The banking industry in Nigeria continues to be one of the most lucrative sectors, offering competitive salaries and attractive benefits to employees. Whether you are a fresh graduate looking to start a banking career or an experienced professional seeking better opportunities, knowing which banks offer the highest salaries is crucial. This blog highlights the top 20 highest-paying banks in Nigeria in 2025, covering both Microfinance Banks (MFB) and Commercial Banks.
1. Access Bank
As one of the largest commercial banks in Nigeria, Access Bank continues to lead the way in offering competitive pay. The bank’s salary structure is known for its generous pay scales for entry-level and senior staff, alongside numerous allowances and bonuses.
- Salary Range: ₦100,000 – ₦400,000 (Entry-level), ₦1,000,000+ (Senior Staff)
2. Zenith Bank
Zenith Bank remains one of the most attractive banks for job seekers, providing highly competitive salaries and excellent career growth prospects. Its reputation for paying well extends to all levels of staff.
- Salary Range: ₦120,000 – ₦500,000 (Entry-level), ₦1,200,000+ (Senior Staff)
3. First Bank of Nigeria
As one of Nigeria's oldest and most respected financial institutions, First Bank offers competitive pay with an excellent benefits package. This includes allowances, bonuses, and health insurance.
- Salary Range: ₦110,000 – ₦450,000 (Entry-level), ₦1,000,000+ (Senior Staff)
4. Guaranty Trust Bank (GTBank)
GTBank is known for providing a dynamic work environment and excellent compensation. The bank pays above-average salaries to its employees across all levels, offering opportunities for growth and bonuses.
- Salary Range: ₦120,000 – ₦550,000 (Entry-level), ₦1,200,000+ (Senior Staff)
5. United Bank for Africa (UBA)
UBA offers attractive pay and benefits to its staff. The bank rewards performance and offers allowances, career development programs, and international opportunities for employees.
- Salary Range: ₦110,000 – ₦500,000 (Entry-level), ₦1,100,000+ (Senior Staff)
6. Stanbic IBTC
Stanbic IBTC, a subsidiary of Standard Bank, provides top-tier salaries and a rewarding career path for employees, especially at the senior staff level.
- Salary Range: ₦120,000 – ₦550,000 (Entry-level), ₦1,200,000+ (Senior Staff)
7. Ecobank Nigeria
Ecobank is another major player in Nigeria's banking sector, offering competitive salaries and excellent benefits packages to its employees.
- Salary Range: ₦110,000 – ₦500,000 (Entry-level), ₦1,100,000+ (Senior Staff)
8. Fidelity Bank
Fidelity Bank is known for its comprehensive employee benefits, which include competitive salaries, bonuses, allowances, and career development opportunities.
- Salary Range: ₦100,000 – ₦400,000 (Entry-level), ₦1,000,000+ (Senior Staff)
9. Union Bank
Union Bank offers competitive pay for its employees and is recognized for its strong employee benefits package and opportunities for career advancement.
- Salary Range: ₦100,000 – ₦400,000 (Entry-level), ₦1,000,000+ (Senior Staff)
10. Polaris Bank
Polaris Bank is known for offering attractive pay packages, with opportunities for growth and attractive allowances for both entry-level and experienced employees.
- Salary Range: ₦120,000 – ₦450,000 (Entry-level), ₦1,100,000+ (Senior Staff)
11. Kuda Bank
Kuda Bank, a leading digital bank in Nigeria, has gained popularity for offering competitive salaries and great work benefits, especially in terms of work flexibility and growth opportunities.
- Salary Range: ₦100,000 – ₦400,000 (Entry-level), ₦1,000,000+ (Senior Staff)
12. OPay
OPay is another digital bank with impressive pay structures for its staff. Known for offering quick growth prospects and a flexible work environment, OPay remains one of the top-paying banks in Nigeria.
- Salary Range: ₦100,000 – ₦450,000 (Entry-level), ₦1,100,000+ (Senior Staff)
13. Lapo Microfinance Bank
Lapo MFB stands out in the microfinance banking sector by offering above-average salaries compared to other institutions in the category.
- Salary Range: ₦90,000 – ₦350,000 (Entry-level), ₦900,000+ (Senior Staff)
14. FairMoney Microfinance Bank
FairMoney offers competitive pay, along with performance-based bonuses and allowances. It’s one of the most attractive microfinance banks for young professionals.
- Salary Range: ₦90,000 – ₦350,000 (Entry-level), ₦900,000+ (Senior Staff)
15. Moniepoint (formerly TeamApt)
Moniepoint has grown rapidly in Nigeria’s fintech sector, offering competitive salaries, bonuses, and a work environment focused on innovation and career development.
- Salary Range: ₦100,000 – ₦400,000 (Entry-level), ₦1,000,000+ (Senior Staff)
16. Accion Microfinance Bank
Accion MFB offers competitive salaries and attractive benefits packages, making it one of the top-paying microfinance banks in Nigeria.
- Salary Range: ₦90,000 – ₦350,000 (Entry-level), ₦900,000+ (Senior Staff)
17. RenMoney Microfinance Bank
RenMoney continues to offer solid pay packages to its employees. With a focus on employee welfare, the bank provides benefits such as allowances, insurance, and performance bonuses.
- Salary Range: ₦90,000 – ₦350,000 (Entry-level), ₦900,000+ (Senior Staff)
18. VFD Microfinance Bank
VFD MFB offers competitive pay and benefits to employees, providing ample opportunities for growth in a rapidly expanding institution.
- Salary Range: ₦100,000 – ₦400,000 (Entry-level), ₦1,000,000+ (Senior Staff)
19. Jaiz Bank
Jaiz Bank has grown in prominence and is known for offering competitive salaries within the Islamic banking sector, along with career development opportunities.
- Salary Range: ₦100,000 – ₦400,000 (Entry-level), ₦1,000,000+ (Senior Staff)
20. Unity Bank
Unity Bank offers competitive pay and benefits to its employees, with a focus on performance-based incentives and career advancement.
- Salary Range: ₦100,000 – ₦400,000 (Entry-level), ₦1,000,000+ (Senior Staff)
Frequently Asked Questions (FAQ)
Q1: What are the highest-paying commercial banks in Nigeria for 2025?
- Access Bank, Zenith Bank, First Bank, and GTBank are among the top highest-paying commercial banks in Nigeria.
Q2: Do microfinance banks in Nigeria pay well?
- Yes, many microfinance banks like Lapo MFB, FairMoney, and RenMoney offer competitive salaries and benefits.
Q3: How do salaries differ between entry-level and senior staff in Nigerian banks?
- Entry-level salaries typically range from ₦90,000 to ₦400,000, while senior staff can earn upwards of ₦1,000,000, depending on the bank and role.
Q4: Are there bonuses and allowances in Nigerian banks?
- Yes, most Nigerian banks, especially the top-paying ones, offer performance bonuses, allowances for transportation, housing, and other benefits.
Q5: Which bank is best for career growth in Nigeria?
- Banks like Access Bank, GTBank, and UBA are known for offering strong career development opportunities along with competitive salaries.
Conclusion
The banking sector in Nigeria is not only offering secure jobs but also excellent pay packages that attract top talents. Whether you are looking for a role in a commercial bank or a microfinance institution, the list of banks provided here in 2025 will give you a clear idea of the best-paying options available in Nigeria.
