Business Banking Manager salary in Nigeria

Average Yearly Salary of Business Banking Manager in Nigeria is approximately 9,769,241 NGN (11,682 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Business Banking Manager do?

A business banking manager is responsible for overseeing the financial needs of businesses and providing them with tailored banking solutions. They work closely with business clients to understand their financial goals and objectives, and then develop strategies to help them achieve those goals. Business banking managers are knowledgeable about various financial products and services offered by the bank, such as loans, lines of credit, cash management solutions, and merchant services. They analyze the financial health of businesses, evaluate creditworthiness, and make recommendations for financing options. Additionally, they build and maintain relationships with business clients, ensuring high levels of customer satisfaction and retention. Business banking managers also collaborate with other departments within the bank, such as commercial lending and treasury management, to provide comprehensive financial solutions to businesses.

Skills: Business banking, Financial solutions, Relationship management, Credit analysis, Cash management, Customer satisfaction
Job industry: Banking

How much does Business Banking Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Business Banking Manager a well paid job?

Yes, our data show that Business Banking Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Business Banking Manager?

High salary for Business Banking Manager would be somewhere between 10,746,165 NGN and 14,165,399 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Business Banking Manager in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 9,769,241 NGN
Estimated Monthly Salary: 814,103 NGN
Estimated Weekly Salary: 187,870 NGN per week
Estimated Hourly Salary: 4,697 NGN per hour
By working as Business Banking Manager a person can save up to 768 USD per month or 9,215 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Business Banking Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Nigeria

Data as of 2025

Random salary:
Wastewater treatment plant attendant (2,878,872 NGN per year, pre-tax.)
Cq5 developer (5,836,775 NGN per year, pre-tax.)
Business office manager healthcare (4,141,064 NGN per year, pre-tax.)
Aviation safety inspector (5,993,999 NGN per year, pre-tax.)
Horticulturalist (2,169,129 NGN per year, pre-tax.)

Feedback about these results