Operations Manager Banking salary in Nigeria

Average Yearly Salary of Operations Manager Banking in Nigeria is approximately 5,795,947 NGN (6,975 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 Operations Manager Banking do?

An Operations Manager in banking is responsible for overseeing the day-to-day operations of a bank or financial institution. They ensure that all operational processes run smoothly and efficiently, while also maintaining compliance with industry regulations. This role involves managing a team of employees, setting performance goals, and monitoring their progress. The Operations Manager also collaborates with other departments, such as risk management and customer service, to ensure seamless coordination and effective communication. They analyze operational data and identify areas for improvement, implementing strategies to enhance productivity and reduce costs. Additionally, they stay updated on industry trends and technological advancements to recommend and implement new systems or processes that can streamline operations. Overall, an Operations Manager in banking plays a critical role in optimizing operational efficiency, minimizing risks, and ensuring a positive customer experience.

Skills: Operations Manager, Banking, Financial Institution, Compliance, Team Management, Process Improvement
Job industry: Banking

How much does Operations Manager Banking make?

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


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Salary comparison to National average

Is Operations Manager Banking a well paid job?

Yes, our data shows that Operations Manager Banking 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 Operations Manager Banking?

High salary for Operations Manager Banking would be somewhere between 6,375,542 NGN and 8,404,123 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Operations Manager Banking 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: 5,795,947 NGN
Estimated Monthly Salary: 482,996 NGN
Estimated Weekly Salary: 111,461 NGN per week
Estimated Hourly Salary: 2,787 NGN per hour
By working as Operations Manager Banking a person can save up to 376 USD per month or 4,508 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 Operations Manager Banking

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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