In this article, we shall be looking at the top 10 wealthiest women in Nigeria. These women have distinguished themselves in the business world and have built multi million dollar empires that see them featured on this list as the richest women in Nigeria currently.
In a country where wealth creation and accumulation has been dominated by the men, the richest women in Nigeria have found a way to ensure that there is a level playing field for them as well, giving their best in making money and ensuring that the source of their fortune and riches is sustained over a long period of time.
These most powerful women in the country have established businesses running into billions of Naira and contributing immensely to the growth of the economy in Nigeria and their wealth grows significantly over the years that in the not too distant future, there might even be a balance between the male and female folk when it comes to the number of people ranked as the most affluent and most influential in Nigeria.
In this post, we have given a comprehensive list of the most prosperous women in Nigeria in terms of cash, stating their net worth as well. Let us know what you think in the comments section below.
TOP 10 RICHEST WOMEN IN NIGERIA: FULL LIST
These are the richest and most successful women in Nigeria currently. Their net worth is stated in US Dollars.
FOLORUNSHO ALAKIJA (NET WORTH – $1 BILLION)
Folorunsho Alakija is the richest woman in Nigeria presently. She is an entrepreneur, investor and a business mogul. Her businesses cut across fashion, oil and gas, real estate and printing. She is the Group Managing Director of The Rose of Sharon Group which comprises of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited.
She is also the Executive Vice-Chairman of Famfa Oil Limited, an indigenous oil and gas company in Nigeria owned and Chaired by her husband, Modupe Alakija, with her sons, Dele, Ladi, Folarin and Rotimi all serving as Directors on the Board.
Folorunsho Alakija has a majority stake in DaySpring Property Development Company and according to Forbes (November 2019), she is the richest woman in Nigeria with a commanding net worth of $1 billion. As of 2015, she is listed as the second most powerful woman in Africa after Dr. Ngozi Okonjo-Iweala and the 87th most powerful woman on earth by Forbes.
BOLA SHAGAYA (NET WORTH – $950 MILLION)
Hajia Bola Shagaya is one of the richest women in Nigeria. An extraordinary businesswoman, she is the owner of Bolmus Group International, a conglomerate that has interests in Oil and Gas, Banking, Real Estate, Photography and Communications.
The real estate development company under her conglomerate owns and develops many high rise buildings in some of the most classy and most expensive neighbourhoods in Nigeria where her clients pay as high as $180,000 yearly as rent. She is the founder of Practoil, one of the largest importers and distributors of base oil in Nigeria and she served on the board of Unity Bank PLC, (former Intercity Bank) for over eight years.
During her time on the board, she was the Chairman of the Bank’s Establishment Committee, Chairman of the Audit Committee and was a member of Unity Bank’s Audit and Credit Committee. She was also the Chairman, Committee on Economy, Trade and Investment at 2014 National Conference.
Bola Shagaya is a member of the New Partnership for Africa Development (NEPAD) Business Group in Nigeria, a business group that promotes economic growth through private and public partnership. The business group also shares information on trade and investment opportunities in Nigeria and Africa. Bola Shagaya is currently worth $950 million.
DAISY DANJUMA (NET WORTH – $900 MILLION)
The wife of a very prominent ex-military service chief in the country in the person of General Theophilus Danjuma, Daisy Ehinare Danjuma is a business mogul and one of the wealthiest women in Nigeria. Daisy Danjuma is the Vice Chairman and Managing Director of Atlantic Petroleum.
During her youth service, she was a State Counsel in Lagos State Ministry of Justice and was a pioneer legal counsel to the Legal Aid Council of Nigeria. She was Executive Assistant at Nigerian Acceptances Limited, a Merchant Bank from 1977 – 1978, and served as Company Secretary/Legal Adviser to the Nigerian Television Authority (NTA) between 1982 and 1992.
In 2003, she was elected as Senator in the country, representing Edo State. The hefty senators salary in Nigeria contributed significantly to her net worth. During her time as Senator, she was Senate Committee Chairman on Women Affairs and Youth Development and Chairman of the ECOWAS Parliament`s Women and Children’s Rights Committee. Daisy Danjuma is currently worth $900 million.
FIFI EJINDU (NET WORTH – $800 MILLION)
Princess Offiong Ekanem Ejindu, popularly known as Fifi Ejindu, is a royalty who hails from Calabar, Nigeria. Her grandfather, King James Ekpo Bassey, was the traditional ruler of Cobham Town in Calabar while her father, Professor Sylvester Joseph Una, was a university professor at the University of Ibadan. She is an architect, business mogul and a philanthropist.
Fifi Ejindu is married to Amaechi Ejindu, a businessman resident in Abuja. She is the Chairman of Starcrest Group of companies. Fifi is into Oil and Gas, Architecture and Real Estate. She is currently one of the richest and wealthiest women in Nigeria with a net worth of $800 million.
