Home > Salary > Nigeria > Trust Officer Banking
A trust officer in banking is a professional responsible for managing trusts and estates on behalf of clients. They work closely with clients to understand their financial goals and objectives, and then create and administer trust accounts accordingly. Trust officers ensure compliance with legal and regulatory requirements, and provide expert advice on estate planning, tax implications, and investment strategies. They oversee the distribution of assets, manage investments, and handle all administrative tasks related to trusts and estates. Additionally, trust officers may also act as fiduciaries, making decisions on behalf of clients when necessary.
Estimated Yearly Salary: 5,527,966 NGN
Estimated Monthly Salary: 460,664 NGN
Estimated Weekly Salary: 106,307 NGN per week
Estimated Hourly Salary: 2,658 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 444,961 NGN
Estimated Weekly Salary: 102,683 NGN per week
Estimated Hourly Salary: 2,567 NGN per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 6,608 USD
Estimated Monthly Salary: 551 USD
Estimated Weekly Salary: 127 USD per week
Estimated Hourly Salary: 3 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: 5,527,966 NGN
Estimated Monthly Salary: 460,664 NGN
Estimated Weekly Salary: 106,307 NGN per week
Estimated Hourly Salary: 2,658 NGN per hour
By working as Trust Officer Banking a person can save up to 345 USD per month or 4,141 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 Trust Officer Banking
Last revision of data: 2025-01-04
Data as of 2025
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Trust Officer Banking salary in Nigeria
Average Yearly Salary of Trust Officer Banking in Nigeria is approximately 5,527,966 NGN (6,608 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 Trust Officer Banking do?
A trust officer in banking is a professional responsible for managing trusts and estates on behalf of clients. They work closely with clients to understand their financial goals and objectives, and then create and administer trust accounts accordingly. Trust officers ensure compliance with legal and regulatory requirements, and provide expert advice on estate planning, tax implications, and investment strategies. They oversee the distribution of assets, manage investments, and handle all administrative tasks related to trusts and estates. Additionally, trust officers may also act as fiduciaries, making decisions on behalf of clients when necessary.
Skills: Trust Officer, Banking, Wealth Management, Estate Planning, Fiduciary, Investment Management
Job industry: Banking
Job industry: Banking
How much does Trust Officer Banking make?
Salary details
How much does Trust Officer Banking make?Estimated Yearly Salary: 5,527,966 NGN
Estimated Monthly Salary: 460,664 NGN
Estimated Weekly Salary: 106,307 NGN per week
Estimated Hourly Salary: 2,658 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,339,532 NGNEstimated Monthly Salary: 444,961 NGN
Estimated Weekly Salary: 102,683 NGN per week
Estimated Hourly Salary: 2,567 NGN per hour
Last revision of data: 2024-01-05Trust Officer Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,608 USD
Estimated Monthly Salary: 551 USD
Estimated Weekly Salary: 127 USD per week
Estimated Hourly Salary: 3 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 Trust Officer Banking job salary compared to average salary in Nigeria.
Comparison shows that a person working as Trust Officer Banking in Nigeria earns on average:
1.4 times the average salary (or 140% 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 Trust Officer Banking job salary compared to average salary in Nigeria.
Comparison shows that a person working as Trust Officer Banking in Nigeria earns on average:
1.4 times the average salary (or 140% of average salary).
Is Trust Officer Banking a well paid job?
Yes, our data shows that Trust Officer 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 Trust Officer Banking?
High salary for Trust Officer Banking would be somewhere between 6,080,763 NGN and 8,015,551 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Trust Officer 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: 5,527,966 NGN
Estimated Monthly Salary: 460,664 NGN
Estimated Weekly Salary: 106,307 NGN per week
Estimated Hourly Salary: 2,658 NGN per hour
By working as Trust Officer Banking a person can save up to 345 USD per month or 4,141 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 Trust Officer Banking
Cameroon is 2,136 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
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Data as of 2025Random salary:
Seamstress (2,468,269 NGN per year, pre-tax.)
Geriatric nurse (5,206,063 NGN per year, pre-tax.)
Faith community nurse (5,465,071 NGN per year, pre-tax.)
Deliverer (1,873,476 NGN per year, pre-tax.)
Product support specialist internet services (1,853,773 NGN per year, pre-tax.)
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