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Average Chief Financial Officer (CFO) Salary in Nigeria

Annual Base Salary - ₦10,386,718.00/year

The average annual salary of Chief Financial Officer (CFO) is ₦10,386,718.00

₦105,060.00
Low
₦10,386,718.00
Average
₦31,030,000.00
High

The starting salary of Chief Financial Officer (CFO) is between ₦89,301.00 and ₦105,060.00 whereas the maximum salary range is between ₦31,030,000.00 and ₦35,684,500.00.

Minimum Annual PayMaximum Annual Pay
₦89,301.00₦35,684,500.00
Bonus Range: Tooltip
₦221,400.00 - ₦9,540,000.00
₦221,400.00
₦35,684,500.00
Profit Sharing: Tooltip
₦517,920.00 - ₦50,880,000.00
₦517,920.00
₦35,684,500.00
  • Currency : NGN
  • Annual Salary : ₦10,386,718.00
  • Weekly Pay : ₦190,233.00
  • Fortnightly Salary : ₦380,466.00
  • Monthly Salary : ₦824,343.00

Chief Financial Officer (CFO) Salary Comparison by Gender

Female
Male

This pie chart demonstrates the gender share for Chief Financial Officer (CFO). As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.

As shown in the chart, male employees are involved significantly more as Chief Financial Officer (CFO) compared to female. Their involvement is 77% while of female is only 23%.

Salary Distribution Based on Years of Experience

The line graph shows Chief Financial Officer (CFO) salary in Nigeria on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.

For Chief Financial Officer (CFO) having experience between 1-4 years, their salary is around ₦2,070,000.00.

Once the experience reaches 5-9 years Chief Financial Officer (CFO) salary would increase again to a total of ₦5,255,000.00, adding ₦3,185,000.00 from the last salary increase.

After reaching the 10-19 year experience in their career, decrease in salary is noted to a total of ₦12,516,840.08.

And finally, once the Chief Financial Officer (CFO) gains 20 years of experience or more, their salary would reach ₦19,620,000.00.

Prominent Skills Affecting Chief Financial Officer (CFO) Salary

The bar graph data indicates the importance of specific skills which can have a direct impact on Chief Financial Officer (CFO)'s salary. It clearly highlights the skills needed for a post of Chief Financial Officer (CFO) when hired by an employer. The skill that is required for Chief Financial Officer (CFO) is Strategic Planning that affects the salary by 1%.

Compensation Statistics Based on Experience Levels

This combination of a line and the bar graph shows how the experience affects the salary of Chief Financial Officer (CFO). Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.

As shown in the trends, lowest earning is ₦1,765,742.00 whereas the highest earning is ₦19,423,163.00 which clearly shows the salary increases with the level of expertise.

Experienced person will earn the maximum salary of ₦19,423,163.00 at 87%. So to summerize, Early Career earns 83% less than the average salary, Mid Carrer earns 51% less than the average salary, Late Career earns 20% more than the average salary, Experienced earns 87% more than the average salary.

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