Highest paying oil companies in Nigeria or highest paying companies in Nigeria is a search that every job seeker starting a career would want to know first in order to narrow their job search experiences. As a Nigerian student, before graduating from the university, you will aim to get a good job that pays well or work in one of the highest paying companies in Nigeria so that you can quickly consider your application. But then, what if you don’t know the companies that pay well and their salary range, how then would you be able to apply, get the job, and get paid well?
This is why we have decided to write this article and list out some of the Highest paid companies in Nigeria and how much they pay their staff/workers to narrow down your search.
However, before you talk about a company being the highest paying, they are many things you have to look out for. Some of the things that qualify a company to be among the highest paying include;
– The ratio of employees earning high salaries to those earning low salaries, is based on the total number of employees.
– The overall annual capital outlay for salaries alone is another factor.
– The organizational structure and hierarchy of the companies, statistics on promotions, and differences in remuneration based on organogram positions are other factors to take into account.
– The entire annual allowances allotted to certain employees, outside the basic salary, should also be taken into account.
Without wasting much time, let’s get down to the business of today which is listing out the top 10 highest-paid companies in Nigeria.
Top 10 Highest Paying Companies in Nigeria
Below are the top 10 highest paying companies in Nigeria for fresh graduates and experienced employees.
1. ExxonMobil
Currently, the highest paying company in Nigeria is ExxonMobi. The business is an American global oil and gas corporation with a focus on the exploration and production of natural gas and crude oil.
Entry-level and junior employees at ExxonMobil make between N3.6 million per year and upward. The company has subsidiaries such as Mobil oil among other investments. ExxonMobil is also the highest paying oil company in Nigeria in case you are looking for an oil and gas company to start your career.
2. Shell Petroleum Development Company (SPDC)
Shell is another highest paying company in Nigeria and a very popular one for that matter. Just like ExxonMobil, Shell is also into the oil and gas industry with a good salary even for starters. Shell is also the highest paying oil company in Nigeria to begin your career.
The Nigerian National Petroleum Corporation (NNPC), the Nigerian Agip Oil Company (NAOC), Total Exploration, and Petroleum Nigeria Limited are partners in a joint venture with Shell (TEPNG).
Entry-level and junior personnel receive salaries ranging from 1.6 million Naira to 6 million Naira annually, depending on their position.
3. Chevron
Some years ago, Chevron was number one on the list of the top-paying companies in Nigeria.
However, today, ExxonMobil and Shell Corps have taken that top position but then Chevron still pays very well which is why it is still among the top 4 list of the highest paying company in Nigeria.
But then, it is also hard to get employed in this company because it is very competitive and has a low employment rate.
The business pays its workers an hourly wage. The job description determines your income, and there are also enticing work benefits included. Chevron pays on average, 2 to 25 million Naira annually.
4. Total Nigeria Plc.
It shouldn’t be a surprise to you that most of the highest paying companies in Nigeria Total Nigeria happen to be among them in the oil and gas sector.
Total Nigeria is another petroleum company that specializes in the marketing of petroleum and petrochemical products.
The company is 50 years of age at the time of writing this article. Mid-level employees at Total might make up to 12 million Naira annually. However, this does not include pump attendants.
5. International Business Machines (IBM) Nigeria
Finally, we have a company on our list that is also among the highest-paying company in Nigeria but it is not under the oil and gas sector.
International Business Machines (IBM) is an American-based software and hardware development multinational company that pays very well. The company is into the manufacture of computer hardware, software, and middleware.
IBM Nigeria provides hosting, cloud technology, and consultancies, among other things. The corporation pays new hires N500,000 Naira a month, while it pays existing employees N750,000 Naira a month which amounts to an average of N6,000,000 annually.
6. Nestle Nigeria
Nestle Nigeria is a popular food manufacturing company that is originally situated in South Africa but has a brand in Nigeria. Unlike every other company, working as a Nestle Nigeria staff comes with many benefits such as;
- Insurance
- Vacation
- Trips, etc
Their first-level employees have compensated annually between 1 million and 2.5 million Naira. However, their sales managers can make up to 6.27 million Naira annually.
7. Nigerian Civil Service
This is another high-paying job in Nigeria with the benefit of security from the federal government. How much the Nigerian Civil service staff gets pays depends on different factors especially the position of the person in context.
For school leavers, you can get paid up to N242,994 per year if you are employed in the service on Level 4 Step 1. It is a good place to begin a career and serve your nation in the process.
8. Nigerian Breweries
Its no doubt that the consumption of both alcoholic and nonalcoholic drinks is high in Nigeria which is why the Nigerian Breweries company is among the top 10 highest-paying companies in Nigeria.
The Nigeria Breweries is in charge of the manufacture and sale of both alcoholic beverages and non-alcoholic drinks. For starters, you can earn up to N800,000 Naira per year plus other benefits.
9. KPMG
The KPMG company is a company in Nigeria that offers tax auditing and advisory services, they are also among the highest paying companies in Nigeria.
The salary you will receive as a KPMG staff depends on your level however, KPMG pays up to 1 million Naira per month.
10 Oracle Nigeria
Oracle Nigeria is a branch company of the Oracle Corporation headquartered in Redwood City, California. The company is also into manufacturing and selling database software and technology, cloud-engineered systems, and enterprise software products.
Fresh graduates can earn up to one million Naira per month from the company, and country directors can earn between four and eight million Naira.
Oracle Nigeria provides its employees with other perks in addition to this attractive income, like travel reimbursements and health insurance.
Top 10 Highest Paying Oil Companies In Nigeria In 2023
Below are the highest paying oil companies in Nigeria for fresh and experienced employees.
| Rank | Company Name | Annual Average Salary (AAS) |
|---|---|---|
| 1. | SHELL | ₦11,200,000 |
| 2. | Chevron | ₦9,600,000 |
| 3. | ADDAX | ₦9,600,000 |
| 4. | NNPC | ₦9,000,000 |
| 5. | AGIP/NLNG | ₦8,600,000 |
| 6. | Mobil | ₦8,350,000 |
| 7. | Total | ₦7,800,000 |
| 8. | SAPETRO | ₦7,500,000 |
| 9. | SEPLAT | ₦6,700,000 |
| 10. | NAOC | ₦5,600,000 |
In A Nutshell;
ExxonMobil is the highest paying company in Nigeria as of today in the oil and gas industry. The business is an American global oil and gas corporation with a focus on the exploration and production of natural gas and crude oil.
In case you are looking for the highest-paid company in Nigeria, you can always run to this article because we will keep updating it and also add more companies to the list.
However, the companies we have mentioned here are the top 10 highest-paid companies in Nigeria. Take your time and go through it and apply for whichever suits you.
