Wondering how much a bank manager salary is in Nigeria in 2025? You’re not alone. Many professionals, finance students, and job seekers are curious about what it really means to earn a manager’s salary in a Nigerian bank.
Whether you’re aiming for a promotion, preparing for a bank job interview, or just comparing salary expectations, this detailed guide gives you everything you need to know from monthly salary range, bonuses, allowances, and how different banks pay their managers.
Who Is a Bank Manager in Nigeria?
A bank manager in Nigeria is a senior-level officer responsible for overseeing the daily operations of a bank branch or specific unit. The role involves supervising staff, approving transactions, monitoring loans, driving sales targets, and ensuring customer satisfaction.
Bank managers can fall into different categories:
Branch Manager
Operations Manager
Relationship Manager (Senior Grade)
Zonal Manager
Unit Head (in corporate or digital banking divisions)
Bank Manager Salary in Nigeria (2025) – Overview
In 2025, the average salary for a bank manager in Nigeria ranges from ₦700,000 to ₦1,500,000 per month, depending on the bank, location, job role, and years of experience.
Some managers earn even more, especially in corporate banking, digital banking, and investment units. Salaries also vary between local banks and international banks operating in Nigeria.
Here’s what affects a bank manager's monthly income:
Size of the bank branch or unit
Type of bank (commercial, microfinance, investment)
Location (Lagos pays more than rural branches)
Years of experience
Performance bonuses and commissions
Breakdown: How Much Is Bank Manager Salary in Nigeria by Bank?
Let’s break down the bank manager salary structure across the top commercial banks in Nigeria in 2025:
1. Access Bank Manager Salary
Access Bank offers competitive pay for its managers, especially in high-performing branches.
Monthly Salary: ₦850,000 – ₦1,200,000
Annual Bonus: ₦2 million – ₦5 million depending on target
Other Benefits: Housing, car loans, medical cover, pension
Access Bank emphasizes performance. Managers hitting targets receive attractive bonuses and recognition.
2. Zenith Bank Manager Salary
Zenith Bank pays well for managerial roles and offers structured growth for loyal staff.
Salary Per Month: ₦800,000 – ₦1,300,000
Allowances: Business development incentive, health package, security support
End-of-Year Bonus: Up to ₦4 million for top branches
Zenith promotes a strict but rewarding culture with yearly appraisals linked to pay increases.
3. GTBank Manager Salary
GTBank combines strong base salaries with digital-focused KPIs for its managers.
Monthly Take Home: ₦750,000 – ₦1,100,000
Bonuses: ₦1 million – ₦3 million yearly
Other Perks: Annual retreats, laptops, flexible work arrangements
Managers at GTBank also benefit from performance-based rewards and internal promotion opportunities.
4. UBA Manager Salary
UBA has grown aggressively across Africa and rewards managers who deliver results.
Monthly Salary: ₦700,000 – ₦1,200,000
Allowances: Mobility allowance, medicals, family health support
Annual Bonus: ₦1.5 million – ₦3.5 million
UBA encourages cross-border exposure for its top-performing managers and business unit heads.
5. First Bank Manager Salary
First Bank offers job stability and decent managerial pay.
Salary Per Month: ₦800,000 – ₦1,400,000
13th-Month Bonus: Yes
Car Loan & Pension Plan: Available for confirmed managers
First Bank also supports further education (MBA, MSc) and certifications for its managerial staff.
6. Stanbic IBTC Manager Salary
Stanbic IBTC, known for investment banking and wealth management, pays generously.
Manager Salary (Monthly): ₦1,200,000 – ₦1,700,000
Bonus (Annual): ₦2 million – ₦5 million
Extra Benefits: Travel allowance, offshore training, performance shares
Managers at Stanbic IBTC often handle high-value clients and enjoy higher income.
7. Ecobank Manager Salary
Ecobank pays well in both retail and corporate banking divisions.
Monthly Salary: ₦750,000 – ₦1,200,000
Commission: Based on target performance
Extras: Housing, generator fuel support, utility allowance
Ecobank supports managers with good tools and training to hit business targets.
8. Fidelity Bank Manager Salary
Fidelity Bank rewards long-serving staff with steady promotions and improved pay.
Monthly Salary: ₦700,000 – ₦1,000,000
Target-Based Bonuses: ₦500,000 – ₦2 million annually
Medical & Housing: Provided for zonal-level and senior managers
Fidelity also offers car loans and flexible leave for senior bank officers.
9. Union Bank Manager Salary
Union Bank has upgraded salaries for mid and top-level officers.
