See What Nigerian Banks Pay Their Workers -

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.
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