Salary Structure

CBN Salary Structure and Allowances: How Much Does CBN Staff Earn?

Curious about the pay structure at the Central Bank of Nigeria? Find out the salaries and allowances for different positions, from senior supervisors to NYSC Corpers.

When it comes to employee compensation, the CBN doesn’t disappoint. Their salary structure includes basic pay, allowances, and bonuses, making it competitive in the industry.

Salary at CBN varies based on job grade and experience level. For example, new hires in training can expect to earn between N60,000 to N100,000 per month.

On the other hand, loan officers take home N573,000 monthly, with the average salary hovering around N509,008 per month. This structure aims to attract and retain top talent within the banking sector.

CBN Salary Structure and Allowances

On top of the basic salary, CBN employees enjoy additional allowances like housing, transport, and meal subsidies.

For instance, branch controllers receive a basic salary of N732,000 per month, totaling N8,784,000 annually, alongside other perks.

New CBN staff earn a monthly salary of N122,000 with benefits such as housing and transport allowances. They also receive training allowances ranging from N1.2 million to N1.5 million.

Factors like job grade, experience, and performance influence salary and allowances. Credit analysts earn N647,000 per month or N7,764,000 annually, while the CBN governor earns N2,223,705 monthly with various benefits.

READ This: UNESCO and OWSD Early Career Fellowship [USD 50,000]

Understanding the CBN compensation package is crucial for anyone eyeing a career in the banking industry.

DISCLAIMER!

We do not recruit, assist, or advertise any job positions, and we have no association or contact with the agency or website referenced in this post.
This article is strictly for informational reasons.
Be wary of bogus phone calls and employment offers. Pay no one who promises to be able to help you get this job.

FAQs

What is the average monthly salary of an entry-level staff at the Central Bank of Nigeria?

An entry-level staff at the Central Bank of Nigeria (CBN) typically earns between ₦120,000 and ₦180,000 per month, depending on the department, qualifications, and role. This amount excludes allowances and other benefits.

How much do senior-level staff and directors earn at CBN?

Senior-level staff at CBN earn between ₦500,000 and ₦1,500,000 monthly, while directors and top executives can earn from ₦2 million to over ₦3 million per month, excluding performance bonuses and other perks.

What allowances do CBN staff receive in addition to their salaries?

CBN staff receive various allowances such as housing allowance, transport allowance, medical allowance, meal subsidy, and leave allowance. They may also benefit from duty tour allowances and special project incentives, depending on their assignments.

Does CBN provide any non-monetary benefits for its employees?

Yes, CBN offers non-monetary benefits such as comprehensive health care, retirement and pension packages, training and development programs, staff loans at low interest rates, and in some cases, official accommodation for certain positions.

READ This: Cross River State Civil Service Salary Structure and Allowances 2024