The banking sector in Nigeria is one of highest paying sector as far as salaries are concerned. What banks pay their workers however differs from bank to bank. This is partly due to the fact that there are no particular regulations that stipulate what private organisations should pay their workers. Also, the financial strength, customer base and performance of the bank are other factors responsible for how much a bank pays. Here is what some banks pay their staff in Nigeria. 1. Zenith Bank Zenith bank which is regarded as one of the most stable and reliable banks in Nigeria as of today pays its entry level staff about N110,000 (One hundred and ten thousand) monthly, which comes to about N1,320,000 (One million, three hundred and twenty thousand Naira) per annum. This is reasonably good enough for young graduates who know what they are doing. Suffice to say that this payment subsists only for the probation period of about a year, after which the salary increases.
2. First Bank As the name implies, First Bank is seen by many as the strongest bank in Nigeria and the bank has many achievements to prove this point. First Bank’s pay for its entry level staff goes between N90,000 to N110,000 monthly depending on department or unit. And this increases with confirmation and as you grow in rank within the system. Though FBN is the oldest bank in Nigeria, many people still prefer to work there because they believe that the chances of job security here are higher than some new generation banks.
3. GTBank GTB stands as the bank of the masses, yet maintaining a very positive and professional outlook. GTB pays her staff at entry level the sum of N209,000 per month after confirmation, which makes it one of the highest paying banks in Nigeria.
4. Skye Bank Skye Bank is also one of the oldest banking institutions in Nigeria, considering their antecedents. Skye Bank uses age 24 as the benchmark for entry level employees and pays N2.7 million per annum after confirmation.
5. Fidelity Bank Fidelity is one of the new generation banks, but has done quite well within a short period of its existence. The bank started as a Mortgage bank in 1988 and converted to a commercial bank in 1990. On the salary scale, it is doing pretty well too for its staff. Fidelity pays about N140,000 monthly at entry level, an amount many young graduates will agree is good enough to start planning life with in Nigeria.
6. Central Bank of Nigeria It is also good to know what the apex bank pay its staff. CBN does one month training for its new intakes and pays N122,000 per month afterwards. This is aside the many mouth-watering allowances. Many industry watchers say CBN is the master when it comes to allowances. So what is lacking in actual salary is made up for in allowances.
Do you work in a bank or have relations working there? You can add a comment to give us an idea how much the bank pays.
I scour the world wide web to bring you interesting stories from around the globe. bayonel3@gmailcom
Posted: at 29-07-2015 02:18 PM (8 years ago) | Addicted Hero
patoskill at 29-07-2015 09:12 PM (8 years ago) (m)
we need to pay our police like they the bankers, cos their work is to protect lives and properties..... hungry man nor fit protect u. however, we need to gradually replace 70percent of the present police in naija and employ the educated people to replace them so that we can add more values to d live of the citizens. HOW MUCH THE TEACHERS DEY COLLECT?
Posted: at 29-07-2015 09:12 PM (8 years ago) | Upcoming
All this na wash, all of these banks mention above 90percent of their workers are ND holders and those on IT cus they(the banks) are paying them peanut
Posted: at 29-07-2015 09:36 PM (8 years ago) | Hero
after all this amount of money they receive montly most of the workers are still not satisfied,at the end they still end up doing illegal runs e.g giving informations to arm robbers,witdrwing money from dead peole,s account e.t.c
Posted: at 29-07-2015 11:33 PM (8 years ago) | Addicted Hero
nametalkam at 29-07-2015 11:41 PM (8 years ago) (m)
Thats cool, its CBN all the way then
I specialize in investigative reportage across several subject matter and sectors but mainly focus on metro events and investigation. Do leave your thoughts and opinion on my reports to let me know what you think about them. Thank you
Posted: at 29-07-2015 11:41 PM (8 years ago) | Addicted Hero
All this na wash, all of these banks mention above 90percent of their workers are ND holders and those on IT cus they(the banks) are paying them peanut
i second u
Posted: at 30-07-2015 05:37 AM (8 years ago) | Upcoming
kellyosas at 30-07-2015 07:37 AM (8 years ago) (m)
Please are you making the post because you actually knows this as a fact or you are just exaggerating?? Do you research properly and you'll find out that all of your post are fallacy........#WhichBank dey pay entry these much??
Posted: at 30-07-2015 07:37 AM (8 years ago) | Newbie
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