Cash Management Specialist salary in Nigeria

Average Yearly Salary of Cash Management Specialist in Nigeria is approximately 3,209,354 NGN (3,828 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 Cash Management Specialist do?

A cash management specialist is responsible for overseeing the financial transactions and cash flow of an organization. They analyze and forecast cash needs, monitor cash balances, and ensure that funds are allocated efficiently. These specialists develop strategies to optimize cash flow, minimize risks, and maximize returns on investments. They may also negotiate with banks and financial institutions to secure favorable terms for cash management services. The role requires strong analytical skills, attention to detail, and proficiency in financial management software. Cash management specialists should have a deep understanding of banking systems, financial markets, and regulatory requirements. They must be able to identify potential risks and implement appropriate controls to safeguard the organization's cash assets. Effective communication and interpersonal skills are essential when collaborating with internal stakeholders and external partners.

Skills: Cash management, Financial analysis, Risk management, Cash flow forecasting, Banking relationships, Financial software.
Job industry: Finance

How much does Cash Management Specialist 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 Cash Management Specialist a well paid job?

No / we do not have enough data to assess this.

What is considered a high salary for Cash Management Specialist?

High salary for Cash Management Specialist would be somewhere between 3,530,289 NGN and 4,653,563 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Cash Management Specialist 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: 3,209,354 NGN
Estimated Monthly Salary: 267,446 NGN
Estimated Weekly Salary: 61,718 NGN per week
Estimated Hourly Salary: 1,543 NGN per hour
By working as Cash Management Specialist a person can save up to 113 USD per month or 1,361 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 Cash Management Specialist

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:
Water quality coordinator (4,141,064 NGN per year, pre-tax.)
Vice president (vp), creative director (8,990,659 NGN per year, pre-tax.)
Senior vice president (svp), strategy (15,262,933 NGN per year, pre-tax.)
Assistant director of financial aid (4,404,462 NGN per year, pre-tax.)
Staff writer (2,822,420 NGN per year, pre-tax.)

Feedback about these results