Financial Manager salary in Nigeria

Average Yearly Salary of Financial Manager in Nigeria is approximately 6,504,721 NGN (7,781 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 Manager do?

A financial manager is responsible for overseeing the financial health of an organization. They analyze financial data, prepare financial reports, and provide strategic recommendations to the management team. Their primary goal is to ensure that the company's financial resources are utilized effectively and efficiently. Financial managers monitor cash flow, manage budgets, and make investment decisions to maximize profitability. They also collaborate with other departments to develop financial strategies and ensure compliance with regulations and laws. Additionally, they assess risk and develop risk management strategies to safeguard the organization's assets. Some key responsibilities of a financial manager include financial forecasting, monitoring financial performance, conducting financial analysis, and managing financial transactions. They may also be involved in negotiating contracts, managing relationships with financial institutions, and overseeing financial audits.

Skills: Financial management, Financial analysis, Budgeting, Risk management, Strategic planning, Compliance
Job industry: Finance

How much does Financial Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Financial Manager a well paid job?

Yes, our data shows that Financial 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 Manager?

High salary for Financial Manager would be somewhere between 7,155,193 NGN and 9,431,845 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial 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: 6,504,721 NGN
Estimated Monthly Salary: 542,060 NGN
Estimated Weekly Salary: 125,091 NGN per week
Estimated Hourly Salary: 3,127 NGN per hour
By working as Financial Manager a person can save up to 443 USD per month or 5,314 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 Manager

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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