Home > Salary > Nigeria > Commercial Credit Analyst
A commercial credit analyst is responsible for evaluating the creditworthiness of businesses and individuals applying for loans or lines of credit. They analyze financial statements, credit reports, and other relevant data to assess the risk associated with lending money to a particular borrower. The commercial credit analyst also reviews industry trends, economic conditions, and market factors to make informed decisions about loan approvals and interest rates. They collaborate with loan officers and underwriters to ensure compliance with lending policies and regulations. Additionally, they may provide recommendations for credit limits, terms, and conditions to mitigate risk and maximize profitability.
Estimated Yearly Salary: 4,833,298 NGN
Estimated Monthly Salary: 402,775 NGN
Estimated Weekly Salary: 92,948 NGN per week
Estimated Hourly Salary: 2,324 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 390,342 NGN
Estimated Weekly Salary: 90,079 NGN per week
Estimated Hourly Salary: 2,252 NGN per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 5,784 USD
Estimated Monthly Salary: 482 USD
Estimated Weekly Salary: 111 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 4,833,298 NGN
Estimated Monthly Salary: 402,775 NGN
Estimated Weekly Salary: 92,948 NGN per week
Estimated Hourly Salary: 2,324 NGN per hour
By working as Commercial Credit Analyst a person can save up to 276 USD per month or 3,317 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 Commercial Credit Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Key carrier (1,735,610 NGN per year, pre-tax.)
Senior government program analyst (6,838,480 NGN per year, pre-tax.)
Insurance claims service consultant (5,324,225 NGN per year, pre-tax.)
Audit supervisor (6,750,640 NGN per year, pre-tax.)
Jewelry photographer (2,445,353 NGN per year, pre-tax.)
Commercial Credit Analyst salary in Nigeria
Average Yearly Salary of Commercial Credit Analyst in Nigeria is approximately 4,833,298 NGN (5,784 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 Credit Analyst do?
A commercial credit analyst is responsible for evaluating the creditworthiness of businesses and individuals applying for loans or lines of credit. They analyze financial statements, credit reports, and other relevant data to assess the risk associated with lending money to a particular borrower. The commercial credit analyst also reviews industry trends, economic conditions, and market factors to make informed decisions about loan approvals and interest rates. They collaborate with loan officers and underwriters to ensure compliance with lending policies and regulations. Additionally, they may provide recommendations for credit limits, terms, and conditions to mitigate risk and maximize profitability.
Skills: commercial credit analyst, credit analysis, risk assessment, financial analysis, lending policies, loan approvals.
Job industry: Finance
Job industry: Finance
How much does Commercial Credit Analyst make?
Salary details
How much does Commercial Credit Analyst make?Estimated Yearly Salary: 4,833,298 NGN
Estimated Monthly Salary: 402,775 NGN
Estimated Weekly Salary: 92,948 NGN per week
Estimated Hourly Salary: 2,324 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 4,684,108 NGNEstimated Monthly Salary: 390,342 NGN
Estimated Weekly Salary: 90,079 NGN per week
Estimated Hourly Salary: 2,252 NGN per hour
Last revision of data: 2024-01-06Commercial Credit Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,784 USD
Estimated Monthly Salary: 482 USD
Estimated Weekly Salary: 111 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Please type in your occupation and select desired country to see latest trends in salaries.
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 Commercial Credit Analyst job salary compared to average salary in Nigeria.
Comparison shows that a person working as Commercial Credit Analyst in Nigeria earns on average:
1.23 times the average salary (or 123% 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 Commercial Credit Analyst job salary compared to average salary in Nigeria.
Comparison shows that a person working as Commercial Credit Analyst in Nigeria earns on average:
1.23 times the average salary (or 123% of average salary).
Is Commercial Credit Analyst a well paid job?
Yes, our data shows that Commercial Credit Analyst 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 Credit Analyst?
High salary for Commercial Credit Analyst would be somewhere between 5,316,628 NGN and 7,008,282 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Commercial Credit Analyst 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: 4,833,298 NGN
Estimated Monthly Salary: 402,775 NGN
Estimated Weekly Salary: 92,948 NGN per week
Estimated Hourly Salary: 2,324 NGN per hour
By working as Commercial Credit Analyst a person can save up to 276 USD per month or 3,317 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 Credit Analyst
Cameroon is 1,875 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.)
(36,135,019 NGN per year, pre-tax.)
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:
Key carrier (1,735,610 NGN per year, pre-tax.)
Senior government program analyst (6,838,480 NGN per year, pre-tax.)
Insurance claims service consultant (5,324,225 NGN per year, pre-tax.)
Audit supervisor (6,750,640 NGN per year, pre-tax.)
Jewelry photographer (2,445,353 NGN per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=nigeria&job=commercial-credit-analyst'><img src='https://optisalary.com/wp-content/graphs/salary/commercial-credit-analyst-salary-in-nigeria-2025.jpg' alt='commercial credit analyst salary in nigeria 2025' title='commercial credit analyst salary in nigeria 2025' /></a>
Please note:optisalary.com aggregates salary data for reference use only.
optisalary.com offers salary estimates for informational purposes only. While we collect data from various providers, we cannot ensure full reliability. Users are encouraged to review external organizations before making any career decisions. Salaries shift due to numerous factors, such as market demand, employer policies, and geographic location. We cannot provide guarantee regarding the correctness of the displayed salary data. Your continued access of this site confirms your understanding of these terms.
Salary details displayed on this website are intended for informational purposes only. Our data is sourced through various sources and may not always be accurate. Users should verify salary information through other means before making financial commitments. The figures shown here may fluctuate due to factors such as location, industry standards, and individual skill sets. We do not guarantee that the data displayed is error-free. By accessing this website, you agree that salary information is presented 'as is' and without assurances.