Business Manager Retail salary in Nigeria

Average Yearly Salary of Business Manager Retail in Nigeria is approximately 2,475,417 NGN (2,954 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 Manager Retail do?

A business manager in retail is responsible for overseeing the daily operations of a retail establishment. They are tasked with ensuring that the store runs smoothly, meeting sales targets, and providing excellent customer service. Their duties include managing staff, developing and implementing strategies to increase sales and profitability, monitoring inventory levels, analyzing market trends, and creating marketing campaigns. They are also responsible for maintaining relationships with suppliers and vendors, negotiating contracts, and ensuring compliance with company policies and procedures. A successful business manager in retail needs strong leadership and communication skills, excellent problem-solving abilities, and a deep understanding of the retail industry. They must be able to multitask, handle pressure, and make quick decisions. Overall, their goal is to maximize the store's performance and maintain its competitive edge.

Skills: Business Manager, Retail, Sales, Customer Service, Inventory Management, Marketing Campaigns
Job industry: Retail

How much does Business Manager Retail make?

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


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Salary comparison to National average

Is Business Manager Retail a well paid job?

No, our data shows that Business Manager Retail is typically not a well-paid job. The salary varies based on experience. Meaning that even though Business Manager Retail might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Business Manager Retail?

High salary for Business Manager Retail would be somewhere between 2,722,959 NGN and 3,589,355 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Business Manager Retail 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: 2,475,417 NGN
Estimated Monthly Salary: 206,285 NGN
Estimated Weekly Salary: 47,604 NGN per week
Estimated Hourly Salary: 1,190 NGN per hour
By working as Business Manager Retail a person can save up to 41 USD per month or 487 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 Manager Retail

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.

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Data as of 2025

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