Looking for the updated First Bank salary structure and allowance in Nigeria? You’re not alone. As one of Nigeria’s oldest and most respected banks, First Bank attracts many job seekers, banking graduates, and professionals who want to know what compensation looks like across different levels.
Whether you're starting as a teller, aiming for a relationship officer role, managing a branch, or targeting a top executive spot, this guide covers everything monthly salary ranges, allowances, bonuses, career progression, cost-of-living comparisons, and tips to negotiate well.
Who Is First Bank of Nigeria?
First Bank of Nigeria (FirstBank) began operations in 1894, making it Nigeria’s oldest commercial bank. With a nationwide presence and deep banking heritage, FirstBank offers retail, corporate, SME, and microfinance services. Known for both legacy systems and digital innovation, FirstBank values employee development and established salary frameworks.
Overview: First Bank Salary Structure & Allowance (2025)
Here’s a snapshot of the First Bank salary structure and allowance by role:
| Role / Level | Base Salary (₦) | Total Monthly Compensation (₦) |
|---|---|---|
| Teller / Customer Service Officer | 160,000 – 200,000 | 180,000 – 250,000 |
| Relationship / Credit Officer | 250,000 – 350,000 | 300,000 – 450,000 |
| Branch Supervisor / Team Lead | 350,000 – 550,000 | 400,000 – 650,000 |
| Branch Manager | 600,000 – 900,000 | 700,000 – 1,200,000 |
| Area / Zonal Manager | 900,000 – 1,300,000 | 1,000,000 – 1,800,000 |
| Department Head / Specialist | 1,400,000 – 2,200,000 | 1,600,000 – 3,000,000 |
| Executive (C-Level) | 3,000,000 – 6,000,000+ | 4,000,000 – 10,000,000+ |
Allowances and bonuses boost take-home significantly at each level.
1. Teller / Customer Service Officer Salary
Role Summary
Tellers and customer service officers handle deposits, withdrawals, account openings, inquiries, and resolve minor issues. They represent FirstBank’s first point of contact with customers.
Compensation & Benefits
Base Salary: ₦160,000 – ₦200,000
Transport Allowance: ₦30,000 – ₦60,000
Feeding Subsidy: ₦15,000 – ₦30,000
Airtime/Data Allowance: ₦5,000 – ₦15,000
Health Insurance (HMO Coverage)
Pension/Gratuity Contributions
Total Take-Home
With allowances included, take-home pay ranges between ₦180,000 and ₦250,000 monthly.
2. Relationship / Credit Officer Salary
Role Description
Relationship officers manage customer accounts, offer loan products, and support retail or SME banking. They maintain client relations while driving sales.
Salary & Perks
Base Salary: ₦250,000 – ₦350,000
Transport Stipend: ₦60,000 – ₦120,000
Feed/Hospitality: ₦20,000 – ₦60,000
Airtime/Data: ₦10,000 – ₦20,000
Monthly Target Bonus: ₦20,000 – ₦100,000
Total Monthly Pay
Expected take-home is ₦300,000 – ₦450,000, depending on performance.
3. Branch Supervisor / Team Lead Salary
Role Insight
These professionals manage teller teams, support branch leadership, ensure compliance, and maintain daily operations.
Compensation Package
Base Salary: ₦350,000 – ₦550,000
Transport Subsidy: ₦100,000 – ₦200,000
Housing/Utility Allowance: ₦50,000 – ₦100,000
Client Hospitality Fund: ₦50,000 – ₦100,000
Performance Bonus: ₦50,000 – ₦200,000 quarterly
Monthly Take-Home
Total take-home pays between ₦400,000 – ₦650,000 monthly.
4. Branch Manager Salary
Role Highlights
Branch managers oversee profit and operations, manage staff, build customer relationships, and represent leadership locally.
Salary & Benefits
Base Pay: ₦600,000 – ₦900,000
Car Allowance or Official Car: ₦150,000 – ₦300,000
Housing/Utility Stipend: ₦100,000 – ₦300,000
Client Hosting: ₦100,000 – ₦200,000
Performance Bonus: ₦200,000 – ₦500,000+/year
Estimated Total Earnings
Monthly take-home is typically ₦700,000 – ₦1,200,000.
5. Area / Zonal Manager Salary
Role Overview
They oversee multi-branch zones, manage large teams, enforce compliance, and report to executive management.
Compensation Portal
Base Salary: ₦900,000 – ₦1,300,000
Vehicle Funding or Allowance: ₦300,000 – ₦500,000
Housing / Utility Stipend: ₦200,000 – ₦400,000
Zone Incentives: ₦300,000 – ₦700,000+/year
Leadership Development Funds
Total Compensation
Monthly take-home is ₦1,000,000 – ₦1,800,000+.
