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Highest Paying Companies in Nigeria

Every Nigerian graduate dreams of securing a job from one of the leading companies in Nigeria. The highest paying companies in Nigeria are spread across different sectors including the oil and gas industries, the consumer goods sector, telecommunications, and the government sector. Even with the recent economic downtime, some companies in Nigeria still pay high salaries.

Best Paying Companies in Nigeria

The following are some of the highest paying companies in Nigeria.

1. ExxonMobil

ExxonMobil is an American multinational oil and gas company that specializes in crude oil and gas exploration and energy production. It is the highest paying oil companies in Nigeria. ExxonMobil Nigeria is operational in Nigeria and is among the highest paying companies in the country. ExxonMobil’s entry level and junior staff earn between 3.6 million Naira per year.

2. Shell Petroleum Development Company (SPDC)

The Shell Petroleum Development Company, popularly called Shell is a company in the oil and gas industry that pays its employees attractive salaries. It is the second best paying company in Nigeria.

Shell has a joint venture with the Nigerian National Petroleum Corporation (NNPC), the Nigerian Agip Oil Company (NAOC), Total Exploration, and the Petroleum Nigeria Limited (TEPNG). Depending on the job level, entry-level and junior staff are paid between 1.6 million Naira and 6 million Naira per year.

3. Chevron

Chevron is a popular multinational company in the oil and gas sector. Being one of the highest paying companies in Nigeria, getting a job with them is quite challenging. The company pays its employees on an hourly basis. Your paycheck is determined by the job description and is also accompanied by attractive work benefits. On average, Chevron employees earn about 2-25 Million Naira per year.

4. Total Nigeria Plc

Total is another company in the oil and gas sector operating in multiple countries including Nigeria. Total Nigeria Plc - a subsidiary of Total has been operating in Nigeria for over 50 years. It specializes in the marketing of petroleum and petrochemical products. Total’s mid-level staff earn up to 12 million Naira per year.

5. International Business Machines (IBM) Nigeria

International Business Machines (IBM) is an American based multinational company that does both software and hardware development. It manufactures and promotes computer hardware, software, and middleware. 

IBM Nigeria offers services such as hosting, cloud computing, and consulting services. The company pays its entry-level staff 500, 000 Naira per month, and existing staff receive 750, 000 Naira per month.

6. Nestle Nigeria

Nestle is a leading Food Manufacturing company in Africa with a branch in Nigeria. It one of the highest paying food manufacturing companies in Nigeria. Nestle’s hefty paycheck comes with a number of benefits such as Health Insurance, Vacation trips, etc. Their entry level staff is paid between 1 million Naira and 2.5 million Naira per year. On the other hand, their sales managers earn up to 6.27 million Naira per year.

7. Nigerian Civil Service

The Nigerian Civil Service is also among the top paying companies in Nigeria. Apart from attractive paychecks, the federal government offers job security. However, the amount of money you receive is determined by the department, ministry, or agency you are working in. For school leavers employed in the service on Level 4 Step 1 receive up to 242, 994 per year.

Read more: Profitable small business ideas in Nigeria.

8. Nigerian Breweries

Nigerian Breweries is a Nigerian brewery company that produces and sells both alcoholic beverages and non-alcoholic drinks. It is one of the highest paying companies in Nigeria with its entry-level staff earning about 800, 000 Naira per year plus other benefits.


KPMG is another highest paying company in Nigeria that offers tax auditing and advisory services. The company has an attractive paycheck plus other numerous benefits at the end of the month. Depending on the level of experience, KPMG pays up to 1 million Naira per month.

10. Oracle Nigeria

Oracle Nigeria is a subsidiary of the Oracle Corporation headquartered in Redwood City, California. Oracle specializes in developing and marketing database software and technology, cloud engineered systems, and enterprise software products. 

The company pays as high as 1 million Naira per month to fresh graduates and between 4 million Naira and 8 million Naira to country directors. Apart from this lucrative salary, Oracle Nigeria gives other benefits to its employees such as travel allowances, health insurance.

11. Ericsson Nigeria

Ericsson is a multinational IT company with a branch in Nigeria, Ericsson Nigeria. Ericsson Nigeria provides a wide range of services including software, fixed broadband, telecommunication, business support, video systems, etc. The starting salary of a new employee at Ericsson Nigeria is 450, 000 Naira per month.

12. MTN Nigeria

MTN Nigeria is the largest and one of the best paying telecommunication company in Nigeria originating from South Africa. Initially, MTN Nigeria used to pay very well but a change in the working conditions has led to a drop in the amount the company pays.

Currently, MTN Nigeria pays its Customer Care representative around 83, 000 Naira per month, project managers are paid up to 839, 000 Naira per year, and their Senior Management members are paid up to 12.4 million Naira per year.

Summary of the Highest Paying Companies in Nigeria

Getting your dream job in one of the highest paying companies in Nigeria requires exceptional skills and technical know-how on the job, necessary professional certification, excellent communication skills, and good negotiation skills. With this, you can confidently walk in an interview room of any of the above-mentioned companies.

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