Bottling Company N148,000 – N160,000
Cadbury Nigeria Plc N130,000
Frigoglass N50,000
Nigerian Breweries Plc N350,000
Lafarge N90,000 excluding allowances

Electrical/Electronics

General Electric N300,000+
Huawei Technologies N200,000
Tecno Mobile N120,000
Ericsson N88,000
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)
Deloitte N150,000 a.t.

Telecommunications

MTN Nigeria N180,000 – N250,000
Globacom N120,000
Airtel Nigeria N100,000??

Others

P&G N200,00+
INEC N77,000 (including allowances)
PAL N77,000
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.

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