The top 10 highest paying companies in Nigeria as of this year 2023 are discussed in this article. Different businesses pay their staff different salaries. Based on the employee’s rank within the company and the job description, each organization has its own own compensation structure. Because employees at the top of a company’s hierarchy are more qualified than those further down the professional ladder, their monthly salary will be significantly more than those of their less-experienced co-workers.
It is generally believed that oil companies offer higher salaries, bonuses, and benefits to their employees because they pay their workers more on a monthly basis than other businesses in other spheres of the country’s economy. Over the years, Nigerians have debated this issue, and we will undoubtedly address it as we proceed in the course of this article, and without further ado, let us proceed.
TOP 10 HIGHEST PAYING COMPANIES IN NIGERIA 2023
The following are the 10 highest and best paying companies in Nigeria this 2023:
Chevron is a major player in the oil and gas industry. Chevron Nigeria, in addition to oil exploration, also manufactures and sells petroleum products. Without a doubt, they are one of the highest paying companies in Nigeria today. Chevron is a well-known company in Nigeria, and it provides its employees with numerous benefits such as a large pay packet, name recognition, and attractive work benefits at the end of the month. Chevron employees earn between ₦2 million – ₦25 million per year, depending on their level, experience, and job description.
Another oil firm in Nigeria that focuses on selling petroleum and petrochemical goods is Total Energies. Total is a well-known corporation in the globe and provides a wealth of benefits to its employees, including a sizeable pay packet, name recognition, and attractive work benefits at the end of the month. Mid-level employees at Total might get up to ₦1.2 million or more per annum.
Nestlé is one of the world’s largest fast moving consumer goods companies. Nestlé Nigeria takes good care of its employees, providing them with numerous benefits such as health insurance, vacation trips, work benefits, and so on. Nestlé also ranks as one of the highest paying companies in Nigeria and the company pays its entry-level employees between ₦1 million – ₦2 million per year. Managers at Nestlé Nigeria can earn up to ₦6.5 million per year, while production supervisors can earn up to ₦5 million per year.
SHELL PETROLEUM DEVELOPMENT COMPANY (SPDC)
The Shell Petroleum Development Company (SPDC), generally known as Shell, is without a doubt one of the top companies in the oil and gas sector in Nigeria today. Entry-level employees at Shell Petroleum Development Company make between ₦1.6 million – ₦6 million a year, making Shell one of the highest paying companies in Nigeria today.
ExxonMobil Nigeria is into crude oil and natural gas exploration. The company ranks among the highest paying companies in the country currently as well as one of the highest paying oil companies in Nigeria, and they are into the manufacture of petroleum and petrochemical products. ExxonMobil is known to have one of the best filling stations in Nigeria today.
THE NIGERIAN CIVIL SERVICE
The Nigerian civil service is akin to the government’s “engine room”. No government can truly function without the effective contributions of the civil service. As a result, it is necessary to generously reward the job that civil officials accomplish for the government. The Nigerian civil service, through the Federal Civil Service Commission (FCSC), pays its directors over ₦400,000 per month, or up to about ₦5 million per year.
MTN is Nigeria’s most widely used communications network as well as the best internet service provider in Nigeria. MTN Nigeria is a subsidiary of the MTN group which is a South African telecommunications company headquartered in Johannesburg. MTN being one of the highest paying companies in Nigeria adequately compensates its employees, offering monthly salaries of up to ₦1 million depending on their job positions and years of experience.
KPMG is a network of professional companies that spans the globe. It is also one of the best accounting and auditing companies in Nigeria today as well as one of the highest paying companies in the country. Tax, audit, and advisory services are provided by KPMG. In this dynamic and ever changing world, it also aids businesses and organizations in balancing risk and performance. KPMG provides a wide range of benefits to its employees, including a sizable monthly salary and attractive work benefits. Depending on the role and level of experience, KPMG pays its workers up to ₦1 million every month.
CENTRAL BANK OF NIGERIA (CBN)
The primary regulating body for Nigeria’s banking and money market is the Central Bank of Nigeria (CBN) and it also ranks as one of the highest paying companies in Nigeria today. Its headquarters is in Abuja, and its goal is to be one of the world’s most effective and efficient centres for fostering and maintaining economic growth. Depending on the role and years of expertise, they have a salary scale that pays up to ₦900,000 every month.
PROCTER & GAMBLE (P&G)
One of the biggest FMCG companies in the world, Procter and Gamble, is behind big brands like Pampers, a leading baby diaper brand in Nigeria; Ariel, one of the best detergent brands in the country; Always, a top sanitary pad brand in the country; Gillette, and Oral B, one of the major toothpaste brands in Nigeria. P&G ranks as one of the highest and best paying companies in Nigeria currently and they make up the last but not the least in our list.