For record purposes, while some salary figures on these page might have changed, we did everything possible to be accurate in knowing how much companies in Nigeria pay their entry level workers or fresh graduates.
A lot of graduates and job seekers are inquiring on how much is paid by Nigerian companies on a start level. If you’re probably one seeking to get an idea of how much is the entry-level salaries of some popular Nigerian companies, then this writeup is sincerely for you. We have covered in this article, the current salary for entry-level employees in most Nigerian companies, with the estimated exact figures.
Nigerian companies are very innumerable and with these numbers, they offer lots of oppurtinities to newly-minted graduates. These graduates when employed are put into the Entry-Level Salary scale, which is their starting salary in the company.
A lot of these job seekers of these oppurtunities are looking for the salary pay these companies pay on entry, and in response to their queries, we have write on the entry-level salary of employees in varied list of companies in the country.
There are many companies in Nigeria: from the local, national to the multinationals, they operate in many sector of the economy: in banking, marketing, oil and gas, engineering, construction, entertainment, telecommunications, and manufacturing. There are many number of independent public and private companies which falls under these categories; Oil and gas companies, telecoms and lot of banks, all are well equiped with the working personels. We will aim at examining all these company’s entry-level salary for their new intakes.
Comprehensive List of Entry Level Salaries For Nigerian Companies (2020)
The entry level salaries of Nigerian companies and agencies are shown in the table below according to the various sectors.
Oil and Gas
This sector is the highest-payer in terms of the volume of salary they pay their employees. Here is a rundown of the entry-level salaries of the petroleum industry multinational companies;
|Mobil Oil Nigeria||N500,000|
|Mobil Producing Nigeria||N700,000 – N800,000|
|Shell (SPDC)||N667,000 (permanent), N250,000 to N500,000 (contract)|
|Independents E&P (upstream)||N300,000 – N600,000|
|Multinational oil servicing||N300,000 – N600,000|
|Tier 2/ Indigenous oil servicing||N200,000 – N400,000|
|Tier 1 downstream||N200,000 – N400,000|
|Tier 2 downstream||N150,000 – N200,000|
The Banking sector is another companies category. Below is the entry-level salaries of these banking firms;
|Guaranty Trust Bank||N209,000|
|Diamond Bank||N240,000 (N80,000 for trainees)|
|United Bank for Africa||N142,000|
|First Bank||N150,000 + allowances worth around N150,000+|
|Keystone Bank||N127,000 excluding allowances|
|Fidelity Bank Plc||N180,000|
The manufacturing industries consists of companies in the production line. Here are the entry-level salaries for top companies in this sector;
|Meristem||N100,000+ with profit sharing|
|Guinness Nigeria||N120,000 – N160,000|
|Nigerian Bottling Company||N148,000 – N160,000|
|Cadbury Nigeria Plc||N130,000|
|Nigerian Breweries Plc||N350,000|
This category consists of companies in the Electrical and Electronics sphere. Phone dealers and Electronics firms are the leading companies here. Below is the entry-level salary structure for these companies;
|EEDC Eastern Electric Distribution Company||N350,000|
|PHCN||N79,000 (excluding bulk rent and pay leave allowance)|
Auditing and Consulting
There are also companies in Nigeria which operates on auditing and consulting. Below are these companies and their salary for entry-level employees;
|PWC||N140,000 (non chartered)|
The Telecom industry houses all the network providers and the communication firms. Below is the broad list of companies in this category with their respective entry-level salary;
|MTN Nigeria||N180,000 – N250,000|
|Multichoice||N40,000 – N70,000|
That’s the our list of companies in Nigeria and their corresponding entry-level salary for new employees. However, these figures are current as at when this post was updated, but there may be further changes by any of these companies. We will subsequent to this update you on the current entry-level salary for workers in Nigerian companies.
Please note that few figures here speak to net aggregate with charge derivations, while some are salary without additions. All these figures are for monthly scheduled salary compensation not yearly.
Oil companies pay at any rate N500,000 for new level workers, while a some organizations pay in the rate of N200,000 on a monthly schedule. These companies pay as per international principles in light of the fact that their workers can be sent to anyplace on the globe. This clarifies why they pay the most significant and voluminous salary in the country.
Avionics, that is the aviation industries, pay somewhere in the range of N600,000 and N800,000.
Most bank workers don’t get the opportunity to gain the figures recorded on the grounds that the figures are for proficient staff, while 75% of bank staffs are contract staff who don’t win up to 33% of the figures recorded. However, the exact and genuine pay rates may differ somewhat from this ones, but they will be close in this range.