Top 10 Highest Paying Banks In Nigeria : Salary Structure

I know you must have asked,how much does
Nigerian bankers earn anyway?

No doubt,Nigerian banking system has given employment to thousands of Nigerians.

Some of these banks pay their employees mouth watering salaries while some banks pay less,this article lists the current and highest paying banks in Nigeria.

Contrary to what most people believe, some of the biggest banks in Nigeria do not pay their employees fat salaries,most often its the smaller banks that bring in the big bucks.
We went around asking and searching,luckily we were able to put together about 10 Highest paying Nigerian banks and their salary structure,so when next your applying for a job in a bank,you should also consider their salary structure and bonuses.

Top 10 Highest Paying Banks In Nigeria & Salary Structure

10. Sterling Bank Plc

Sterling Bank Plc is one of the commercial banks operating in Nigeria,with a total assets of ₦ 834 billion and total equity of ₦ 85.66 billion as of 2016,with 189 Business Offices, 776 ATMs scattered across Nigeria.

Sterling bank has around 2243 employee's with some of them being contract workers.

Sterling Bank is the 10th best paying bank in Nigeria.

9. Union Bank Of Nigeria Plc

Union Bank of Nigeria Plc., commonly known as Union Bank, is a commercial bank in Nigeria.

Founded in 1917 and definitely one of the oldest banks in Nigeria with a total asset evaluation of US$6.784 billion in 2012,union bank is the 9th best paid bank in Nigeria.

8. Diamond Bank Plc

Coming through at number 8 is Diamond Bank Plc.

Diamond bank was founded in 1990 and has branches in Nigeria,Benin,Senegal,Cote 
d'Ivoire,Togo and United Kingdom.

With a total asset of ₦1.7 trillion US$7.3 billion as of December 2012,Diamond Bank is the 8th best paid bank in Nigeria.

7. Fidelity Bank Plc

The Nigerian bank with the 7th best salary structure in Nigeria is Fidelity bank.Founded in 1988 with a total asset of US$6+ billion in 2013.

Fidelity bank pays its entry level staff around N1.4milIon per year.   

6. United Bank for Africa

Founded in 1949,and one of the oldest banks in Nigeria with branches in 19 countries in Africa.
United Bank for Africa Plc is one of the biggest banks in Nigeria but it pays it's staff about N1.5m yearly.   

5. Zenith Bank Plc

When it comes to ranking as one of the best banks in Nigeria,Zenith Bank ranks well,but when it comes to the salary structure of its employees,it ranks as the 5th best paid bank in Nigeria.

Founded in May 1990 By Jim Ovia,with branches in Ghana, Nigeria, Sierra Leone, South Africa and UK.
Zenith Bank pays its workers approximately N1,296,000 yearly. 

4. Guarantee Trust Bank (GTBank)

Founded in 1990 with branches scattered across Nigeria,plus international branches in Cote d'Ivoire, 
Kenya, Liberia, Gambia, Ghana, Nigeria, Rwanda, Sierra Leone, Uganda and United Kingdom.

GTBANK is definitely the most popular bank in Nigeria, with a 2014 Revenue of ₦278.5 billion in 2014.

GTBANK pays its employees about N2.5million per annum accompanied with other benefits and allowances. 

3. Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) was established in1958,with its major regulatory objectives being to maintain the external reserves of the country.

The CBN is the 3rd best paid bank in Nigeria.

2. First Bank of Nigeria Plc

FirstBank is the biggest bank in Nigeria by total deposits and gross earnings.

First Bank operates a network of over 750 business locations across Africa, the United Kingdom with representative offices in Abu Dhabi, Beijing and Johannesburg south Africa.

First banks pays an estimated N3m - N3.5million yearly for entry level staff workers with allowances and benefits like medicals for your family Etc,first bank is the second highest paying bank in Nigeria.

1. Ecobank 

Ecobank, whose official name is Ecobank Transnational a pan-African banking conglomerate with banking operations in 36 African countries and a staff ratio of almost twenty thousand employees.

Founded in 1985 with a revenue of US$ 2.11 billion (2015),Ecobank is one of the Highest paying Nigerian bank.

Eco bank has branch offices in Angola,China,Dubai,France,South Africa,and the United Kingdom.