Skip to main content

HIGHEST PAYING COMPANIES IN NIGERIA 2020

As a graduate with B.SC/BA, HND and B.TECH from a tertiary institution in Nigeria or as a professional is a dream to get a good job with high paying companies in Nigeria but getting a high paying job in Nigeria is more of a nightmare than a dream as everyone is trying to get a good job in companies that pays high.

The recent economic decline being experience in Nigeria today gives high salaries a shortfall, making it difficult for companies to pay high salaries to their employees. However, there are some companies in Nigeria that live up to expectation and still pay high amount of salaries to their employees either on a weekly or monthly basis.

This article list out 5 top highest paying companies in Nigeria that pays high salaries to their employees.  Most of these companies are multinationals while relatively fewer are Telecommunication companies, fast moving consumer goods (FMCG) companies and Federal government parastatals.

        SHELL PETROLEUM DEVELOPMENT COMPANY OF NIGERIA (SPDC)

Shell Nigeria is a common name for Royal Dutch shells Nigeria operations carried out through four subsidiaries, primarily Shell Petroleum Development Company of Nigeria Limited (SPDC). Royal Dutch Shells joint ventures account for more than 21% of total petroleum production in Nigeria. Shell started business in Nigeria in 1937, Shell Petroleum Development Company (SPDC) is the largest fossil fuel company in Nigeria, which operates over 6,000 kilometers of pipelines and flow lines, 87 flow stations, 8 natural gas plants and not less than 1,000 producing wells. SPDC's role in the Shell Nigeria family is typically confined to the physical production and extraction of petroleum. It is an operator of the joint venture, which composed of Nigerian National Petroleum Corporation (55%), Shell (30%), Total (10%) and Eni (5%). Until recently, it operated largely onshore on dry land or in the mangrove swamp.

However, it’s not easy to get a job with shell, only fewer manage to secure a job with shell and sometimes getting a job at shell depends on how influential the applicant is and Payment is determined by job description.

        CHEVRON

Chevron Nigeria Limited is a subsidiary of Chevron Corporation and it is one of the largest oil producers in Nigeria. It was previously operating in Nigeria under the business name of Gulf Oil Company until merger activities changed its name to Chevron Nigeria. After another merger by the parent company with Texaco, the Nigerian oil and gas assets of Texaco Overseas Petroleum Company of Nigeria were merged into Chevron.

Getting a job at chevron is not a fairy tale either, only few are able to secure a job with this company. Chevron pays their employees on hourly basis from as $9 per hour to$ 29 per hour depends on job descriptions and positions.

         MOBIL PRODUCTION NIGERIA

Mobil Producing Nigeria (MPN) is one of three Nigerian subsidiaries of the petroleum company ExxonMobil.  It began operations in 1955. All of its operations are offshore; it owns 90 platforms on 3,200 square kilometers of territory. MPN is the second largest producer of crude oil in Nigeria after shell. Just like shell and chevron employees are also paid highly and they are paid in dollars.

According to an unconfirmed report engineers with Mobil are paid $107,477 per annum. Process engineers are paid $114,526 per annum. Interns are paid $6,810 per month. Project engineers are paid $120,055 per annum.  Senior engineer is paid $144,467. The same payment rate applies to all their employees in Nigeria and all over the world.

          NIGERIA NATIONAL PETROLEUM CORPORATION

NNPC is the Oil Corporation through which the Nigeria government regulates and participates in the country’s petroleum industry. NNPC has a sole responsibility for upstream and downstream development in Nigeria and also charged with regulating the oil industry for the Nigerian government.

Unlike the first three companies mentioned above NNPC pays their employees in Nigeria Naira, getting employment with NNPC is relatively not an easy task too.

According to reports fresh graduate are paid N130, 000 per month, sales manager goes home with N314, 000 per month, economists with NNPC are paid not less than N3.85 million per annum.

         MTN GROUP LIMITED

MTN group limited formerly known as M-cell is a South African multinational mobile telecommunication company that operates in most African, European and Asian countries of the world. In 2016 MTN recorded a total number of 232.6 million subscribers, making it the eighth largest mobile network operator in the world and the largest in African. MTN is active in more than 20 countries worldwide and one third of the company revenue comes from Nigeria, where it holds about 35% market share and it’s the first mobile telecommunication company in Nigeria.

Most recently, MTN opt in employing contract staffs, this help them to save cost. Customer care representative are said to be paid N85, 000 per month while project managers, program managers. Quality assurance engineers and senior management member are paid N840,000 N9.44 million, N4.75 million and N12.5 million per annum respectively.

 

 

This research article is written by Solomon Oodo

Comments

Popular posts from this blog

'Lost' Memories Restored in Mice

In a feat that calls to mind the memory-tweaking technology in the film "Eternal Sunshine of the Spotless Mind," a team of researchers restored "lost memories" in the brains of mice. The mice in the study were given a drug that prevented them from consolidating a fearful memory. But when neurons involved in encoding the memory were stimulated with pulses of light, the animals were able to retrieve the forgotten recollection. In some forms of amnesia, past memories may not be erased, but may just be inaccessible for recall, said Susumu Tonegawa, director of the RIKEN Brain Science Institute in Japan and co-author of the study, said in a statement. If the findings are confirmed in humans, the knowledge could benefit people who suffer from retrograde amnesia, an inability to recall memories that were made before the amnesia, which is common in traumatic brain injury, Alzheimer's disease and other brain disorders. Scientists have long debated whether retrograde ...

Sale of dried meat banned in Maiduguri

  he Borno Government on Friday banned the sale of dried meat in order to curtail the activities of Boko Haram terrorists currently engaged in cattle rusting to fund their operations. Governor Kashim Shettima of Borno announced the ban at the inauguration of a committee for the management of the Maiduguri Cattle Market in Maiduguri.

Kanye West gets Nigerian backup for his ‘beautiful ideas’

  Access Bank Nigeria have gone on their Twitter handle and announced that they are ready to help fund Kanye West’s ideas. “But I need access to more money in order to bring more beautiful ideas to the world”  the popular American rapper tweeted.