If you are looking to build a career in the banking sector, knowing the First Bank of Nigeria (FBN) Salary Structure in Nigeria can provide you with valuable insights into what to expect with FBN or any other bank in Nigeria..

A prestigious career within the Nigerian banking system inclines towards the First Bank of Nigeria (FBN) as one of the top employers. Founded in 1894 FBN has become known for its stability, legacy and growth making it favorable for many professionals. 

First Bank job seekers keen on understanding what First Bank pays its staff should take a closer look at the salary structure.

This detailed article will assist you in understanding the salary structure of the First Bank of Nigeria employees with a focus on entry level positions, mid-level roles, management level positions and their salaries in 2025 and beyond. 

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Why Work at First Bank of Nigeria?

But before we delve into the First Bank of Nigeria (FBN) Salary Structure in Nigeria, it is wise to understand the core pillars that makes FBN successful in attracting top talents within the banking industry. 

• Professional Growth: With a legacy spanning well over a century, FBN aids in career development and growth along with learning within The financial industry of Nigeria.
• Competitive Salaries and Benefits: Bonuses, allowances, medical benefits and more are ways in which FBN attracts potential candidates.
• Job Stability: FBN is one of the topmost stable banks within the financial institutions of this country providing their employees with peace.
• Work-Life Balance Policies: FBN supports its employees with policies that promote a good work-life balance, such as vacation allowances and flexible leave options.

An Overview of First Bank of Nigeria (FBN)

A international bank and financial services corporation with its headquarters in Lagos, Nigeria, First Bank of Nigeria is also referred to by its acronym, FBN. 

FirstBank has established itself as a leader in the Nigerian banking business, with a significant presence in West Africa and a growing presence in other parts of Africa. 

The bank has been in operation for more than 125 years, making it one of the most experienced financial institutions in Nigeria.

Read more about .First Bank of Nigeria

First Bank Salary Structure 2025

1. Graduate Trainees

Through the Graduate Trainee Program, the bank is able to hire new employees who will later turn into Graduate Trainees. This program is set to prepare younger professionals in the field for the banking world.

Monthly Salary: During the three to six month trainee period, the graduate trainees will earn ₦80,000 naira to ₦120,000 naira a month.

After Confirmation: After completion of the training, the graduate trainees are hired as employees of the bank and their monthly salary increases to ₦120,000 to ₦150,000 naira per month.

2. First Bank Entry Level Staff Salaries

These employees work on a full time basis. Each member working in this category handles different functions including operations and customer service in the bank.

Monthly Salary: Entry level employees are paid between ₦120,000 and ₦150,000 naira monthly.

3. Banking Officers Salaries

Staff in this level have 2 to 4 years of experience and are tasked with supervision of minor banking operations as well as working with customers.

Monthly Salary: Banking officers have a salary range of ₦200,000 to ₦300,000 naira a month.

4. First Bank Senior Banking Officers Salaries

These are banking officers who have excelled in their skills and experience, and are expected to be in the leading position.

Monthly Salary: Senior banking officers earn between NGN 300,000 and NGN 500,000.

5. First Bank Managers 

Inside the bank, managers are charged with the supervision of particular departmental divisions, branches, or specialized units in the bank, all with the aim of facilitating the growth of the bank and ensuring operations are conducted efficiently. 

Monthly Salary: Every month, managers of First Bank receive an estimated salary ranging from ₦ 600, 000 to and ₦1, 000, 000 based on their experience and their position in the bank. 

6. Executive Roles 

At the First Bank, the most important job titles are those of General Managers, Directors, and Managing Directors which are all part of the executive roles. Their job is to devise strategies that help the bank achieve its overall objective of continued prosperity. 

Monthly Salary: Executives earn not less than NGN 2, 000, 000 and some can earn up to ₦5,000,000. 

Additional Benefits and Allowances Working with FBN 

In addition to other opportunities, First Bank provides its employees with many other benefits as well as allowances. Some of those include: 

• Housing allowance: Employees especially in urban centers such as Lagos and Abuja receive housing allowances to cover accommodation costs. 
• Transportation Allowance: FBN makes it easier for their employees to work with a monthly transportation stipend for some level of staff.
• Medical Coverage: FBN offers comprehensive health insurance for their employees, their spouses, and their children. 
• Pension Contributions: First Bank makes contributions on behalf of employees to their pension accounts so they can retire comfortably.
• Performance Bonuses: Employees can receive bonuses that boost their earnings at the end of the financial year. 
• Tuition Reimbursement and Other Developmental Aid: The bank supports its employees in their career development by covering the expenses of certifications and training. 

What Factors Determines the Salary Scale at First Bank

Many reasons contribute to the salary grading systems in First Bank. They include but are not limited to the following:

• Experience: An employee will get greater remuneration for more years spent in the bank. 
• Job Role: More specialized and higher level positions are associated with greater pay. 
• Geographic region: Salaries in major cities like Lagos and Abuja are higher because of inflation. 
• Job efficacy: Receiving exceptional evaluations while meeting key performance indicators (KPIs) is rewarded with salary increases and bonuses. 
• Academic level: Higher degrees and additional credentials usually mean higher pay grades. 

Final Thoughts on First Bank of Nigeria (FBN) Salary Structure in Nigeria (2025)

First Bank of Nigeria is one of the most sought after employers in the Nigerian banking sector as they offer competitive benefits and salaries to employees. 

The salary structure may differ from one individual to the other, but on average this article gives insight into what to expect. 

First Bank is a great place for graduates and seasoned professionals alike as their career path is coupled with monetary compensation, which further aids in their personal growth and development. 

For anyone interested in the banking industry, First Bank continues to serve as one of the premier institutions for career success. 

FAQs – First Bank of Nigeria (FBN) Salary Structure in Nigeria (2025)

How much is the First Bank staff salary in Nigeria?

According to data fro Glassdoor, a Relationship Manager may earn Salaries ₦ 290,000 to  ₦682,000, while a Customer Service Representative  earns between  ₦100,000 to ₦ 225,000 on average. 

How much is the First Bank of Nigeria graduate trainee salary?

First Bank Executive Trainee Salaries are usually between   ₦138,000 to   ₦369,000 as stated by Glassdoor.

How much is a banking assistant salary in First Bank?

Assistant Banking Officer at FBN earns between ₦371,000 to ₦551,000 

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