For anyone looking to start a banking career in Nigeria, Union Bank of Nigeria, established in 1917, is one of the oldest respected banks in the country. Union Bank has survived a century of economic turmoil in Nigeria and is still one of the major banks in Nigeria today.
After Titan Trust Bank merged with Union Bank, and they both continued operating using the merged Union Bank name, the company has expanded even more and is able to hire even more staff.
If you are looking for a job at Union Bank, the most important question you would probably have is: How much does Union Bank pay?
This guide reveals the Union Bank of Nigeria salary for 2026 for different levels of the bank, from employees to executives, benefits and promotion options, and how Union Bank of Nigeria pay and benefits compare with other banks.
See: Signature Bank Salary Structure in Nigeria (2026) – Complete Pay Scale & Benefits
Union Bank of Nigeria Overview
Union Bank of Nigeria (UBN) was established in 1917 and is one of Nigeria’s most established and esteemed banks, providing several banking options for people and businesses. As one of the oldest banks, Union Bank of Nigeria is known for being safe and for providing innovative banking options.
Today, Union Bank of Nigeria’s merger with Titan Trust Bank has offered Union Bank of Nigeria more capital base and more options to grow in the future. This merger enhanced Union Bank’s ability to offer competitive compensation packages to attract and retain top talent in an increasingly competitive banking sector.
How Much Is Union Bank’s Entry Level Salary?
Union Bank pays entry-level staff an estimated monthly salary of ₦350,000 to ₦450,000
This places Union Bank among the top 10 best-paying banks in Nigeria for entry-level staff. The bank also offers substantial upfront allowances during the confirmation period, making the overall compensation package even more attractive for new graduates.
What Is the Salary of Bank Staff in 2026?
Bank staff salaries in Nigeria for 2026 vary widely depending on role, experience, and the specific bank.
For Union Bank specifically, here is a comprehensive breakdown of salaries across different levels:
Graduate Trainee / Executive Trainee at Union Bank
| Position | Estimated Monthly Salary (NGN) |
| Graduate Trainee | 250,000 – 300,000 |
| Executive Trainee | 347,000 |
The Union Bank Graduate Trainee Programme is designed to provide young professionals with the opportunity to learn technical and soft skills from a world-class organization through training and on-the-job experience.
Employees have described it as having “one of the best remuneration packages in the industry right now,” with the graduate trainee program being “very comprehensive and well designed, thereby shaping your future career”.
Assistant Banking Officer
| Position | Estimated Monthly Salary (NGN) |
| Assistant Banking Officer | 360,000 |
Assistant Banking Officers at Union Bank earn approximately ₦360,000 per month, which is higher than many competitors at this level.
Banking Officer
| Position | Estimated Monthly Salary (NGN) |
| Banking Officer | 400,000 – 500,000 |
Banking Officers at Union Bank earn competitive salaries that position the bank favorably against industry peers.
Senior Banking Officer
| Position | Estimated Monthly Salary (NGN) |
| Senior Banking Officer | 530,000 – 650,000 |
Senior Banking Officers enjoy significantly higher compensation as they take on more responsibilities and contribute to the bank’s growth.
Assistant Manager
| Position | Estimated Monthly Salary (NGN) |
| Assistant Manager | 781,000 – 900,000 |
Assistant Managers at Union Bank are well-compensated, with salaries competitive with other top banks in Nigeria.
Branch Manager
| Position | Estimated Monthly Salary (NGN) |
| Branch Manager | 900,000 – 1,500,000 |
Branch Managers oversee daily operations and are responsible for driving profitability at the branch level.
Regional Manager
| Position | Estimated Monthly Salary (NGN) |
| Regional Manager | 1,500,000 – 3,000,000 |
Regional Managers oversee multiple branches and are critical to the bank’s expansion strategy.
A typical bank regional manager working in Nigeria brings home around ₦761,116 a month before tax, with entry-level pay starting near ₦4,654,300 annually and reaching roughly ₦14,038,300 for the most experienced and specialized professionals.
Executive Management
| Position | Estimated Monthly Salary (NGN) |
| Director | 2,500,000 – 4,000,000 |
| Executive Director | 4,000,000 – 6,000,000+ |
| Managing Director/CEO | 7,000,000 – 15,000,000 |
Executive management at Union Bank earns compensation packages that are competitive with other top Nigerian banks. Average annual earnings for an Executive Director in Nigerian banks now stand at ₦50 million, with the top 10 per cent earning ₦70 million and above.
How Much Does Union Bank Pay Staff?
Union Bank pays its staff competitively across all levels. In 2026, following significant salary increases across the board, the bank cemented itself as one of the highest-paying banks in Nigeria.
Union Bank Employee Benefits & Perks
Union Bank famously cares for its employees beyond a competitive base salary. Union Bank aims to attract and retain talent and have a robust offerings package for employees.
Wellness Programs: Union Bank has several employee wellness initiatives, one of the most inclusive and geographically diverse bank wellness programs available is Fitfeb (February) 2026.
As part of Fitfeb Bank employees participated in stretch sessions, health workforce webinars, and aerobic sessions that were offered throughout the day at their respective branches.
To culminate the month there were healthy parties in Lagos, Abuja, Port Harcourt, and Enugu.
Maternity Leave & Childcare: Union Bank breaks the mold in the banking sector by creating a new banking standard for maternity leave. Offer is five months of fully paid maternity leave.
Competitive Remuneration: Union bank offers one of the best remuneration packages in the banking sector, paying competitive salaries to industry-leading banks near and above the salary thresholds of their peers.
Professional Development: Union Bank creates opportunities for young professionals to develop through their Graduate Trainee Program, an easily accessible bank sponsored initiative.
Performance Bonuses & Incentives: Base salaries are complemented by profit sharing and 13 month payments.
Pension and Gratuity: Employees benefit from structured pension schemes and gratuity payments upon retirement or exit.
Medical Benefits: Yearly medical benefits, including health insurance coverage, ensure that employees and their families are well-protected.
Factors Influencing Salaries at Union Bank
Here are some principles used to devise Union Bank’s salary architecture:
1. Job Role
The disparity between entry level and managerial pay scales is significant.
2. Experience and Credentials
Staff with ICAN, ACCA, CFA, MBA and other postgraduate and professional certifications earn more at Union Bank.
3. Work Performance
Employees who perform exceptionally well are awarded in the form of pay rise, bonuses and promotions.
4. Location
The cost of living and presence of business activities in Abuja and Lagos necessitate higher pay to staff in these cities.
5. Role type
Salary scales in Union Bank are higher for roles in investment banking, treasury, risk management, and information and communication technology.
6. Economic Forces
Inflation and other macro-economic factors of Nigeria and the competition for skilled workforce in the banking sector will inform salary projections for Union Bank in 2026.
Conclusion
2026 salary projections at Union Bank place entry level salaries at between ₦250,000 and ₦300,000 monthly and Executive Trainees at ₦347,000, while mid-level staff salaries are between ₦560,000 and ₦750,000. The packages for Union Bank executives are in the multi millions of naira.
Apart from their competitive salaries, staff are guaranteed career growth, insurance and wellness programs, and the prestige of working for one of the oldest, and most respected banks in Nigeria. Therefore, Union Bank is a major player in the Nigerian Banking Industry.
Disclaimer: Salary figures in this article are estimates based on industry benchmarks, employee reports, and market research. Actual salaries may vary based on individual qualifications, experience, performance, and specific job roles. For the most accurate and current information, please contact Union Bank directly or refer to official job postings.
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