Home > Salary > Nigeria > Financial Accounting Manager
A financial accounting manager is responsible for overseeing the financial operations and ensuring accurate and timely recording of transactions within an organization. They supervise a team of accountants, set financial goals, develop accounting procedures, and ensure compliance with financial regulations. The role involves preparing financial statements, conducting audits, analyzing financial data, and providing financial reports to management. Additionally, financial accounting managers collaborate with other departments to streamline processes, manage budgets, and make informed financial decisions. They also play a crucial role in tax planning and ensuring adherence to tax laws. Strong analytical skills, attention to detail, proficiency in accounting software, and knowledge of financial regulations are essential for this role.
Estimated Yearly Salary: 7,102,703 NGN
Estimated Monthly Salary: 591,892 NGN
Estimated Weekly Salary: 136,590 NGN per week
Estimated Hourly Salary: 3,415 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 569,873 NGN
Estimated Weekly Salary: 131,509 NGN per week
Estimated Hourly Salary: 3,288 NGN per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 8,485 USD
Estimated Monthly Salary: 707 USD
Estimated Weekly Salary: 163 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 7,102,703 NGN
Estimated Monthly Salary: 591,892 NGN
Estimated Weekly Salary: 136,590 NGN per week
Estimated Hourly Salary: 3,415 NGN per hour
By working as Financial Accounting Manager a person can save up to 501 USD per month or 6,018 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 Financial Accounting Manager
Last revision of data: 2025-01-04
Data as of 2025
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Financial Accounting Manager salary in Nigeria
Average Yearly Salary of Financial Accounting Manager in Nigeria is approximately 7,102,703 NGN (8,485 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 Financial Accounting Manager do?
A financial accounting manager is responsible for overseeing the financial operations and ensuring accurate and timely recording of transactions within an organization. They supervise a team of accountants, set financial goals, develop accounting procedures, and ensure compliance with financial regulations. The role involves preparing financial statements, conducting audits, analyzing financial data, and providing financial reports to management. Additionally, financial accounting managers collaborate with other departments to streamline processes, manage budgets, and make informed financial decisions. They also play a crucial role in tax planning and ensuring adherence to tax laws. Strong analytical skills, attention to detail, proficiency in accounting software, and knowledge of financial regulations are essential for this role.
Skills: Financial Accounting Manager, Financial Operations, Financial Statements, Compliance, Financial Regulations, Tax Planning.
Job industry: Finance
Job industry: Finance
How much does Financial Accounting Manager make?
Salary details
How much does Financial Accounting Manager make?Estimated Yearly Salary: 7,102,703 NGN
Estimated Monthly Salary: 591,892 NGN
Estimated Weekly Salary: 136,590 NGN per week
Estimated Hourly Salary: 3,415 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 6,838,480 NGNEstimated Monthly Salary: 569,873 NGN
Estimated Weekly Salary: 131,509 NGN per week
Estimated Hourly Salary: 3,288 NGN per hour
Last revision of data: 2024-01-08Financial Accounting Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,485 USD
Estimated Monthly Salary: 707 USD
Estimated Weekly Salary: 163 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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 Financial Accounting Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Financial Accounting Manager in Nigeria earns on average:
1.8 times the average salary (or 180% 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 Financial Accounting Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Financial Accounting Manager in Nigeria earns on average:
1.8 times the average salary (or 180% of average salary).
Is Financial Accounting Manager a well paid job?
Yes, our data shows that Financial Accounting 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 Financial Accounting Manager?
High salary for Financial Accounting Manager would be somewhere between 7,812,973 NGN and 10,298,919 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Accounting 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: 7,102,703 NGN
Estimated Monthly Salary: 591,892 NGN
Estimated Weekly Salary: 136,590 NGN per week
Estimated Hourly Salary: 3,415 NGN per hour
By working as Financial Accounting Manager a person can save up to 501 USD per month or 6,018 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 Financial Accounting Manager
Cameroon is 2,741 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
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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.)
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(34,132,586 NGN per year, pre-tax.)
10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Offshore rigger (2,543,771 NGN per year, pre-tax.)
Group home rehabilitation worker (1,577,548 NGN per year, pre-tax.)
Deputy fire chief (5,087,543 NGN per year, pre-tax.)
Digital producer (4,535,451 NGN per year, pre-tax.)
Landscaping or groundskeeping worker (2,278,824 NGN per year, pre-tax.)
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