Monthly Salary: ₦750,000 – ₦1,100,000
Other Perks: HMO for family, data/airtime subsidy, staff cooperative
Bonus: ₦1 million+ for profitable branches
Union Bank values long-term staff and often promotes from within.
10. Polaris Bank Manager Salary
Polaris Bank is catching up with other banks by offering decent pay for managers.
Monthly Take-Home: ₦650,000 – ₦950,000
Additional Incentives: Performance allowance, fuel allowance
Promotion Review: Annually
Though slightly lower than Tier-1 banks, Polaris still offers good pay for experience-based hires.
Summary Table: Bank Manager Salary in Nigeria 2025
| Bank Name | Monthly Salary (₦) | Annual Bonus (₦) | Perks & Benefits |
|---|---|---|---|
| Access Bank | ₦850,000 – ₦1.2m | ₦2m – ₦5m | Health, housing, car loans |
| Zenith Bank | ₦800,000 – ₦1.3m | ₦2m – ₦4m | Security support, 13th-month bonus |
| GTBank | ₦750,000 – ₦1.1m | ₦1m – ₦3m | Staff gadgets, retreats, family benefits |
| UBA | ₦700,000 – ₦1.2m | ₦1.5m – ₦3.5m | Medicals, international exposure |
| First Bank | ₦800,000 – ₦1.4m | ₦1m+ | Pension, education support |
| Stanbic IBTC | ₦1.2m – ₦1.7m | ₦2m – ₦5m | Performance shares, offshore training |
| Ecobank | ₦750,000 – ₦1.2m | ₦1m+ | Utilities, fuel allowance |
| Fidelity Bank | ₦700,000 – ₦1m | ₦500k – ₦2m | Medicals, car loans, housing allowance |
| Union Bank | ₦750,000 – ₦1.1m | ₦1m+ | Airtime, family cover, cooperative benefits |
| Polaris Bank | ₦650,000 – ₦950,000 | ₦500k – ₦1.5m | Fuel, transport, annual review |
Factors That Influence Bank Manager Salary in Nigeria
Several things determine how much a bank manager earns in Nigeria:
Experience: More years = better pay
Location: Lagos and Abuja pay higher than smaller cities
Branch performance: Profit-generating branches attract better incentives
Role type: Corporate managers earn more than retail managers
Qualifications: Managers with MBA or professional certifications like ICAN, ACCA, or CIBN earn more
Perks and Allowances for Bank Managers in Nigeria
Apart from base salary, bank managers enjoy various additional benefits:
Health Insurance (HMO)
Official Cars or Car Loans
Housing/Rent Allowances
Annual Leave with Pay
Pension Contributions
Target Incentives
Travel Allowance
Free Staff Lunch (some branches)
These benefits make the total take-home much higher than the stated monthly salary.
Promotion Path to Bank Manager Level
Bank managers usually rise through years of service and performance. Here's a typical career growth route:
Graduate Trainee
Banking Officer
Senior Officer
Assistant Manager
Manager
Senior Manager / Zonal Head
Most banks promote employees every 2 to 4 years depending on performance and availability of openings.
Pro Tips: How to Become a Bank Manager in Nigeria
Start Early: Entry-level jobs in top banks provide a solid foundation
Earn Certifications: ICAN, CIBN, ACCA, or MBA can fast-track your career
Meet Targets: Every manager is expected to deliver on business goals
Network Smartly: Strong internal and external connections help visibility
Stay Professional: Banking favors disciplined, compliant staff
FAQs – How Much Is Bank Manager Salary in Nigeria?
How much does a bank manager earn monthly in Nigeria in 2025?
Bank managers in Nigeria earn between ₦700,000 and ₦1,500,000 per month, depending on the bank and job function.
Which bank pays the highest manager salary in Nigeria?
Stanbic IBTC, Access Bank, and First Bank top the list based on 2025 salary data.
Do bank managers get bonuses?
Yes. Most bank managers receive annual performance bonuses ranging from ₦1 million to ₦5 million.
Can a bank manager receive a car loan or official car?
Yes. Most banks offer car loans, and some provide official cars for senior managers.
How long does it take to become a bank manager?
Typically 6 to 10 years, depending on qualifications, performance, and bank structure.
Final Thoughts: Bank Manager Salary in Nigeria (2025)
The bank manager salary in Nigeria in 2025 offers one of the highest earnings in the professional sector. With monthly salaries ranging from ₦700,000 to ₦1,500,000 and yearly bonuses exceeding ₦3 million in some cases, this role is both financially and professionally rewarding.
If you’re working your way up or planning to switch into the banking industry, now you know what to expect at the managerial level. It’s not just about the money — it’s about growth, impact, and long-term stability.