Business Banking Officer salary in Nigeria

Average Yearly Salary of Business Banking Officer in Nigeria is approximately 5,623,290 NGN (6,705 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 Officer do?

A business banking officer is responsible for managing the financial needs of corporate clients within a bank. They work closely with business owners, entrepreneurs, and executives to understand their financial goals and provide tailored financial solutions. Their main duties include analyzing financial statements, assessing creditworthiness, developing loan proposals, and overseeing the loan approval process. Business banking officers also maintain relationships with existing clients, actively seek new business opportunities, and cross-sell various banking products and services.

Skills: business banking, financial analysis, credit assessment, loan proposal development, relationship management, cross-selling.
Job industry: Banking

How much does Business Banking Officer make?

Difference in salary year over year or average salary increase is approximately 3 %


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

Salary comparison to National average

Is Business Banking Officer a well paid job?

Yes, our data shows that Business Banking Officer is a 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 Officer?

High salary for Business Banking Officer would be somewhere between 6,185,619 NGN and 8,153,771 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Business Banking Officer 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: 5,623,290 NGN
Estimated Monthly Salary: 468,608 NGN
Estimated Weekly Salary: 108,140 NGN per week
Estimated Hourly Salary: 2,704 NGN per hour
By working as Business Banking Officer a person can save up to 353 USD per month or 4,238 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 Officer

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:
Denture finisher (3,231,976 NGN per year, pre-tax.)
Equipment manager (5,433,164 NGN per year, pre-tax.)
Emergency medical services (ems), supervisor (3,091,528 NGN per year, pre-tax.)
Special assets manager (5,954,938 NGN per year, pre-tax.)
Executive chef (3,903,116 NGN per year, pre-tax.)

Feedback about these results