CBN Salary Structure and Allowances: How Much Does CBN Staff Earn? (2024)
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.
Understanding the CBN compensation package is crucial for anyone eyeing a career in the banking industry.
