List of highest paying banks in Nigeria.
Over time, Nigerian banks have been criticized by their customers for unnecessarily extorting money from their customers.
their clients charge irrelevant fees, ultimately making them filthy rich. With all that
wealth, one might wonder how much do they actually pay their staff? You can find out as we begin the
countdown to the highest paying banks in Nigeria.
List of highest earning banks in Nigeria
Ecobank
Ecobank Nigeria is one of the biggest names in the banking industry here in Nigeria. Established in
1985, as part of a private sector initiative led by the West African Chambers of Commerce and
industry with the support of the Economic Community of West African States, Ecobank went from
from strength to strength over this period of time. Ecobank has accumulated several national titles and
an international award put them ahead of a few other banks, the few awards they have won include
African Investor of the Year 2015, EMEA Finance of the Year 2013, Best Structural Financing Operation in Africa
2013, trade deal of the year 2013 by Trade and forfeiting review, trade finance deals of the year
2013 by Trade Finance magazine among others.
I realized all this, how much do they actually pay their employee?
145,000 per month and N1,700,000 per year for entry-level staff.
Sterling Bank
The history of the Sterling Bank of Nigeria dates back to 1960, its only client bank.
popularly called was first incorporated in the same year, developing and expanding with the vision of being
the financial institution of choice. The former business interests of Equatorial Trust Bank were assimilated into
2011 which effectively strengthened their position in the hierarchy of respectable players in Nigeria
The banking industry.
As a reward for his hard work and credibility in the banking field, Sterling has won several awards which
include the Bank of West Africa’s Most Innovative Banker in Africa at the Bankers Africa Awards, the banker
Best Corporate Governance in Africa Bank 2015, Nigeria Technology Award Best Banking Website of the Year
2015, the title of Solar Banker of the Year awarded by Sun News to MD/CEO are just the few accolades accumulated by
this big bank.
So, how much do sterling bank employees earn?
145,000 per month and N1,700,000 per year for entry-level staff.
First bank
Without a doubt one of the biggest players in the banking industry, if not the biggest. Firstbank Nigeria is one of them
of the renowned name of the Nigerian banking sector. First incorporated in 1894 with the vision of being
Nigeria’s undisputed leader and bank of choice, Firstbank has gradually become what it is today. Awards accumulated by Firstbank Nigeria include Most Innovative Bank in Nigeria 2017, Most Valuable
banking brand in Nigeria, best bank in Nigeria, best private bank in Nigeria 2017, mobile banking app of
the year by the flagship ICT awards, etc.
Firstbank has employed hundreds of staff, but how many are going home?
Entry level staff go home with up to N3,000,000 per year, N250,000 per month.
See also: First Bank of Nigeria Recruitment,
First city monument bank (FCMB)
The City’s Premier Landmark Bank, affectionately known as FCMB, is a member of the FCMB Plc Group and is one of
the main financial institution in the country at present. Established in 1977 under the name City Securities Limited,
FCMB then organized a big competition for other banks in Nigeria. In 2018, FCMB obtained a
personal and professional banking license in the UK after completing a wholesale banking diploma
license to operate in the same country.
The FCMB have given back so much to society and are in turn rewarded for their human commitment.
development and contribution to small and medium-sized businesses.
So, how much does FCMB pay its staff?
Entry-level staff are paid up to N1,380,000 per year and N115,000 per month.
Guarantee Trust Bank
The fiduciary guarantee bank currently operates in nine other African countries (Côte d’Ivoire, Gambia,
Ghana, Liberia, Kenya, Rwanda, Uganda, Sierra Leone, Tanzania) and the United Kingdom which tells
exactly how big is the mark. Created in 1990, the fiduciary guarantee bank is known for its excellence,
professionalism, best practices and delivering an exceptional customer experience.
Guarantee banks are recognized by foreign and local organizations for their excellent service in terms of
sector and some of them include the President’s Merit Award from the Nigerian Stock Exchange, Bank of
the newspaper Year by This Day, highly praised bank of the year in Africa awarded by the African
investor awards and more recently the digital wallet of the year awarded by the Asian Banker
Excellence in Retail Financial Services Awards.
