Sectors, companies and salary structures in Nigeria

A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee’s level, rank or status within the employer’s organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.

While this report might not be absolute, it does not necessarily include contract our outsourced staff with these organizations.

Below is a list of companies/organizations and their salary structures in Nigeria:

 

Nigerian Oil and gas Companies Salary Structure.

Shell (SPDC) Salary Structure N 667,000 (permanent), N 250,000 to N 500,000 (contract
Exxon Mobil Salary Structure N 1 million
Total Oil Salary Structure N 1 million
Mobil Oil Nigeria Salary Structure N 500,000
Mobil Producing Nigeria Salary Structure N 700,000 – N 800,000
Schlumberger Salary Structure N 500,000
Chevron Salary Structure N 750,000+
Halliburton Salary Structure N 375,000
IOCs E&P (upstream) Salary Structure N 600,000 to N 1 Million
Independents E&P (upstream) Salary Structure N 300,000 – N 600,000
Multinational oil servicing Salary Structure N 300,000 – N 600,000
Tier 2/ Indigenous oil servicing Salary Structure N 200,000 – N 400,000
Tier 1 downstream Salary Structure N 200,000 – N 400,000
Tier 2 downstream Salary Structure N 150,000 – N 200,000
NNPC Salary Structure N 190,000
DPR Salary Structure N 190,000
PPPRA Salary Structure N 190,000
NestOil Plc Salary Structure N 150,000+

Nigerian Banks Salary Structure.

Union Bank Salary Structure N 180,000/N 258,000
Guaranty Trust Bank Salary Structure N 209,000
Keystone Bank Salary Structure N 127,000 (excluding allowances)
Fidelity Bank Plc Salary Structure N 180,000
Skye Bank Salary Structure N 104,000
FBN Capital Salary Structure N 400,000+
Diamond Bank Salary Structure N 240,000 (N 80,000 for trainees)
United Bank for Africa Salary Structure N 142,000
First Bank Salary Structure N 150,000 + allowances reportedly worth around N 150,000+
Access Bank Salary Structure N 237,000
Enterprise Bank Salary Structure N 249,000

Manufacturing Companies in Nigeria Salary Structure

PZ Cussons Salary Structure N 145,000 (RDM i.e. sales)
Nigerian Bottling Company Salary Structure N 148,000 – N 160,000
Cadbury Nigeria Plc Salary Structure N 130,000
Frigoglass Salary Structure N 50,000
Nigerian Breweries Plc Salary Structure N 350,000
Lafarge Salary Structure N 90,000 excluding allowances
Meristem Salary Structure N 100,000+ with profit sharing
Guinness Nigeria Salary Structure N 120,000 – N 160,000
Dangote Sugar Salary Structure N 150,000
Dangote Cement Salary Structure N 140,000

Telecommunication/Power/Energy Companies in Nigeria Salary Structure

General Electric (GE) Salary Structure N 300,000+
Huawei Technologies Salary Structure N 200,000
MTN Nigeria Salary Structure N 180,000 – N 250,000
Globacom Salary Structure N 120,000
Airtel Nigeria Salary Structure N 100,000+
Tecno Mobile Salary Structure N 120,000
Ericsson Salary Structure N 88,000
EEDC Eastern Electric Distribution Company Salary Structure N 350,000
PHCN Salary Structure N 79,000 (excluding bulk rent and pay leave allowance

Auditing and Consulting Companies in Nigeria Salary Structure.

KPMG Salary Structure N 171,000 b.t. (non-chartered ET)/ N 145,000 (non-chartered ETOP)
PWC Salary Structure N 140,000 (non chartered)
Deloitte Salary Structure N 150,000 a.t.

Others…

P&G Salary Structure N 200,00+
INEC Salary Structure N 77,000 (including allowances)
PAL Salary Structure N 77,000
Multichoice Salary Structure N 40,000 – N 70,000

Points to Note:

  • Listed figures are for professionals, permanent staff, not contract staff or ETOPs (except otherwise stated).
  • Some figures represent net total with tax deductions, while some represent salary without tax deductions.
  • All values are for monthly pay (not annual).
  • Oil exploration companies pay at least N500,000 for entry level employees, while servicing companies pay at least N200,000.
  • Multinational oil companies pay according to global standards because their employees can be deployed to anywhere in the world. This explains why they pay the highest salaries.
  • Most bank employees don’t get to earn the figures listed because the figures are for professional staff, whereas 75% of bank staffs are contract staff who don’t earn up to one-third of the figures listed. So, don’t be surprised to know that most “bankers” don’t earn as much as the listed figures.
  • Aviation companies pay between N600,000 and N800,000.
  • Actual salaries may vary slightly depending on qualification and unit.
  • Most companies offering seemingly low salaries bolster their pay with juicy allowances.

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