For quite some time now, Nigeria’s industrial sector keeps growing. A lot of individuals who never believed they could earn up to six figures monthly are earning even more all thanks to different industries springing up in different parts of the country. These industries comprise oil companies, banks, telecommunications companies, consumer goods manufacturers, among others.
It is the dream of every Nigerian to land a job in any of the high paying jobs, because a high paying job meant a higher standard of living. This is why many people search for high paying companies in Nigeria. If you are one if them, be rest assured that we have prepared only the highest paying companies based on analysis, statistics, work force and staff strength.
Top 10 Highest-Paying Companies In Nigeria
Here are ten are the top-10 highest-paying companies in Nigeria As of November 2023:
1. Chevron
Salary scale of oil companies like chevron is the reason why many Nigerian youths dream of working in an oil company. They generally pay high because oil has a very high price in the international market. Apart from providing its workers a huge paycheck, Chevron also offers benefits like world recognition, health insurance, opportunity to grow in the job through the sponsoring of international courses. Based on level of experience and job description, Chevron staff earn as high as two to twenty million naira annually.
2. Total Energies
Total energies is a subsidiary of a multinational oil and gas company. The company has been in Nigeria since the days of the search for oil in Nigeria. Total Nigeria mainly deals with the marketing and distribution of petroleum and its products. Since the company is based on the sale of the products of crude oil, it is no wonder its mid level staff earn up to a million Nara plus per year.
3. Shell BP
Shell is another top and leading oil and gas company in Nigeria. The company also has a joint venture with top companies like; The Petroleum Nigeria Limited (TEPNG), Nigerian National Petroleum Corporation (NNPC), Total and Agip Nigeria. Being an oil company, Shell’s junior staff receive as high as one million to six million naira per year depending on position, level and job description.
4. Nestle Nigeria
Nestle is a globally recognized brand of food manufacturer. The company is known for employing workers in virtually all disciplines and areas. Nestle is also known for taking good care if its staff which is another reason Nigerian youths seek job in the establishment in thousands. Apart from paying as high as one million to five million naira annually to its junior workers alone, Nestle also offers mouth watering benefits like health insurance, vacation trips, paid courses etc. to its workers.
5. MTN
MTN is a South African based telecommunications company. It is by far the most recognized telecom operator in Nigeria. It provides services in the telecommunications technology sector. Being a network operator, the company has a good source of revenue and pays its staff well. In fact, it was the highest paying company in Nigeria in 2021. Salary scale of an MTN staff can run as high as 1.2 million naira monthly based on years of experience and job description.
6. Exxon Mobil
Exxon Mobil is another leading oil company in Nigeria. It was established in 1822, during the period of the search for oil in Nigeria. The company specializes in the exploration, manufacturing, transportation, distribution and sale of crude oil and its products. The companies diversity gives it a leverage to pay its workers high.
7. The Nigerian Civil Service
The Nigeria Civil Service is the engine room/strong tower of the Nigerian government. It comprises civil servants in various departments. Without civil servants, the administration of a government in Nigeria will not function properly, hence why it is regarded as the engine room. For the Nigerian civil service, pay increases as a worker grows in level. This is why a director in the civil service earns as high as 300,000 naira and above monthly, which is close to four million naira per year.
8. Andela
Andela is a top tech company in Nigeria and headquartered in New York, USA. The company trains talented developers and help to connect them with big jobs. The company also receives sponsors from big companies like Facebook etc. This company is also loved because it pays its developers in dollars. This is why it is ranked among the highest paying companies in Nigeria. An average worker in Andela can earn as high as N2.9 to N3 million naira per year.
9. Lafarge
Lafarge is a giant cement producing company recognized not only in Nigeria, but Africa at large. The company is a close competitor with Dangote cement. apart from being a giant cement manufacturing company, Lafarge also pays it workers well. An average worker in Lafarge earn about N17.54 million naira annually.
10. Central Bank Of Nigeria
Central Bank of Nigeria (CBN) is the apex monetary authority in Nigeria. It functions includes; printing and issuing of bank notes, ensuring monetary and price stability, promoting a sound financial system and a host of others. Since the organization specializes in monetary and financial services, it is no wonder it is on the list of highest paying companies in Nigeria. Apart from a high salary, workers also enjoy benefits like pension, continuous promotion which lead to salary increment, among others. An entry level staff of CBN earns around 1.5 million naira annually, while a manager can earn around N508,935 naira monthly.