CBN Salary Structure and Allowances 2023
Check out the CBN Senior staff as well as the Entry-Level Staff’s Salary and allowances below.
The Salary Structure of the Central Bank of Nigeria provides all the necessary information regarding the compensation offered to its employees.
One of the reasons for the appeal of working at CBN is the highly appealing and lucrative compensation offered to its employees. In addition to the base compensation, Nigeria bankers also enjoy great working settings and conditions.
The training allowances and incentives offered by the Central Bank of Nigeria are considered among the best among government entities in Nigeria. This page will discuss the monthly salary and allowances of Central Bank of Nigeria (CBN) officials and workers.
Information about the salaries of CBN staff in Nigeria is highly sought after, as the banking business is one of the top paying private sectors in the country.
All details about CBN wages and pay scales will be included in this post, including information such as: How Much Does CBN Pay Its Employees, the compensation of new CBN employees, and the salary of experienced CBN employees. This post will be extremely valuable to our audience members who have ambitions or interests in serving or working at a Nigerian top bank.
CBN Salary Structure and allowances 2023
- CBN Salary Scale for Graduate Trainee
CBN salaries for new employees in training range from N60,000 to N100,000 per month.
Graduate trainees are this type of employee. These are newly hired employees who are getting training. These courses are designed to familiarize newly hired CBN employees with the bank’s principles, policies, and culture while they are paid during this training. A training allowance will also be granted at the completion of the training, ranging between N1.2 million and N1.2 million, according to several online sources.
- Entry-Level Staff’s Salary
After completing the training, you will be assigned to the position of entry-level personnel, with Central Bank providing its entry-level employees a monthly salary of N122,000, depending on department and unit, equating to around N1,464,000 per year. However, the remuneration for this group of workers is not fixed and increases over time based on the employee’s tenure with the bank.
- Salaries of Loan Officers
A loan officer is one of the ranks to which a staff member can be promoted. A CBN employee with the appropriate qualifications can be promoted to the status of loan officer, with a monthly salary of N573,000.
- Salaries of Credit Analysts
The credit analyst rank is typically held by employees and is well compensated, with the Central Bank of Nigeria paying its credit analyst N647,000 each month, equating to N7,764,000 per year.
- Pay Scale of Branch Managers
Becoming a Central Bank branch manager is rare due to the limited number of branches, but if appointed, the compensation is N732,000 each month, totaling N8,784,000 per year, with several enticing incentives that are exclusive to the post.
- CBN Salaries for Experienced Employees
Experienced Central Bank of Nigeria employees, such as branch managers, directors, and officers, receive salaries of more than N500,000 per month, along with positive working conditions and surroundings, as well as enticing allowances and incentives. It is considered one of the greatest government agencies in Nigeria to work for.
