Home > Salary > Nigeria > Finance Manager
A finance manager is responsible for overseeing the financial operations of an organization and ensuring its financial health. They analyze financial data, prepare financial reports, develop budgets, and make strategic financial decisions to maximize profitability and minimize risks. Finance managers also collaborate with other departments to provide financial insights and advice for effective decision-making. They monitor cash flow, manage investments, and ensure compliance with financial regulations and policies. Additionally, they may be involved in financial forecasting, cost analysis, and financial planning.
Estimated Yearly Salary: 8,128,425 NGN
Estimated Monthly Salary: 677,369 NGN
Estimated Weekly Salary: 156,316 NGN per week
Estimated Hourly Salary: 3,908 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 655,703 NGN
Estimated Weekly Salary: 151,316 NGN per week
Estimated Hourly Salary: 3,783 NGN per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 9,754 USD
Estimated Monthly Salary: 813 USD
Estimated Weekly Salary: 188 USD per week
Estimated Hourly Salary: 5 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: 8,128,425 NGN
Estimated Monthly Salary: 677,369 NGN
Estimated Weekly Salary: 156,316 NGN per week
Estimated Hourly Salary: 3,908 NGN per hour
By working as Finance Manager a person can save up to 607 USD per month or 7,287 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 Finance Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Probation officer (3,875,110 NGN per year, pre-tax.)
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Field service engineer networking equipment (3,170,901 NGN per year, pre-tax.)
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Finance Manager salary in Nigeria
Average Yearly Salary of Finance Manager in Nigeria is approximately 8,128,425 NGN (9,754 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 Manager do?
A finance manager is responsible for overseeing the financial operations of an organization and ensuring its financial health. They analyze financial data, prepare financial reports, develop budgets, and make strategic financial decisions to maximize profitability and minimize risks. Finance managers also collaborate with other departments to provide financial insights and advice for effective decision-making. They monitor cash flow, manage investments, and ensure compliance with financial regulations and policies. Additionally, they may be involved in financial forecasting, cost analysis, and financial planning.
Skills: finance management, financial analysis, budgeting, financial reporting, risk management, strategic decision-making
Job industry: Finance
Job industry: Finance
How much does Finance Manager make?
Salary details
How much does Finance Manager make?Estimated Yearly Salary: 8,128,425 NGN
Estimated Monthly Salary: 677,369 NGN
Estimated Weekly Salary: 156,316 NGN per week
Estimated Hourly Salary: 3,908 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,868,432 NGNEstimated Monthly Salary: 655,703 NGN
Estimated Weekly Salary: 151,316 NGN per week
Estimated Hourly Salary: 3,783 NGN per hour
Last revision of data: 2024-01-07Finance Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 9,754 USD
Estimated Monthly Salary: 813 USD
Estimated Weekly Salary: 188 USD per week
Estimated Hourly Salary: 5 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
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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 Finance Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Finance Manager in Nigeria earns on average:
2.06 times the average salary (or 206% 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 Finance Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Finance Manager in Nigeria earns on average:
2.06 times the average salary (or 206% of average salary).
Is Finance Manager a well paid job?
Yes, our data show that Finance Manager 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 Finance Manager?
High salary for Finance Manager would be somewhere between 8,941,268 NGN and 11,786,216 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Finance 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: 8,128,425 NGN
Estimated Monthly Salary: 677,369 NGN
Estimated Weekly Salary: 156,316 NGN per week
Estimated Hourly Salary: 3,908 NGN per hour
By working as Finance Manager a person can save up to 607 USD per month or 7,287 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 Manager
Cameroon is 3,145 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:
Probation officer (3,875,110 NGN per year, pre-tax.)
Loss mitigation specialist (2,904,264 NGN per year, pre-tax.)
Sales associate (1,873,476 NGN per year, pre-tax.)
Field service engineer networking equipment (3,170,901 NGN per year, pre-tax.)
Packaging technician (2,904,264 NGN per year, pre-tax.)
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Please note:The salary figures presented here are meant for reference purposes solely.
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optisalary.com presents salary estimates for informational purposes only. While we gather data from multiple sources, we do not guarantee absolute accuracy. Users are encouraged to consult trusted platforms before making major financial moves. Salaries fluctuate due to various elements, such as market demand, employer policies, and geographic location. We cannot provide warranty regarding the correctness of the displayed salary figures. Your use of this site confirms your acceptance of these terms.