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Ikiodiete George
- 2 Min Read
Vfd Mfb Salary Structure In 2025: Latest Pay For Entry-Level, Graduate Trainee, Managers & Senior Staff (Allowances Included)
VFD Microfinance Bank, part of the larger VFD Group, is one of Nigeria’s fast-rising digital banks. Known for innovation, customer-centric services, and smart fintech solutions, VFD MFB has become a top destination for young professionals and experienced executives who want to work in a progressive and financially rewarding environment.
Whether you're fresh out of school or a seasoned manager, this blog post reveals how much VFD MFB pays its staff in 2025 — including allowances, bonuses, and job perks.
Graduate Trainee Salary at VFD MFB (2025)
Graduate trainees at VFD MFB are onboarded through a structured program that focuses on banking operations, digital product knowledge, customer support, and leadership skills.
| Position | Monthly Salary (₦) | Annual Range (₦) |
|---|---|---|
| Graduate Trainee | ₦100,000 – ₦140,000 | ₦1.2M – ₦1.68M |
Extras include:
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Structured training curriculum
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Internet/data allowance
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Exposure to live fintech tools and platforms
Entry-Level Salary at VFD MFB
Fresh hires who complete their training or join directly as staff take up roles such as Relationship Officers, Customer Support, Retail Operations, and Product Analysts.
| Position | Monthly Salary (₦) | Annual Range (₦) |
|---|---|---|
| Entry-Level Officer | ₦170,000 – ₦250,000 | ₦2.04M – ₦3M |
Benefits:
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HMO medical coverage
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Leave allowance
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Monthly performance bonuses
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Hybrid work options (for eligible roles)
Managerial Salary at VFD MFB
Managers at VFD MFB oversee strategy execution, sales performance, customer retention, credit portfolio, and internal operations across departments.
| Position | Monthly Salary (₦) | Annual Range (₦) |
|---|---|---|
| Manager / Team Lead | ₦400,000 – ₦700,000 | ₦4.8M – ₦8.4M |
Allowances and Perks:
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Transport/mobility stipends
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Data & gadget allowance
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KPI-based bonuses
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Optional paid certifications
Senior Staff Salary at VFD MFB
This tier includes senior product managers, heads of departments, senior developers, and executive leadership managing strategy, compliance, and innovation.
| Position | Monthly Salary (₦) | Annual Range (₦) |
|---|---|---|
| Senior Manager / Executive | ₦800,000 – ₦2.5M | ₦9.6M – ₦30M+ |
Top-tier perks:
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Company car/driver (in some cases)
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Annual bonus (up to 20–30% of gross salary)
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Premium health insurance (family-included)
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Strategic retreat invitations
Allowances & Bonuses at VFD MFB
| Allowance Type | Amount (₦) | Eligibility |
|---|---|---|
| Data/Internet Stipend | ₦5,000 – ₦20,000 | Remote or tech staff |
| KPI-Based Bonus | ₦30,000 – ₦300,000+ (monthly) | Sales, operations, and digital departments |
| Leave Allowance | 10–15% of monthly salary | All confirmed staff |
| Medical Insurance (HMO) | Fully covered + dependents | All staff (higher cover for executives) |
| Work Tool Allowance | ₦50,000 – ₦100,000 (one-time) | Engineers, analysts, and creatives |
Frequently Asked Questions (FAQs)
Q1: Is VFD MFB hiring fresh graduates in 2025?
Yes, especially through their digital banking and graduate trainee intake programs.
Q2: Do they offer remote or hybrid work?
Yes, especially for tech, data, product, and creative roles.
Q3: Is VFD MFB a good place to grow your career?
Absolutely. With a focus on innovation, results, and talent, the bank supports staff with upskilling opportunities and fast promotions.
Q4: How does their salary compare with traditional banks?
VFD MFB pays competitively — often better than most traditional banks, especially in tech and product-related roles.
Q5: What is their promotion timeline like?
Fast. High-performing staff can be promoted within 12 to 18 months.
Conclusion
VFD Microfinance Bank isn’t just building great digital products — it's also building great careers. In 2025, it remains one of Nigeria’s most rewarding fintech employers, especially for young graduates, entry-level professionals, and mid-to-senior staff seeking growth and stability.
With strong salaries, smart bonuses, and an empowering work culture, VFD MFB continues to raise the bar for microfinance banks in Nigeria. So, if you’ve ever considered joining a forward-thinking Nigerian bank, this is your cue to go for it.
