Top 10 Highest Paying Companies In Nigeria (2021)

Which companies are the highest paying companies in Nigeria? Different companies pay different amounts of salary to their employees. In other words, different institutions have different pay scales for their employees. The pay amounts are usually different depending on the position and level of an employee in an organization.

What a junior staff member earns monthly will almost certainly not be more than what a member of the board of directors earns, as the member of the board of directors holds a higher position than the junior staff.

A worker may also hold more than one position in an organization, in which case he or she will be paid more than if they only held one position. Every employee’s goal should be to outperform their previous monthly performance and to exceed the required threshold of performance mandated by every employee.

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Top 10 Highest Paying Companies In Nigeria

1. Chevron

Chevron is a major player in the oil and gas industry. Chevron Nigeria, in addition to oil exploration, also manufactures and sells petroleum products. Without a doubt, they are one of Nigeria’s highest-paying oil and gas companies, as well as a company in general.

Chevron is a well-known company in Nigeria, and it provides its employees with numerous benefits such as a large paycheck, name recognition, and attractive work benefits at the end of the month. Chevron employees earn between two and twenty-five million naira per year, depending on their level, experience, and job description.

2. Total

Total is one of the highest paying companies in Nigeria. Total is a subsidiary of one of the multinational oil and gas companies. Total was founded in 1965, so it is not a new company. As a result, Total has had time to mature, develop, and expand. Total is a company that specializes in the marketing of petroleum and petrochemical products.

It is a well-known company around the world, and it provides its employees with numerous benefits such as a large paycheck, word recognition, and attractive work benefits at the end of the month. Total’s mid-level employees can earn up to one point two million naira per year.

3. Nestle

Nestle is one of Africa’s largest food manufacturing companies. Nestle takes good care of its employees, providing them with numerous benefits such as health insurance, vacation trips, work benefits, and so on. Nestle is one of Nigeria’s highest-paying corporations.

Nestle pays entry-level employees between one million and two million naira per year. Nestle managers can earn up to 6.5 million naira per year, while production supervisors can earn up to 5 million naira per year.

4. Shell Petroleum Development Company (SPDC)

Shell petroleum development company, also known as Shell, is without a doubt one of the most powerful companies in the oil and gas industry. Shell Petroleum Development Company has a joint venture with the following companies: Petroleum Nigeria Limited (TEPNG), Nigerian Petroleum Corporation (NNPC), Total Exploration, and Nigerian Agip Oil Company (NAOC).

Entry-level employees at Shell Petroleum Development Company earn between one and six million naira per year. Junior employees in Shell Petroleum Development Company received the same range, but it differed depending on their position and level.

5. Exxon Mobil Nigeria

In 1822, Exxon Mobil Nigeria was founded. The company has been involved in the energy industry since its inception. Exxon Mobil Nigeria also conducts crude oil and natural gas exploration. Not only that, but Exxon Mobile also manufactures petroleum and petrochemical products.

Exxon Mobil Nigeria is a company that transports crude oil and natural gas. In Nigeria, ExxonMobil is well-known for selling petrochemical and petroleum products. In summary, Exxon Mobile works in two directions: upstream and downstream.

Exxon Mobile engages in the exploration of gas and crude oil upstream, and the company manufactures and sells petroleum products downstream.

6. The Nigerian civil service

The Nigerian civil service is another high paying company in Nigeria. The Nigerian government thrives on the civil service, as the civil servant is in charge of government administration. As a result, the Nigerian civil service can be regarded as the government’s engine room.

No government can exist without the effective contributions of the civil service. As a result, there is a pressing need to lavishly reward civil servants for their efforts in the civil service. According to the National Services and Wages Commission, a director in the civil service is paid around 300,000 naira or more per month, for a total annual salary of close to four million naira.

7. MTN Nigeria

MTN is Nigeria’s most popular communication network. MTN is by far Nigeria’s largest mobile operator. Its influence and impact on information and communication technology are obvious. MTN’s job is to provide cellular service to Nigerians.

Empty and Nigeria are both subsidiaries of the MTN group. MTN Group is a South African telecommunications company headquartered in Johannesburg. MTN Nigeria adequately compensates its employees, offering salaries of up to one million Naira per month.

8. KPMG

KPMG is a global network of professional services firms. KPMG offers tax, auditing, and advisory services. It also assists industries and organizations in negotiating risk and performance in this fast-changing world.

KPMG provides numerous benefits to its employees, including a large paycheck and attractive work benefits at the end of the month. KPMG pays up to one million naira per month, depending on the position and level of experience.

9. The Central Bank of Nigeria

CBN is the apex regulatory body for the Nigerian banking and money market. Its headquarters are in Abuja, and its sole mission is to be one of the most efficient and effective central banks in the world, promoting and sustaining economic development. 

10. Procter and Gamble (P&G)

Procter and Gamble is one of the world’s largest Fast Moving Consumer Goods companies, with well-known brands such as Pampers, Ariel, Always, Gillette, and Oral B.

Proctor and Gamble have been in business for 189 years worldwide and for 24 years in Nigeria. They have a good salary structure/scale and pay up to one million naira per month depending on position and years of experience.

Conclusion

As previously stated, it is widely assumed that oil and gas companies pay more than other companies in other sectors of the economy, so the salaries, benefits, and bonuses offered by those companies to their employees cannot compete with those offered by oil companies.

Some of these oil companies are, as previously stated, SPDC, Total, Exxon Mobil, Chevron, NNPC, NLNG, and others. It is widely assumed that they provide salaries, bonuses, and other monetary benefits to their employees.

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