Commercial banking in Nigeria remains a prominent sector, with major banks offering competitive salaries to their staff. As of 2025, the salary ranges for commercial bank employees in Nigeria have been adjusted, reflecting market trends, inflation, and the ongoing competition for top talent in the financial industry. This guide offers an overview of the salary structure for entry-level, experienced, and senior staff across several prominent commercial banks in Nigeria.
1. Entry-Level Staff (Trainees, Bank Tellers, and Customer Service Officers)
For individuals starting their banking careers, entry-level positions offer competitive salaries. The salary range for these positions varies depending on the bank, location, and specific job role.
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Monthly Salary: ₦100,000 to ₦180,000
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Examples:
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Personal Bankers in major banks like Zenith Bank and UBA typically earn between ₦163,500 and ₦180,000 per month. (source)
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Bank Tellers or Customer Service Officers in Access Bank earn approximately ₦130,000 to ₦150,000 per month.
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2. Banking Officers
Banking Officers, typically with a few years of experience, earn higher salaries. They are often tasked with handling customer inquiries, transactions, and maintaining relationships with clients.
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Monthly Salary: ₦600,000 to ₦1,500,000
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Examples:
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Wema Bank offers Banking Officers an estimated monthly salary between ₦875,000 and ₦1,015,000.
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Union Bank pays Banking Officers an average salary of ₦700,000 to ₦900,000.
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3. Senior Banking Officers
Senior officers are typically more experienced staff who take on higher responsibilities, such as managing branches, supervising teams, or handling high-value transactions.
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Monthly Salary: ₦800,000 to ₦1,200,000
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Examples:
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Sterling Bank pays Senior Banking Officers approximately ₦830,000 per month.
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GTCO offers Senior Officers a salary range from ₦1,000,000 to ₦1,200,000 per month.
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4. Assistant Managers
Assistant Managers in commercial banks hold managerial roles and typically supervise staff members or handle departmental duties. These positions offer competitive compensation packages to reflect their level of responsibility.
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Monthly Salary: ₦1,000,000 to ₦1,500,000
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Examples:
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Access Bank offers Assistant Managers up to ₦1,300,000 per month.
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Fidelity Bank pays Assistant Managers between ₦1,100,000 and ₦1,300,000 monthly.
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5. Relationship Bankers
Relationship Bankers work with clients to develop banking relationships and grow the bank’s customer base. They handle key accounts, investments, and other financial products.
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Monthly Salary: ₦270,000 to ₦350,000
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Examples:
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Zenith Bank offers an average salary of ₦270,000 for Relationship Bankers.
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UBA provides Relationship Bankers with a salary range of ₦330,000 to ₦350,000 per month.
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Bank-Specific Salary Highlights
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Wema Bank: Known for its competitive salary structure, Wema Bank offers Banking Officers a monthly salary between ₦875,000 and ₦1,015,000. Senior Officers can earn up to ₦1.2 million.
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Sterling Bank: Senior Banking Officers earn an average of ₦830,000, while Assistant Managers can earn up to ₦1.5 million.
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Access Bank: Entry-level salaries for new hires start at ₦330,000, and Assistant Managers can expect ₦1.3 million per month.
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UBA (United Bank for Africa): UBA offers entry-level salaries ranging from ₦250,000 to ₦400,000, depending on the position, while more senior roles pay up to ₦1.5 million.
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Fidelity Bank: Fidelity offers its entry-level staff a salary of about ₦360,000, with higher-paying positions reaching up to ₦1.3 million for Assistant Managers.
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Zenith Bank: Entry-level salaries for new staff typically start at ₦245,000, while Assistant Managers earn around ₦800,000 to ₦1.5 million.
Summary Table of Commercial Bank Salaries
| Bank Name | Entry-Level Salary (₦) | Banking Officer Salary (₦) | Senior Officer Salary (₦) | Assistant Manager Salary (₦) |
|---|---|---|---|---|
| Wema Bank | ₦255,000 | ₦875,000 - ₦1,015,000 | ₦830,000 | ₦1,070,000 |
| Sterling Bank | ₦340,000 | ₦662,000 | ₦830,000 | ₦830,000 |
| Access Bank | ₦330,000 | ₦900,000 | ₦1,100,000 | ₦1,300,000 |
| UBA | ₦400,000 | ₦800,000 | ₦800,000 | ₦800,000 |
| Fidelity Bank | ₦389,000 | ₦780,000 | ₦830,000 | ₦1,100,000 |
| Zenith Bank | ₦245,000 | ₦800,000 | ₦800,000 | ₦800,000 |
| GTCO | ₦460,000 | ₦720,000 | ₦720,000 | ₦720,000 |
| Providus Bank | ₦433,000 | ₦1,500,000 | ₦1,500,000 | ₦1,500,000 |
| Standard Chartered | ₦514,000 | ₦720,000 | ₦720,000 | ₦720,000 |
Frequently Asked Questions (FAQ)
Q1: What is the average salary for a commercial banker in Nigeria?
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The average salary for a commercial banker in Nigeria is approximately ₦5,213,468 per year.
Q2: How much do entry-level bank staff earn in Nigeria?
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Entry-level bank staff typically earn between ₦100,000 and ₦180,000 per month, depending on the bank and location.
Q3: Which commercial bank pays the highest salary to its staff?
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Some of the highest-paying banks include Standard Chartered and Fidelity Bank, offering competitive packages to their employees.
Q4: Do banks in Nigeria offer bonuses to their staff?
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Yes, many commercial banks in Nigeria offer performance-based bonuses and incentives in addition to their base salary.
Q5: Are there salary differences between commercial banks in Nigeria?
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Yes, there are significant salary differences, with top-tier banks like Access Bank, UBA, and Wema Bank offering higher salaries compared to smaller banks.
This salary breakdown provides a clear overview of commercial banking compensation in Nigeria for 2025. Whether you’re starting your banking career or are considering a move to a senior position, it’s important to have this information in hand when evaluating job offers.
