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The Chief Financial Officer (CFO) is a senior executive responsible for managing the financial operations of a company. Their primary role is to oversee the organization's financial planning, budgeting, and reporting. The CFO plays a critical role in strategic decision-making by providing financial analysis and guidance to the CEO and board of directors. They are also responsible for managing the company's investments, ensuring compliance with financial regulations, and assessing and mitigating financial risks. Additionally, the CFO is often involved in mergers and acquisitions, fundraising activities, and investor relations.
Estimated Yearly Salary: 12,821,335 NGN
Estimated Monthly Salary: 1,068,445 NGN
Estimated Weekly Salary: 246,564 NGN per week
Estimated Hourly Salary: 6,164 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,030,440 NGN
Estimated Weekly Salary: 237,794 NGN per week
Estimated Hourly Salary: 5,945 NGN per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 15,254 USD
Estimated Monthly Salary: 1,271 USD
Estimated Weekly Salary: 293 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 12,821,335 NGN
Estimated Monthly Salary: 1,068,445 NGN
Estimated Weekly Salary: 246,564 NGN per week
Estimated Hourly Salary: 6,164 NGN per hour
By working as Cfo a person can save up to 1,066 USD per month or 12,787 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.
Estimated Yearly Salary for Cfo
Last revision of data: 2025-01-04
Data as of 2025
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Cfo salary in Nigeria
Average Yearly Salary of Cfo in Nigeria is approximately 12,821,335 NGN (15,254 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 Cfo do?
The Chief Financial Officer (CFO) is a senior executive responsible for managing the financial operations of a company. Their primary role is to oversee the organization's financial planning, budgeting, and reporting. The CFO plays a critical role in strategic decision-making by providing financial analysis and guidance to the CEO and board of directors. They are also responsible for managing the company's investments, ensuring compliance with financial regulations, and assessing and mitigating financial risks. Additionally, the CFO is often involved in mergers and acquisitions, fundraising activities, and investor relations.Skills: Finance, Financial Planning, Budgeting, Financial Reporting, Strategic Decision-making, Risk Management
Job industry: Finance
Job industry: Finance
How much does Cfo make?
Salary details
How much does Cfo make?Estimated Yearly Salary: 12,821,335 NGN
Estimated Monthly Salary: 1,068,445 NGN
Estimated Weekly Salary: 246,564 NGN per week
Estimated Hourly Salary: 6,164 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 12,365,276 NGNEstimated Monthly Salary: 1,030,440 NGN
Estimated Weekly Salary: 237,794 NGN per week
Estimated Hourly Salary: 5,945 NGN per hour
Last revision of data: 2024-01-09Cfo estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 15,254 USD
Estimated Monthly Salary: 1,271 USD
Estimated Weekly Salary: 293 USD per week
Estimated Hourly Salary: 7 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Cfo job salary compared to average salary in Nigeria.
Comparison shows that a person working as Cfo in Nigeria earns on average:
3.25 times the average salary (or 325% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Cfo job salary compared to average salary in Nigeria.
Comparison shows that a person working as Cfo in Nigeria earns on average:
3.25 times the average salary (or 325% of average salary).
Is Cfo a well paid job?
Yes, our data show that Cfo 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 Cfo?
High salary for Cfo would be somewhere between 14,103,469 NGN and 18,590,936 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Cfo 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: 12,821,335 NGN
Estimated Monthly Salary: 1,068,445 NGN
Estimated Weekly Salary: 246,564 NGN per week
Estimated Hourly Salary: 6,164 NGN per hour
By working as Cfo a person can save up to 1,066 USD per month or 12,787 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 Cfo
Cameroon is 4,962 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Nigeria
(44,763,887 NGN per year, pre-tax.)
2. Cardiologist
(37,279,896 NGN per year, pre-tax.)
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4. Neurosurgeon
(35,033,176 NGN per year, pre-tax.)
(35,006,913 NGN per year, pre-tax.)
(34,175,491 NGN per year, pre-tax.)
7. Oncologist
(34,169,925 NGN per year, pre-tax.)
(34,162,253 NGN per year, pre-tax.)
(34,132,586 NGN per year, pre-tax.)
10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Senior engineering technician (5,105,452 NGN per year, pre-tax.)
Organ recovery coordinator (4,042,102 NGN per year, pre-tax.)
Franchise owner (4,918,188 NGN per year, pre-tax.)
Broker futures options (4,774,317 NGN per year, pre-tax.)
Sap basis administrator (6,389,224 NGN per year, pre-tax.)
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Please note:Salary data displayed on this site is for reference exclusively.
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