Bank Manager Salary in Nigeria (The Big Truth!)

Are you curious to know bank managers' salaries in Nigeria? Well, if you are, your search for bank managers’ salaries in Nigeria is almost over. You are just a few words away from clearing your uncertainty about bank managers’ salaries in Nigeria.

This article is purposed to reveal to you Nigerian bank managers' salary. All you need to do is read. How hard can that be?

Before, I unravel to you how much bank managers make in Nigeria, it is important you know a thing or two about the position of a bank manager.

Who is a Bank Manager?

Every company or organization needs a head right? Yes, that’s very correct. The church has the pastor leading it, the school has the director or principal and the banks have bank managers.

Bank managers are therefore leaders of a particular branch of a bank. They oversee the entire operations of a bank branch to the ultimate end that it survives.

To better understand the position of a bank manager, it is relevant to read through the duties of a bank manager which is listed below.

Duties or tasks of a Bank Manager

Bank managers would normally perform the following important duties;

·        Oversee and evaluate the entire bank operations

·        Ensure the smooth running of the bank

·        Ensure that the bank branch is meeting up with the expected goals

·        Plan or design goals to be reached by the bank branch

·        Promoting and expanding the bank

·        Ensuring high-quality baking service

·        Monitoring sales target

·        Reporting to the head office.

Bank Manager Salary in Nigeria

Normally, bankers in Nigeria are well paid. Bank mangers hold the highest position in every bank branch and are therefore awarded with the highest salary.

We would provide you with a glance of the bank manager salary in Nigeria using some of the most reputable banks in Nigeria.

1.     FCMB (First City Monument Bank):

The acronym ‘FCMB’ stands for First City Monument Bank. It was initiated in the year, 1982 by Oloye Subomi Balogun.

FCMB has an impressive total asset worth over N1.7 trillion (2019).

Bank managers salaries at FCMB bank is above N600, 000 per month

2.     Zenith Bank:

Zenith bank is one of the most reputable banks in Nigeria which was incorporated in 1990.

Zenith bank has an impressive total asset worth over N5.7 trillion (2019)

Bank managers’ salaries at Zenith bank is above N900, 000

3.     Guaranty Trust Bank:

Guaranty Trust Bank also commonly called GTBank is one of the most trusted banks in Nigeria. It is was founded in the year, 1990.

GTBank has an impressive total asset worth over N3.43 trillion (2018)

Bank managers’ salaries at GTBank is above N900, 000

4.     First Bank of Nigeria:

First Bank of Nigeria, as the name implies, it is the first bank to be initiated in Nigeria. It was founded in the year 1894. This means that it has a very long history in Nigeria.

First Bank of Nigeria has an impressive total asset worth over N5.4 trillion (2017)

Bank managers’ salaries at First Bank of Nigeria is above N900, 000

 5.     Ecobank:

 Ecobank Nigeria is a subsidiary of the pan-African banking group, Ecobank Transnational Inc. It was incorporated in the year, 1986.

Ecobank Nigeria has an impressive total asset worth over N6.26 trillion (2017)

Bank managers’ salaries at Ecobank is above N800, 000

6.     Access Bank:

Access bank is one of my favorite banks. It was granted a commercial banking license by the Central Bank of Nigeria in the year, 1988. It became a privately owned commercial bank in the year, 1989.

Access bank has an impressive total asset worth over N3.48 trillion (2016)

Bank managers’ salaries at Access bank is above N800, 000

7.     United Bank for Africa: 

The United Bank of African also commonly called UBA was founded in 1949. It is therefore one of the oldest banks in Nigeria.

UBA has an impressive total asset worth over N3.69 trillion (2017)

Bank managers’ salaries at UBA of Nigeria is above N700, 000

8.     Union Bank of Nigeria:

This bank was established in 1917 as a colonial bank. It has an impressive number of customers.

Union Bank of Nigeria has an impressive total asset worth over N1.33 trillion (2017)

Bank managers’ salaries at Union Bank of Nigeria is above N500, 000

9.     Fidelity Bank:

This is the last bank on this list but certainly not the least.  Fidelity Bank is one of the oldest and trusted banks in Nigeria. It was incorporated in the year, 1987 but began its banking operations in 1988 as a merchant bank.

Fidelity Bank has an impressive total asset worth over N1.3 trillion (2016)

Bank managers’ salaries at fidelity bank are above N500, 000

Note: The salaries provided above are only estimates and are only for a guide. They can therefore be subject to change

Read also: 

• Bankers Salary in Nigeria