Finance Analyst salary in Nigeria

Average Yearly Salary of Finance Analyst in Nigeria is approximately 5,508,531 NGN (6,595 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 Finance Analyst do?

A finance analyst is responsible for analyzing financial data, trends, and market conditions to support decision-making and strategic planning within an organization. They gather and evaluate financial information, create financial models, and generate reports to provide insights into the company's financial performance. Finance analysts also assist in budgeting and forecasting, identifying potential risks and opportunities, and making recommendations for improving financial efficiency. The occupation requires strong analytical skills, attention to detail, and proficiency in financial analysis tools and techniques. Excellent knowledge of financial principles, accounting practices, and industry regulations is essential. Effective communication skills are also necessary to present findings and recommendations to management and stakeholders.

Skills: finance analyst, financial analysis, budgeting and forecasting, financial reporting, risk management, financial modeling
Job industry: Finance

How much does Finance Analyst make?

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


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Salary comparison to National average

Is Finance Analyst a well paid job?

Yes, our data shows that Finance 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 Finance Analyst?

High salary for Finance Analyst would be somewhere between 6,059,384 NGN and 7,987,370 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Finance 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: 5,508,531 NGN
Estimated Monthly Salary: 459,044 NGN
Estimated Weekly Salary: 105,933 NGN per week
Estimated Hourly Salary: 2,648 NGN per hour
By working as Finance Analyst a person can save up to 344 USD per month or 4,128 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 Finance Analyst

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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