Commercial Banker salary in Nigeria

Average Yearly Salary of Commercial Banker in Nigeria is approximately 7,488,581 NGN (8,985 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 Commercial Banker do?

A commercial banker is a professional who works in the banking industry, specifically focusing on providing financial services to businesses and corporations. Their primary role is to assist businesses in managing their financial needs, such as loans, credit lines, cash management, and investment options. Commercial bankers evaluate the creditworthiness of businesses, analyze financial statements, and develop customized financial solutions to meet their clients' requirements. They also build and maintain relationships with clients, ensuring excellent customer service and offering advice on financial strategies and products. Commercial bankers collaborate with various departments within the bank to ensure seamless operations and deliver comprehensive financial solutions to businesses. This occupation requires strong analytical skills, financial knowledge, and excellent communication and interpersonal abilities.

Skills: Commercial Banker, Financial Services, Business Loans, Credit Analysis, Cash Management, Relationship Management
Job industry: Finance

How much does Commercial Banker make?

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


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Salary comparison to National average

Is Commercial Banker a well paid job?

Yes, our data shows that Commercial Banker 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 Commercial Banker?

High salary for Commercial Banker would be somewhere between 8,237,439 NGN and 10,858,442 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Commercial Banker 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: 7,488,581 NGN
Estimated Monthly Salary: 624,048 NGN
Estimated Weekly Salary: 144,011 NGN per week
Estimated Hourly Salary: 3,600 NGN per hour
By working as Commercial Banker a person can save up to 543 USD per month or 6,518 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 Commercial Banker

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

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