STELLA OKOLI (NET WORTH – $750 MILLION)
Stella Okoli is a business tycoon and one of the wealthiest women in Nigeria. She is the owner of the multi-billion Naira Emzor Pharmaceuticals, one of the top 10 pharmaceutical companies in Nigeria presently.
She started Emzor in January 1977 as Emzor Chemists Limited, a small pharmacy retail outlet in the Somolu area of Lagos State, Nigeria and the company has grown over the years into one of the top brands in the pharmaceutical industry in Nigeria today, now known as Emzor Pharmaceuticals. Stella Okoli is currently worth a whopping $700 million and this makes her a billionaire in Nigerian Naira.
BIMBO ALASE (NET WORTH – $700 MILLION)
Віmbо Аlаѕе іѕ аn еntrерrеnеur, іnvеѕtоr аnd а buѕіnеѕѕ mogul. One of the wealthiest women in Nigeria currently, shе іѕ thе Chаіrmаn аnd СEO оf Lеаthеrwоrld, a furnіturе соmраnу which she established іn Јunе 1994.
The company has grown to bесоmе а hоuѕеhоld nаmе іn hіgh quаlіtу furnіturе аnd іntеrіоr decoration. Неr соmраnу Lеаthеrwоrld wаѕ еѕtаblіѕhеd tо mееt thе nееd fоr gеnuіnе furnіturе іn thе Nіgеrіаn mаrkеt аt а tіmе whеn thеrе wаѕ а drоught оf ѕuсh іn thе mаrkеt.
Тhе brаnd іѕ rерutеd bоth lосаllу аnd іntеrnаtіоnаllу аѕ thе mаnufасturеr аnd ѕtосkіеѕt оf thе hіghеѕt grаdе оf quаlіtу furnіturе, furnіѕhіngѕ аnd аllіеd рrоduсtѕ. Bimbo Alase is currently worth $700 million.
MO ABUDU (NET WORTH – $600 MILLION)
Mosunmola Abudu is a media mogul, a philantropist and one of the richest and wealthiest women in Nigeria currently. She is the Chairman and CEO of EbonyLife TV. Her television station, EbonyLife TV, was fpunded in 2006 and the network airs in more than 49 countries across the African continent, as well as in the United Kingdom and the Caribbean. EbonyLife TV is situated at Tinapa Resort in Calabar, Cross River State.
Mo Abudu also runs a daily talk show known as “Moments with Mo”, for which she became very popular for and which has seen people draw comparisons with Oprah Winfrey with many calling her the “African Oprah” and the “Nigerian Winfrey”. Mo Abudu’s success in the media world has seen her net worth rise over the years to what it currently is. She is currently worth $600 million.
STELLA ODUAH (NET WORTH – $500 MILLION)
Stella Oduah is also one of the wealthiest women in Nigeria currently. She is an entrepreneur and a business mogul, and is a one time Minister of Aviation in Nigeria. She is the Chairman and CEO of Sea Petroleum and is currently serving as a Nigerian Senator.
Stella Oduah is a princess, the daughter of Igwe D.O. Oduah of Akili-Ozizor Local Government Area of Anambra State, Nigeria. She worked for the NNPC and in 1992, she left the company to establish the Sea Petroleum and Gas Company Limited, an independent marketer of petroleum product in Nigeria. Stella Oduah is currently worth $500 million.
NGOZI OKONJO-IWEALA (NET WORTH – $450 MILLION)
Ngozi Okonjo-Iweala is an economist, an international development expert and a business mogul. She is the second to the last on this list of wealthiest women in Nigeria and is ranked by Forbes as the most powerful woman in Africa. She served a 25 year career at the World Bank, rising to the position of Managing Director, her highest appointment ever at the Global Bank.
She was the Minister of Finance and Coordinating Minister of the Economy in Nigeria under two Presidents and she currently sits on the boards of top global companies namely: Standard Chartered, Twitter, Global Alliance for Vaccines and Immunization (GAVI) and the African Risk Capacity (ARC).
Ngozi Okonjo-Iweala is a princess, Her father, Professor Chukwuka Okonjo is the Eze from the Obahai Royal Family of Ogwashi-Uku, Delta State, Nigeria. She is currently worth $450 million.
DIEZANI ALISON-MADUEKE (NET WORTH – $400 MILLION)
Diezani Alison-Madueke is a Nigerian politician, investor and a business mogul. She was the first female President of the Organization of Petroleum Exporting Countries, OPEC, elected at the 166th OPEC Ordinary meeting in Vienna on 27th November 2014.
She was Nigeria’s Minister of Transportation, Minister of Mines and Steel, and Minister of Petroleum Resources at various times. She also worked as an Executive Director at Shell Nigeria, the first woman to ever be appointed to that position. Diezani Alison-Madueke is currently worth $400 million.