This article is about the entry level salaries of many Nigerian companies and agencies currently in this year 2023. Are you looking at the prospect of joining any of the leading, popular companies in Nigeria today and are not sure what the monthly pay package for their fresh graduates/intakes are? Not to worry as you are at the right place and Nigerian Guide will furnish you with the information you are looking for, as we will give you a comprehensive list of some of the top companies in Nigeria and their entry level salaries. Please continue reading to find out more. Also check out our article on the full list of all salary structures in Nigeria for your perusal.
As we proceed, we will touch on different sectors in the country and what their fresh graduates earn but we urge you to kindly note that the salaries of entry level workers of most of these top companies in Nigeria are subject to change, so we shall be making regular updates to this post to reflect that change once we have new information. Also, some of the figures listed in this article are estimated earnings and they will help guide you on what to expect should you land your dream job; kindly bear that at the back of your mind as well. Without further ado, let us proceed.
ENTRY LEVEL SALARIES OF NIGERIAN COMPANIES AND AGENCIES 2023
The following are the estimated entry level salaries of most companies and agencies in Nigeria this 2023:
BANKING SECTOR ENTRY LEVEL SALARIES
- Union Bank ₦180,000 – ₦258,000
- Guaranty Trust Bank (GTCO) – ₦209,000
- United Bank for Africa (UBA) – ₦142,000
- First Bank of Nigeria Limited – ₦150,000
- Access Bank – ₦237,000
- Enterprise Bank – ₦249,000
- Keystone Bank – ₦127,000
- Fidelity Bank Plc – ₦180,000
- Polaris Bank – ₦104,000
- FBN Capital – ₦400,000.
OIL AND GAS SECTOR ENTRY LEVEL SALARIES
- Shell (SPDC) – ₦667,000 (Permanent Staff)/₦250,000 – ₦500,000 (Contract Staff)
- ExxonMobil – ₦1 million
- Total Oil – ₦1 million
- Mobil Oil Nigeria – ₦500,000
- Mobil Producing Nigeria – ₦700,000 – ₦800,000
- Schlumberger – ₦500,000
- Chevron – ₦750,000
- Halliburton – ₦375,000
- IOCs E&P (Upstream) – ₦600,000 – ₦1 million
- Independents E&P (Upstream) – ₦300,000 – ₦600,000
- Multinational Oil Servicing – ₦300,000 – ₦600,000
- Tier 2/Indigenous Oil Servicing – ₦200,000 – ₦400,000
- Tier 1 Downstream – ₦200,000 – ₦400,000
- Tier 2 Downstream – ₦150,000 – ₦200,000
- NNPC – ₦190,000
- NUPRC – ₦190,000
- PPPRA – ₦190,000
- NestOil Plc – ₦170,000.
MANUFACTURING SECTOR ENTRY LEVEL SALARIES
- PZ Cussons – ₦145,000 (RDM i.e. Sales)
- Meristem – ₦100,000+ with profit sharing
- Guinness Nigeria – ₦120,000 – ₦160,000
- Dangote Sugar – ₦150,000
- Dangote Cement – ₦140,000
- Nigerian Bottling Company (NBC) – ₦148,000 – ₦160,000
- Cadbury Nigeria Plc – ₦130,000
- Frigoglass – ₦90,000
- Nigerian Breweries Plc – ₦350,000
- Lafarge – ₦90,000 Not including allowances.
ELECTRICAL/ELECTRONICS SECTOR ENTRY LEVEL SALARIES
- General Electric – ₦300,000 and above
- Huawei Technologies – ₦200,000
- Tecno Mobile – ₦120,000
- Ericsson – ₦88,000
- Enugu Electric Distribution Company (EEDC) – ₦350,000.
AUDITING AND ACCOUNTING/CONSULTING SECTOR ENTRY LEVEL SALARIES
- KPMG – ₦171,000 before tax (non-chartered ET)/ ₦145,000 (non-chartered ETOP)
- PwC – ₦140,000 (non-chartered)
- Deloitte – ₦150,000 after tax.
TELECOMMUNICATIONS SECTOR ENTRY LEVEL SALARIES
MTN Nigeria – ₦180,000 – ₦250,000
Globacom – ₦120,000
Airtel Nigeria – ₦150,000
OTHER ENTRY LEVEL SALARIES IN NIGERIA
- Procter & Gamble (P&G) – ₦200,000 and above
- INEC – ₦77,000 (including allowances)
- PAL Pensions – ₦77,000
- Multichoice – ₦50,000 – ₦90,000
- Aviation Companies – ₦600,000 – ₦800,000.
Please be informed that the above listed estimated entry level salaries for Nigerian companies and agencies currently in this year 2023 are for professional and permanent staff, and not for contract staff or ETOPs, except of course, they have been stated; and some of the salaries are given before and after tax deductions. The entry level salaries are stated for monthly pay and it does not capture the annual renumeration of the category of workers featured in this article. From the above listed salaries, you will notice that oil companies pay a starting salary of at least ₦500,000 while servicing companies pay at least ₦200,000 per month to their new intakes at entry level.
Most multinational oil companies pay their workers according to global standards due to the fact that their employees can be transfered anywhere in the world, at any given point in time and this is why they pay the highest salaries. Bank workers do not earn as much as oil workers but their staff are still being well compensated. The figures captured for bank workers reflect the estimated earnings of their professional staff, and not their contract staff who do not make as much money as their permanent counterparts. Contract staff at banks earn way lesser than their fully staffed colleagues. Many companies paying low entry level salaries to their fresh graduates make up for this by adding really attractive allowances and bonuses to their pay package.