Senior Trader Commodities salary in Nigeria

Average Yearly Salary of Senior Trader Commodities in Nigeria is approximately 12,513,554 NGN (15,052 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 Trader Commodities do?

A senior trader in commodities is responsible for buying and selling various types of commodities, such as metals, energy products, agricultural products, or financial instruments. They analyze market trends, monitor supply and demand factors, and make informed decisions to maximize profits for their organization. Senior traders often work for investment banks, commodity trading firms, or hedge funds. Their daily tasks include monitoring market prices, executing trades, managing risk exposure, building and maintaining client relationships, and staying updated with industry news and regulations. They use sophisticated trading platforms and tools to track market movements and execute trades efficiently. Strong analytical skills, knowledge of market fundamentals, and the ability to make quick decisions are crucial for success in this role.

Skills: senior trader, commodities, trading, market analysis, risk management, financial instruments
Job industry: Commodities trading

How much does Senior Trader Commodities make?

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


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Salary comparison to National average

Is Senior Trader Commodities a well paid job?

Yes, our data show that Senior Trader Commodities is a very 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 Trader Commodities?

High salary for Senior Trader Commodities would be somewhere between 13,764,909 NGN and 18,144,653 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Trader Commodities 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: 12,513,554 NGN
Estimated Monthly Salary: 1,042,796 NGN
Estimated Weekly Salary: 240,645 NGN per week
Estimated Hourly Salary: 6,016 NGN per hour
By working as Senior Trader Commodities a person can save up to 1,049 USD per month or 12,585 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 Trader Commodities

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.

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Data as of 2025

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