Home > Salary > Nigeria > Senior Cost Accountant
A senior cost accountant is responsible for overseeing and managing the financial aspects of a company's operations. They analyze costs, pricing, and profitability to provide accurate financial information to management for decision-making purposes. Their key responsibilities include preparing and analyzing cost reports, conducting variance analysis, developing budgets and forecasts, and ensuring compliance with accounting principles and regulations. They also play a crucial role in identifying cost-saving opportunities and improving operational efficiency.
Estimated Yearly Salary: 6,712,674 NGN
Estimated Monthly Salary: 559,390 NGN
Estimated Weekly Salary: 129,090 NGN per week
Estimated Hourly Salary: 3,227 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 538,663 NGN
Estimated Weekly Salary: 124,307 NGN per week
Estimated Hourly Salary: 3,108 NGN per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 7,975 USD
Estimated Monthly Salary: 665 USD
Estimated Weekly Salary: 153 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: 6,712,674 NGN
Estimated Monthly Salary: 559,390 NGN
Estimated Weekly Salary: 129,090 NGN per week
Estimated Hourly Salary: 3,227 NGN per hour
By working as Senior Cost Accountant a person can save up to 459 USD per month or 5,508 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.
Estimated Yearly Salary for Senior Cost Accountant
Last revision of data: 2025-01-04
Data as of 2025
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Senior Cost Accountant salary in Nigeria
Average Yearly Salary of Senior Cost Accountant in Nigeria is approximately 6,712,674 NGN (7,975 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 Senior Cost Accountant do?
A senior cost accountant is responsible for overseeing and managing the financial aspects of a company's operations. They analyze costs, pricing, and profitability to provide accurate financial information to management for decision-making purposes. Their key responsibilities include preparing and analyzing cost reports, conducting variance analysis, developing budgets and forecasts, and ensuring compliance with accounting principles and regulations. They also play a crucial role in identifying cost-saving opportunities and improving operational efficiency.
Skills: Senior Cost Accountant, Financial Analysis, Cost Management, Budgeting, Variance Analysis, Compliance.
Job industry: Manufacturing
Job industry: Manufacturing
How much does Senior Cost Accountant make?
Salary details
How much does Senior Cost Accountant make?Estimated Yearly Salary: 6,712,674 NGN
Estimated Monthly Salary: 559,390 NGN
Estimated Weekly Salary: 129,090 NGN per week
Estimated Hourly Salary: 3,227 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 6,463,952 NGNEstimated Monthly Salary: 538,663 NGN
Estimated Weekly Salary: 124,307 NGN per week
Estimated Hourly Salary: 3,108 NGN per hour
Last revision of data: 2024-01-03Senior Cost Accountant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 7,975 USD
Estimated Monthly Salary: 665 USD
Estimated Weekly Salary: 153 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 Senior Cost Accountant job salary compared to average salary in Nigeria.
Comparison shows that a person working as Senior Cost Accountant in Nigeria earns on average:
1.7 times the average salary (or 170% 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 Senior Cost Accountant job salary compared to average salary in Nigeria.
Comparison shows that a person working as Senior Cost Accountant in Nigeria earns on average:
1.7 times the average salary (or 170% of average salary).
Is Senior Cost Accountant a well paid job?
Yes, our data shows that Senior Cost Accountant 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 Senior Cost Accountant?
High salary for Senior Cost Accountant would be somewhere between 7,383,941 NGN and 9,733,377 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Cost Accountant 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: 6,712,674 NGN
Estimated Monthly Salary: 559,390 NGN
Estimated Weekly Salary: 129,090 NGN per week
Estimated Hourly Salary: 3,227 NGN per hour
By working as Senior Cost Accountant a person can save up to 459 USD per month or 5,508 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 Senior Cost Accountant
Cameroon is 2,594 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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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:
Gem worker (3,066,492 NGN per year, pre-tax.)
Analytical lab technician (2,721,578 NGN per year, pre-tax.)
Animal behaviorist (3,700,136 NGN per year, pre-tax.)
Assistant operations manager (4,566,620 NGN per year, pre-tax.)
Music librarian (4,034,382 NGN per year, pre-tax.)
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