Nigerian Banks Paying Record Salaries in 2025 to Retain Talent Amid Economic Pressures

In 2025, top Nigerian banks like Zenith and Access are leading in paying high salaries to retain skilled talent amid economic pressures. The five major banks collectively spent 644.01 billion on personnel expenses in the first half of the year, reflecting a steep increase from the previous year.

Access Bank emerged as the biggest spender on personnel, with Zenith Bank maintaining a strong salary competitiveness. The trend indicates a focus on rewarding leadership teams while maintaining a balance across all employee levels.