Home > Salary > Nigeria > Credit Manager
A credit manager is responsible for overseeing the credit granting process within an organization. They play a crucial role in managing the company's credit risk and ensuring that customers adhere to payment terms and conditions. Their main duties include evaluating creditworthiness of potential customers, setting credit limits, monitoring credit accounts, and collecting overdue payments. Additionally, credit managers establish and maintain relationships with clients, negotiate payment plans, and provide guidance on credit-related matters to other departments.
Estimated Yearly Salary: 5,750,619 NGN
Estimated Monthly Salary: 479,218 NGN
Estimated Weekly Salary: 110,589 NGN per week
Estimated Hourly Salary: 2,765 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 464,468 NGN
Estimated Weekly Salary: 107,185 NGN per week
Estimated Hourly Salary: 2,680 NGN per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 6,913 USD
Estimated Monthly Salary: 576 USD
Estimated Weekly Salary: 133 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: 5,750,619 NGN
Estimated Monthly Salary: 479,218 NGN
Estimated Weekly Salary: 110,589 NGN per week
Estimated Hourly Salary: 2,765 NGN per hour
By working as Credit Manager a person can save up to 370 USD per month or 4,446 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 Credit Manager
Last revision of data: 2025-01-04
Data as of 2025
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Credit Manager salary in Nigeria
Average Yearly Salary of Credit Manager in Nigeria is approximately 5,750,619 NGN (6,913 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 Credit Manager do?
A credit manager is responsible for overseeing the credit granting process within an organization. They play a crucial role in managing the company's credit risk and ensuring that customers adhere to payment terms and conditions. Their main duties include evaluating creditworthiness of potential customers, setting credit limits, monitoring credit accounts, and collecting overdue payments. Additionally, credit managers establish and maintain relationships with clients, negotiate payment plans, and provide guidance on credit-related matters to other departments.
Skills: Credit management, Risk assessment, Financial analysis, Debt collection, Customer relations, Payment terms
Job industry: Finance
Job industry: Finance
How much does Credit Manager make?
Salary details
How much does Credit Manager make?Estimated Yearly Salary: 5,750,619 NGN
Estimated Monthly Salary: 479,218 NGN
Estimated Weekly Salary: 110,589 NGN per week
Estimated Hourly Salary: 2,765 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,573,612 NGNEstimated Monthly Salary: 464,468 NGN
Estimated Weekly Salary: 107,185 NGN per week
Estimated Hourly Salary: 2,680 NGN per hour
Last revision of data: 2024-01-05Credit Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,913 USD
Estimated Monthly Salary: 576 USD
Estimated Weekly Salary: 133 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 Credit Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Credit Manager in Nigeria earns on average:
1.46 times the average salary (or 146% 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 Credit Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Credit Manager in Nigeria earns on average:
1.46 times the average salary (or 146% of average salary).
Is Credit Manager a well paid job?
Yes, our data shows that Credit Manager 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 Credit Manager?
High salary for Credit Manager would be somewhere between 6,325,681 NGN and 8,338,398 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Credit Manager 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: 5,750,619 NGN
Estimated Monthly Salary: 479,218 NGN
Estimated Weekly Salary: 110,589 NGN per week
Estimated Hourly Salary: 2,765 NGN per hour
By working as Credit Manager a person can save up to 370 USD per month or 4,446 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 Credit Manager
Cameroon is 2,236 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.)
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(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.)
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10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Global emergency response continuity manager (10,632,248 NGN per year, pre-tax.)
Power systems engineer (7,119,975 NGN per year, pre-tax.)
Librarian technical (2,404,786 NGN per year, pre-tax.)
Plant breeder (5,600,450 NGN per year, pre-tax.)
Sheet metal worker apprentice (2,717,000 NGN per year, pre-tax.)
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