Director Finance Insurance salary in Nigeria

Average Yearly Salary of Director Finance Insurance in Nigeria is approximately 8,319,104 NGN (9,956 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 Director Finance Insurance do?

The occupation of a Director of Finance in the insurance industry involves overseeing and managing all financial aspects of an insurance company. This includes developing and implementing financial strategies, monitoring financial performance, analyzing financial data, and providing recommendations to senior management. The Director of Finance is responsible for budgeting, forecasting, and financial reporting, as well as ensuring compliance with regulatory requirements and internal policies. They collaborate with other departments to assess risk and determine insurance pricing and profitability. Additionally, they may be involved in mergers and acquisitions, investment management, and strategic planning. This role requires strong analytical skills, attention to detail, and knowledge of insurance industry regulations and practices.

Skills: Director of Finance, Insurance, Financial Management, Risk Assessment, Regulatory Compliance, Strategic Planning
Job industry: Insurance

How much does Director Finance Insurance make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Director Finance Insurance a well paid job?

Yes, our data show that Director Finance Insurance 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 Director Finance Insurance?

High salary for Director Finance Insurance would be somewhere between 9,151,014 NGN and 12,062,701 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Finance Insurance 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: 8,319,104 NGN
Estimated Monthly Salary: 693,259 NGN
Estimated Weekly Salary: 159,983 NGN per week
Estimated Hourly Salary: 4,000 NGN per hour
By working as Director Finance Insurance a person can save up to 624 USD per month or 7,489 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 Director Finance Insurance

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:
Senior ophthalmic technician (3,746,952 NGN per year, pre-tax.)
Medical services supervisor (4,496,008 NGN per year, pre-tax.)
Crisis counselor (3,091,528 NGN per year, pre-tax.)
Picture archiving and communication system (pacs), administrator (5,008,869 NGN per year, pre-tax.)
Barber (2,465,597 NGN per year, pre-tax.)

Feedback about these results