Now let’s see how many GTB employees go home with.
Entry-level staff earn about N2,500,000 per annum or N208,000.
Diamond Bank
Diamond Bank Plc is one of the fastest growing retail banks in Nigeria, incorporated in 1990.
Diamond Bank became a universal brand ten years later in 2001. With the vision to be the leader
financial institution, with the best people, offering an unparalleled customer experience and offering
higher shareholder value, the diamond banks have honestly kept their word.
Several recognitions obtained by the diamond bank during the process include excellence in financial inclusion.
at the prestigious Lafferty Prize for its Diamond Yello mobile banking solution, the prize was
presented in Cape Town, South Africa in February 2017.
Diamond Bank boasts of having the best people in the Nigerian banking industry and a team of professionals and
creative minds focused on delivering innovative customer-centric solutions.
So let’s see how much Diamond Bank staff go home with.
Entry-level staff earn up to N2,500,000 per annum, N250,000 per month.
Zenith Bank
Zenith Bank is undoubtedly one of the most notable names in the Nigerian banking industry.
Established in 1990, Zenith Bank Nigeria commenced operations in July of the same year and became a state-owned bank.
Limited in 2004, it was also listed on the Nigerian Stock Market. This bank is currently
operating in other African countries including Ghana, Zenith Bank (Ghana) Limited; Sierra Leone,
Zenith Bank (Sierra Leone) Limited; Gambia, Zenith Bank (Gambia) Limited.
Several awards won by Zenith Bank for excellence include the African Bankers Award – Best Global Bank.
(2008), Vanguard Bankers’ Award – Best Bank in ICT (2008), Vanguard Bankers’ Award – Best Bank in
Export Finance (2008), This Day Excellence Award – Bank of the Year (2008), This Day Award
Excellence – Corporate Citizen of the Year (2008), This Day Excellence Award – CEO of the Year (2008),
This Day Excellence Award – Most Socially Responsible Business in Nigeria (2007) among
others.
So, how much does Zenith pay its staff?
Entry-level staff of this bank earn up to N1,296,000 per annum (N108,000) per month.
Fidelity Bank
Fidelity bank plc is a bank that promises to keep its word and this can be attested to by most of its
clients. Founded in 1988, Fidelity began operations the same year and grew from strength to strength
strength since then. With the vision of being number one in every market they serve and for every
branded product they offer.
Fidelity Bank Nigeria plc is currently ranked among the top ten banks in Nigeria, offering its customers
the best customers demand from a bank giving them several recognitions in the sector which include most
an enhanced corporate and investment bank and the best mobile money bank, among others.
Now let’s see how much Fidelity pays its staff.
Entry-level staff go home with up to N1,400,000 per year, N116,000 per month.
United Bank for Africa
United Bank for Africa is one of the largest banks in all of Africa, operating in many African countries.
countries including Cameroon, Ivory Coast, Uganda, Sierra Leone and Liberia, as well as purchasing more
more than 50% of the International Bank of Burkina Faso which is the largest bank in this country.
Several national and international recognitions acquired by this major financial institution include the Asian market
Banking Technological Innovation Award in 2017, Bank of the Year in 2016 as part of an award sponsored by the
bankers’ magazine, best bank in Sub-Saharan Africa among others too numerous to mention.
So, how much does UBA pay its staff?
Entry-level staff earn up to N1,500,000 per annum, N125,000 per month.
Union Bank
Union Bank is one of the oldest banks in Nigeria and Africa as a whole. Created in 1917, the union bank
has continued its endless growth over the years. Union Bank is one of the most trusted and reliable banks.
bank of the country, thus accumulating millions of customers.
Haven has had all this growth and success, have they really balanced that with their staff salaries? Well we
We’re about to find out.
Entry level staff earn about N2,500,000 per annum, N208,000 per month
See also: Bank to Bank Transfer Code (using Mobile Phone) in Nigeria Today
This is the information collected by our team, I hope it is exactly what you were looking for.
