The top 10 highest paying banks in Nigeria as of this year 2023 are what we shall be discussing about in this article. We will examine the Nigerian banks that offer the highest salary to their staff so that you can get a sense of the monthly compensation package offered by any of these top financial organizations in the nation if you have any interest in working there.
Even if you have no desire to work for any bank in Nigeria, you may have pondered which one offers the best compensation to their workers. Human nature dictates that we are naturally curious and inquisitive. You need not worry, however, as Nigerian Guide has provided you with a detailed list of the top 10 highest paying banks in the country today, which we shall discuss below.
TOP 10 HIGHEST PAYING BANKS IN NIGERIA 2023
The following are the 10 highest and best paying banks in Nigeria this 2023:
ACCESS BANK PLC
Access bank is the highest paying bank in Nigeria today and it also ranks among the best places to work in the Nigerian banking industry in terms of total assets. The bank makes sure that every employee receives fair compensation. According to numerous sources, Access Bank pays its entry-level employees monthly salaries between the pay range of ₦237,000 – ₦270,000. This is far higher than the pay given to staff at other banks.
GUARANTY TRUST BANK (GTCO)
Guaranty Trust Bank (GTCO), was established in 1990. They currently have branches in all of Nigeria’s 36 States, Côte d’Ivoire, Kenya, Liberia, Gambia, Ghana, Nigeria, Rwanda, Sierra Leone, Uganda, and the UK. The bank appears to be the most well-liked financial institution in the nation, particularly among the younger generation.
The bank has won numerous accolades for its excellent financial operations both within and outside of Nigeria. One of the few Nigerian banks having branches all throughout the continent is GTCO. Since its founding, the bank has changed how banking is conducted throughout the nation. Reliable sources claim that GTBank’s entry-level salaries begin at ₦209.000.
UNION BANK OF NIGERIA
Union Bank is one of the oldest banks in the country and it was established in 1917. All around the nation, the bank maintains offices and sources of contact. Even though the bank has been in Nigeria since before the nation’s independence, it is still dedicated to giving its clients top-notch banking services. According to many sources, Union Bank is one of the most lucrative banks in Nigeria. The starting salary for a Union bank employee is approximately ₦180,000 per month.
FIRST BANK OF NIGERIA LIMITED
First Bank of Nigeria Limited is without a doubt, one of the best paying banks in Nigeria today. An international commercial bank and financial services company with its main office in Lagos, Nigeria. The bank serves Nigeria’s largest client base and specializes in retail banking. In every way, First Bank continues to show why it is among the best national providers of financial services.
FBN Limited is the place to go if you want to work as a banker for a business that appreciates your efforts and pays well. The bank has consistently set the bar for others to reach. First Bank plc pays its entry-level employees a monthly salary between the pay range of ₦176,000 – ₦200,000, so if you work there, you may anticipate earning between those amounts.
UNITED BANK FOR AFRICA (UBA)
The United Bank for Africa (UBA) was established in 1949. The bank has locations in 20 African nations as well as in New York, London, and Paris. Currently, it ranks among the oldest banks in Nigeria. UBA is a viable alternative for young graduates hoping to get employment in the banking industry. You are entitled to a number of discounts and rewards each month as a bank employee. UBA pays its entry-level workers between the pay range of ₦142,000 – ₦160,000 per month.
ECOBANK NIGERIA LIMITED
A well-known pan-African financial institution, Ecobank has branches throughout West, Central, and East Africa. The bank, which started operations in 1985, now has over 10,000 employees, 1,000 offices, and operates in 34 countries. When considering Nigeria’s top banks, it is necessary to mention this well-known Pan-African financial institution. The starting salary for Ecobank employees is about ₦141,000. In addition, a number of monthly incentives and bonuses might substantially raise this amount.
STERLING BANK PLC
One of the most well-known banks in Nigeria is Sterling Bank. Sterling as a full-service national banking company authorized by the Central Bank of Nigeria (CBN). The bank operates offices throughout all 36 States of Nigeria. This bank compensates its entry-level staff between ₦140,000 – ₦150,000 as salary per month and sizable number of monthly allowances.
FIDELITY BANK PLC
The wage structure at Fidelity Bank is also one of the highest in Nigeria today. After being established in 1988, the bank’s assets were valued much more than $6 billion in 2013. In 2017, the KPMG Banking Industry Customer Satisfaction Survey (BICSS) named the bank as Nigeria’s fourth-best bank in the general merchandise market.
Fidelity Bank has a solid reputation for paying its staff fairly. The bank is still one of the most lucrative businesses to work for in the banking industry even if it is no longer among the top five wealthiest in the nation. In addition to their regular monthly income, Fidelity Bank offers a number of benefits to its workers. The starting salary at Fidelity Bank is about ₦140,000.
ZENITH BANK PLC
Among the banks now paying the highest salaries in Nigeria is Zenith Bank Plc. The bank was founded in May 1990 by Jim Ovia, and as of right now, it operates in Ghana, Nigeria, Sierra Leone, South Africa, and the UK. The bank has grown to compete with other reputable financial institutions. One of the wealthiest banking companies in Nigeria today is Zenith Bank Plc. Apart from being a leader on the continent, The bank is also widely recognized globally. Entry-level workers at Zenith Bank earn between ₦108,000 – ₦130,000 per month. Numerous bonuses and concessions are used to encourage this.
FIRST CITY MONUMENT BANK (FCMB)
First City Monument Bank (FCMB) is one of the best financial institutions in the country today that pays one of the highest salaries as well. Numerous financial services are offered by FCMB, including online banking, USSD financing, a mobile app, and numerous other cutting-edge services. According to reliable sources, FCMB pays its entry-level employees a salary between the pay range of ₦105,000 – ₦115,000 a month.