6. Department Head / Specialist Salary
Role Summary
Heads of departments drive strategy in risk, marketing, tech, treasury, etc. They lead talented teams and report to the executive committee.
Salary & Benefits
Base Pay: ₦1,400,000 – ₦2,200,000
Exec Car/Housing Stipend: ₦300,000 – ₦600,000
Annual Performance Bonus: ₦500,000 – ₦1,500,000+
Project Budget & Leadership Tools
Monthly Take-Home
Monthly pay ranges between ₦1,600,000 – ₦3,000,000+.
7. Executive (C-Level) Compensation
Role Overview
Includes CEO, COO, CFO, CTO, CMO—senior roles with strategic responsibilities and oversight.
Compensation Package
Base Salary: ₦3,000,000 – ₦6,000,000+ monthly
Stock Options / Equity
Car & Housing Allowances: ₦500,000 – ₦1,000,000
Comprehensive Insurance (Family Covered)
Annual Bonuses: Often 20–50% of base salary
Retirement & Car Benefit Plans
Total Package
Executive compensation can climb to ₦4,000,000 – ₦10,000,000+ monthly, including bonuses and equity.
Allowance & Benefit Summary
| Allowance Type | Range (₦) / Details |
|---|---|
| Transport / Vehicle | ₦30,000 – ₦500,000 |
| Housing / Utility | ₦50,000 – ₦600,000 |
| Feeding / Client Hospitality | ₦15,000 – ₦200,000 |
| Airtime / Data | ₦5,000 – ₦20,000 |
| Executive Car | Provided to managers and above |
| Health Insurance (HMO) | Full for staff and families |
| Pension Contributions | Statutory for all staff |
| Performance Bonuses | Monthly, quarterly, annual |
| Career Development Budget | Training, workshops, study leave |
| Staff Loans | Housing, Car, Personal loans |
| Equity / Retention Bonuses | For executives and senior staff |
Bonuses & Career Progression
Bonus System
FirstBank offers:
Monthly or quarterly performance bonuses
End-of-year “13th salary”
Branch incentives
Spot awards and recognition schemes
Promotion Path
Typical career ladder:
Teller → Customer Service
Relationship / Credit Officer
Supervisor / Team Lead
Branch Manager
Area / Zonal Manager
Department Head
Executive Level
Promotions are based on KPI performance, leadership, education (CIBN, MBA), compliance standards, and peer feedback.
Cost of Living Comparison
Here’s how FirstBank salary matches up with Lagos/Abuja living costs:
| Role | Take-Home (₦) | Monthly Expenses (₦) | Comfort Level |
|---|---|---|---|
| Teller / CSO | 180k – 250k | 90k | Basic but secure |
| Relationship Officer | 300k – 450k | 150k | Comfortable, some savings |
| Branch Supervisor | 400k – 650k | 200k | Very comfortable |
| Branch Manager | 700k – 1.2m | 300k | High lifestyle, investments possible |
| Zonal Manager | 1m – 1.8m | 400k | Luxury lifestyle and investments |
| Dept Head | 1.6m – 3m | 500k | Secure lifestyle with savings |
| Executive | 4m – 10m+ | 700k+ | Top-tier, asset-building |
Pro Tips: Navigating FirstBank Salary
Ask About Allowances Early – Don’t forget car, housing, feeding perks
Showcase Achievement – Use statistics to prove targets met
Get Certified – CIBN, Risk, Management training
Build Relationships – Strong internal network boosts visibility
Lead Projects – Great way to stand out for promotion
Clarify Review Cycles – Know when salary increments and promotions happen
FAQs – First Bank Salary Structure & Allowance
What do tellers earn at FirstBank?
Total monthly income is between ₦180,000–₦250,000 (2025).
Do relationship officers get car allowance?
Yes, transport stipend ranges from ₦60,000–₦120,000 for these roles.
Are branch managers well paid?
Yes. Total monthly income is ₦700,000–₦1,200,000+ depending on performance.
Is there house allowance for zonal managers?
Yes, housing/utility allowance ranges from ₦200,000–₦400,000.
Can executives earn over ₦10M monthly?
Yes — with base, bonuses, and equity options, total compensation can exceed ₦10 million per month.
Final Thoughts: First Bank Salary Structure & Allowance (2025)
The First Bank salary structure and allowance for 2025 balances tradition with modern workplace needs. From decent teller earnings to top-tier executive compensation, First Bank supports career growth and performance-based rewards.
Use this guide to prepare for interviews, promotions, or internal negotiations—you’ll enter discussions armed with industry-standard salary ranges, allowance details, and cost-of-living insight.