10 Nigerian Companies that Pay Highest Salaries (2024)

There exist many companies in Nigeria that pay largest salaries to their staff. These companies have over the years built a solid reputation in their various industries and sector. Although, to get a high paying job in Nigeria is difficult for some class of people and also maintaining these large salary structures might seem a herculean task for most Nigerian companies, it is still achievable.

 

Oil companies in Nigeria are known for paying their employees some of the highest salaries in the country. In this post, we will take a look at some of the top paying companies in Nigeria, as well as their salary figures. These companies are popular in Nigeria and have a global reach. To them, the well-being of their staff, both financially and otherwise, is of paramount importance. Despite the current economic recession being experienced in Nigeria, these companies are still offering mouth-watering entry-level salaries.

LIST OF HIGHEST PAYING COMPANIES IN NIGERIA (2024)

Below are the Nigerian companies that pay high salaries this 2024

1. SEPLAT ENERGY

SEPLAT are now ranked as the highest paying company in Nigeria. They pay their staff members on an hourly basis. For example, a sales associate is paid $8.73 per hour, an Intern at this petroleum giant is paid $28.66 per hour, and a Customer service/care representative is paid $10.54 per hour. A cashier is also paid $9.54 per hour.

2. TOTAL ENERGIES PLC

Total Energies is another oil company operating in Nigeria that pays its workers well. They pay their staff members in US dollars and getting employed at Total Nigeria is not an easy task. Engineers at Total Energies earn a total of $107,477 annually, while Process engineers receive a yearly pay of $114,526. Interns at this petroleum giant are paid $6,810 monthly. Project engineers are paid $120,055 yearly. A Senior engineer at Total Petroleum earns $144,467, which is the same payment rate for all their staff members in Nigeria and other parts of the world.

3. NNPC

Nigeria National Petroleum Company (NNPC) is Nigeria’s own petroleum company and is also on the list of companies in Nigeria that pay the highest salaries in 2024. Unlike Chevron and Mobil Petroleum, NNPC pays their staff members in the Nigerian local currency, the Naira. A Sales Manager at NNPC earns ₦314,000 monthly, while economists at NNPC earn a whopping pay of ₦3.85 million yearly. A fresh graduate at NNPC receives about ₦130,000 every month.

4. MTN NIGERIA

MTN (Mobile Telecommunications Network) Nigeria is the highest paid telecommunications company in Nigeria. They pay higher than GLO, Airtel and 9Mobile. Originally from South Africa, MTN was the first mobile telecommunications company to arrive in Nigeria in the early days of mobile telecoms in the country. MTN Nigeria employs mostly Nigerians and in the past, they paid their staff members very well. However, recent challenges with the Nigeria Communications Commission have led to a drop in the amount of pay being given to employees. Despite this, MTN is still one of the highest paying companies in Nigeria.

These days, they prefer the services of contract staff, since this helps them save money. A contract staff has no right to salary increase. He/she equally has no right to bonus or retirement plan. They are equally free to hire and fire a contract staff at any point in time.  Customer Care representatives are paid about N83,000 monthly.

Though we could not confirm the current pay of Project managers at MTN , we are made to assume that they are paid about ₦839,000 yearly, Program Managers on the other hand are paid up to ₦9.44 million yearly.  Senior Management members receive up to ₦12.4 million yearly.  Quality Assurance Engineers receive up to ₦4.69 million yearly.

5. NESTLE NIGERIA

Nestle Nigeria are also among Nigerian companies that pay high salaries. They are into food production and food processing. Nestle pay their staff members a number of benefits.

Staff members have access to health insurance but the staff is not qualified for the health insurance until they have spent between 6 to 12 months in the company as a staff.

Sales managers at Nestle Nigeria receive up to ₦6.27 million yearly while  production supervisors receive up to ₦5 million every year.

Their staff members have access to vacation too. Sales rep interns are paid about $19 per hour. Interns are paid about $22 per hour. Mechanical Engineering Interns are paid up to $21 per hour.

6. NIGERIAN CIVIL SERVICE

The Nigerian Civil Service is owned and operated by the Federal Government of Nigeria. It is no secret that the Federal Government pays well, hence many are dying to get that dream job by joining the Nigerian Civil Service.

The amount of pay an employee gets is determined by the particular Ministry he or she finds himself or herself. Payment is also determined by the department or agency in which you are employed.  School leavers employed into the Nigerian civil service on Level 4 Step 1 receive up to ₦242,994 yearly.

Those at the peak of their career at level 17 Step 1 are paid up to ₦4,183,600 yearly.  This means you will receive about ₦20,000 per month as a Level 4 Step 1 Employee in the Nigerian civil service and ₦348,633 per month at level 17.

7. TOTAL PETROLEUM

Total  Petroleum is an oil & gas giant and are among the oil companies in Nigeria that pay highest salaries. We were able to gather information that they have up to 1,700 employees.  Entry level employees receive up to ₦12 million yearly. The only issue is getting into this firm.

8. NIGERIAN BREWERIES

Nigerian Breweries is one of the largest brewing companies in Nigeria and is known for paying their employees well. They offer competitive salaries, bonuses, and benefits to their staff. Entry-level positions at the company can earn an average of ₦200,000 per month, while more experienced professionals can earn significantly more. Nigerian Breweries also provides opportunities for career growth and development for their employees.

9. DANGOTE GROUP

The Dangote Group is a diversified conglomerate with interests in cement, sugar, flour, and other industries. They are known for providing excellent compensation to their staff, including competitive salaries, bonuses, and benefits. Entry-level positions at the company can earn an average of ₦250,000 per month, while more experienced professionals can earn significantly more. The Dangote Group also provides opportunities for career growth and development.

10. GUARANTY TRUST BANK

Guaranty Trust Bank is one of the largest and most successful banks in Nigeria. They offer competitive salaries and benefits to their employees, as well as opportunities for career growth and development. Entry-level positions at the bank can earn an average of ₦250,000 per month, while more experienced professionals can earn significantly more.

CONCLUSION

In conclusion, there are many companies in Nigeria that pay high salaries to their employees. These companies have built a solid reputation for providing excellent compensation to their staff, despite the current economic challenges faced by the country. The companies listed above are just a few examples of the many high-paying companies in Nigeria, and are considered to be among the best employers in the country.

While there are other firms that are among the highest paid companies in Nigeria, these ones stand out to be the best. Working in any of these firms will assure you a good career path. Aside the high salary, you also receive bonuses and allowances when you get paid. The only difficulty is getting a job in any of these Nigerian companies that pay well.