Home > Salary > Nigeria > Financial Officer
A financial officer is responsible for overseeing the financial operations of an organization. They play a crucial role in managing the company's financial resources, ensuring compliance with financial regulations, and providing strategic financial advice to senior management. Their key responsibilities include budgeting, financial planning and analysis, cash flow management, risk assessment, and financial reporting. Financial officers also monitor financial performance, identify areas for improvement, and develop strategies to enhance profitability and efficiency. They collaborate with various departments to ensure financial goals are met and provide guidance on financial decision-making. Strong analytical skills, attention to detail, and knowledge of financial principles and practices are essential for this role.
Estimated Yearly Salary: 5,474,220 NGN
Estimated Monthly Salary: 456,185 NGN
Estimated Weekly Salary: 105,273 NGN per week
Estimated Hourly Salary: 2,632 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 441,060 NGN
Estimated Weekly Salary: 101,783 NGN per week
Estimated Hourly Salary: 2,545 NGN per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 6,577 USD
Estimated Monthly Salary: 548 USD
Estimated Weekly Salary: 126 USD per week
Estimated Hourly Salary: 3 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: 5,474,220 NGN
Estimated Monthly Salary: 456,185 NGN
Estimated Weekly Salary: 105,273 NGN per week
Estimated Hourly Salary: 2,632 NGN per hour
By working as Financial Officer a person can save up to 342 USD per month or 4,110 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 Officer
Last revision of data: 2025-01-04
Data as of 2025
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Financial Officer salary in Nigeria
Average Yearly Salary of Financial Officer in Nigeria is approximately 5,474,220 NGN (6,577 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 Officer do?
A financial officer is responsible for overseeing the financial operations of an organization. They play a crucial role in managing the company's financial resources, ensuring compliance with financial regulations, and providing strategic financial advice to senior management. Their key responsibilities include budgeting, financial planning and analysis, cash flow management, risk assessment, and financial reporting. Financial officers also monitor financial performance, identify areas for improvement, and develop strategies to enhance profitability and efficiency. They collaborate with various departments to ensure financial goals are met and provide guidance on financial decision-making. Strong analytical skills, attention to detail, and knowledge of financial principles and practices are essential for this role.
Skills: Financial officer, Finance management, Budgeting, Financial planning, Risk assessment, Financial reporting
Job industry: Finance
Job industry: Finance
How much does Financial Officer make?
Salary details
How much does Financial Officer make?Estimated Yearly Salary: 5,474,220 NGN
Estimated Monthly Salary: 456,185 NGN
Estimated Weekly Salary: 105,273 NGN per week
Estimated Hourly Salary: 2,632 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,292,716 NGNEstimated Monthly Salary: 441,060 NGN
Estimated Weekly Salary: 101,783 NGN per week
Estimated Hourly Salary: 2,545 NGN per hour
Last revision of data: 2024-01-09Financial Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,577 USD
Estimated Monthly Salary: 548 USD
Estimated Weekly Salary: 126 USD per week
Estimated Hourly Salary: 3 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
Please type in your occupation and select desired country to see latest trends in salaries.
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 Officer job salary compared to average salary in Nigeria.
Comparison shows that a person working as Financial Officer in Nigeria earns on average:
1.39 times the average salary (or 139% 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 Officer job salary compared to average salary in Nigeria.
Comparison shows that a person working as Financial Officer in Nigeria earns on average:
1.39 times the average salary (or 139% of average salary).
Is Financial Officer a well paid job?
Yes, our data shows that Financial Officer 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 Officer?
High salary for Financial Officer would be somewhere between 6,021,642 NGN and 7,937,619 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Officer 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: 5,474,220 NGN
Estimated Monthly Salary: 456,185 NGN
Estimated Weekly Salary: 105,273 NGN per week
Estimated Hourly Salary: 2,632 NGN per hour
By working as Financial Officer a person can save up to 342 USD per month or 4,110 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 Officer
Cameroon is 2,122 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.)
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4. Neurosurgeon
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(34,175,491 NGN per year, pre-tax.)
7. Oncologist
(34,169,925 NGN per year, pre-tax.)
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10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Payroll or timekeeping clerk (3,198,174 NGN per year, pre-tax.)
Junior mechanical engineer (4,299,126 NGN per year, pre-tax.)
Rf test engineer (6,290,160 NGN per year, pre-tax.)
Rodeo clown (6,200,149 NGN per year, pre-tax.)
Early childhood administrator (2,602,648 NGN per year, pre-tax.)
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