The Salary Structure of Nigerian Export–Import Bank (NEXIM Bank) is an essential topic for job seekers and professionals looking to explore career opportunities in one of Nigeria’s leading financial institutions.
With regards to the strategic contribution in fostering foreign trade and supporting non-oil exports, NEXIM Bank has economically developed the country while offering considerable employment remuneration.
This post highlights the salary structure of NEXIM Bank while also describing the positions and benefits which make the Institution earnable in Nigeria.
Overview of NEXIM Bank
The Nigerian Export-Import Bank came into existence in 1991 taking over the functions of the Nigerian Export Credit Guarantee & Insurance Corporation. It operates as a development finance institution (DFI) with its core mandate focusing on the non-oil export sector as well as Nigeria’s global trade competitiveness.
NEXIM services include project financing, export credit, and other risk-bearing services. They are owned by the Federal Ministry of Finance and the Central Bank of Nigeria (CBN).
NEXIM Bank Salary Structure: What to Expect in 2025
NEXIM Bank has adopted a salary scheme common among government agencies which combines rational pay with lower starting levels and clear pathways for advancement.
Salaries for employees are set by at least: rank held, time in service, academic credentials, and other job-related duties.
NEXIM Bank’s Salary Range for Entry-Level Employees
Typically, a newly graduated banker at the bank is paid between ₦150,000 and ₦250,000 monthly. This amount might differ according to the position and the area where the job is situated.
Some of the Key Entry-Level Positions are:
- Banking Officers
- Tellers
- Customer Service Representatives
NEXIM Bank’s Mid-Level Salary Structure
The salaries of mid-level employees is between ₦400,000 and ₦700,000 monthly.
These roles often come with more responsibility, and employees are expected to manage teams, oversee departments, or handle important functions within the bank.
Mid Level Position Includes:
- Relationship Managers
- Senior Banking Officers
- Risk Management Officers
Employees at this level are often expected to have specialized knowledge, and their compensation reflects the advanced skill set and experience they bring to the table.
Senior-Level and Managerial Salary Packages
Salaries are relatively higher for senior employees and managers at NEXIM Bank when compared to junior employees.
Senior employees at the bank earn between ₦760,000 and ₦1,500,000 monthly, depending on their department and specific managerial level.
These individuals are usually responsible for high-level decision-making, strategic planning, and oversight management of big teams or departments.
High-Profile Positions Include:
- Managers
- Heads of Departments
- Senior Analysts
All senior level employees in NEXIM Bank have extensive experience, high-impact roles, and critical strategic influence in advancing the bank’s goals, operations, and vision.
Executive-Level Salary Structure at NEXIM Bank
Other members of the Executive team, along with the Managing Director, are within the most highly-paid professionals in the bank.
The salaries for executive-level positions are between ₦3,000,000 to ₦5,000,000 per month.
In these roles there is high responsibility, such as the bank decision and the strategic direction, the relationship with government departments, and the profitability of the bank.
Executive Level Roles include:
- Managing Director
- Deputy Managing Director
- Executive Directors
Allowances and Bonuses at NEXIM Bank
In addition to the base salary, NEXIM Bank employees enjoy several allowances and financial incentives. These may include:
- Housing Allowance
- Transport Allowance
- Meal Subsidy
- Medical Allowance
- Utility Allowance
- Performance Bonuses
Leave Allowances
These benefits can significantly increase the overall monthly take-home pay and improve employee welfare.
NEXIM Bank’s Salary Structure Compares with Other Banks
NEXIM Bank’s salaries are comparatively among the higher ones when compared against other banking institutions within Nigeria’s public sector, and also generally regionally public sector banks.
Relative to private sector banks, NEXIM’s salaries seem to be lower at the lower and middle level strata. Nonetheless, the accompanying benefits and allowances that NEXIM Bank offers makes it a viable proposition for employees oriented towards long-term stability, especially in the public sector.
Comparison with Other Government Banks:
Central Bank of Nigeria (CBN): CBN has higher remuneration for senior positions than NEXIM, but NEXIM offers better structured advancement in the hierarchy.
Bank of Industry (BOI): BOI’s remuneration is about the same as NEXIM employs, but NEXIM deals more on specialization on export financing.
Factors Influencing Salary at NEXIM Bank
Several factors determine an individual’s salary within NEXIM Bank. These factors include:
- Educational Background: Employees with advanced qualifications like a master’s degree or other professional qualification are likely to earn more.
- Experience Level: Possession of considerable length of relevant work experience in industry related activities like banking, finance, or even exports earns an employee more salary.
- Location: Employees based in major cities like Lagos or Abuja may earn higher salaries due to the higher cost of living in these areas.
- Performance: Employee performance takes a central role in what aids an employee being rewarded with promotions and salary increases.
Career Progression at NEXIM Bank Includes:
- Junior to Mid-Level Positions: Employees usually transition from a lower position to junior to mid-level roles within 3–5 years, with an increase in salary and responsibilities.
- Mid-Level to Senior-Level: Attainment of senior roles is normally achieved after 7–10 years, depending on a blend of factors such as performance, leadership skills, and strategic influence at the bank.
Conclusion on Salary Structure of Nigerian Export – Import Bank (NEXIM Bank)
The salary structure of Nigerian Export – Import Bank (NEXIM Bank) is tailored to provide remuneration to employees according to the individual’s level of experience, assigned duties, and contributions. NEXIM Bank has a competitive salary at the entry-level, mid-level, and senior, and executive positions which underscored the bank’s commitment to professional and career advancement.
In addition to the basic salary, the bank offers various benefits and allowances which enhances its appeal as an employer in the industry.
For prospective employees planning to join the NEXIM Bank, having knowledge of the salary structure alongside the offered benefits and potential for development is vital. NEXIM Bank strategically positions itself as a primary supporter of Nigeria’s economy and ensures that, regardless of experience, all applicants receive salaries that reflect their contribution.
FAQs – Salary Structure of Nigerian Export – Import Bank (NEXIM Bank)
Which ministry is Nexim under?
The Nigerian Export-Import Bank (NEXIM) is a joint venture, hence it is not under a single ministry. Its debt and equity are financed equally by the Federal Ministry of Finance and the Central Bank of Nigeria.
Who is the CEO of Nexim Bank?
Abubakar A. Bello is the Managing director/CEO of the Nigerian Export-Import Bank(NEXIM Bank)