Biographies And Net Worth Of The Top 10 Richest Women In Nigeria

July 18, 2020

Biographies And Net Worth Of The Top 10 Richest Women In Nigeria
This is a full list of the 10 most richest women in Nigeria.
A majority of them have had links to politics, while some inherited their wealth and the rest are self-made.
While it is everybody's dream to get rich and famous, not all us us have been able to achieve that feat.

A good number of people with wealth and power in Nigeria are men, and you'd be wondering if clout was just meant for the gender.
Well, there are a lot of women also doing wonders in the fashion, oil and gas, religion, motoring, tech and other sectors.
We'd be seeing the top 10 most richest women in Nigeria.

The 10 Richest Women In Nigeria And Their Sources Of Revenue

There are a lot of women making waves financially in Nigeria.

Many of them have been recognized by Forbes, BBC, CNN and other media big heads in the world.
Some of the richest women in Nigeria currently include:
  • Folorunsho Alakija

Net Worth: US$1.0 billion (January 2020)

Folorunsho Alakija is a Nigerian oil and gas entrepreneur. She is the vice chair of Famfa Oil.

Married to Modupe Alakija, they couple are blessed with four children including Rotimi Alakija.

Alakija was born on the 15th of July, 1951 in Ikorodu, Lagos State, Nigeria to L. A. Ogbara.
She is also the 20th richest person in Africa, currently.
She is also into the real estate, fashion and printing industries.

You can read Folorunsho Alakija's full biography.
  • Hajia Bola Shagaya

Net Worth: US$930 million

Hajia Bola Shagaya is a Nigerian businesswoman and fashion enthusiast.

She started her career with the audit department of the Central Bank of Nigeria before venturing into commercial activities in 1983.
Bola Shagaya is also the managing director of Practoil Limited. She is into the oil and gas, real estate as well as the banking industries.

She was born on the 10th of October, 1959 and is married to Alhaji Shagaya.
The couple have two children, Sheriff Shagaya and Hakeem Shagaya.
  • Daisy Danjuma

Net Worth: US$900 million

Born on the 6th of August, 1952 in Edo State, Nigeria, Daisy Ehanire Danjuma is a Nigerian lawyer, entrepreneur and politician.

She is married to the former Nigerian military General and minister of defense of Nigeria, Theophilus Yakubu Danjuma. They have five children together and her husband is the founder of the oil exploration company, South Atlantic Petroleum.

The business helped boost Daisy a lot, and she is currently one of the richest women in Nigeria.

Prior to her political career, she also worked with the Nigerian Acceptances Limited (NAL), the Nigerian Television Authority (NTA) and the Nigerian Acceptances Limited (NAL).
  • Fifi Ejindu

Net Worth: US$850 million

Princess Fifi Ekanem Ejindu is a Nigerian architect, businesswoman and philanthropist.
She is of a royal lineage, and her father was the first Minister of Health in the former eastern region of Nigeria.
Offiong Ekanem Ejindu is the CEO of Building Supports Systems and Principal partner of the Starcrest Group of Companies.

She also has investments in the fashion sector.
  • Dr. Stella Okoli

Net Worth: US$800 million

Dr. Stella Chinyelu Okoli (MON, OON) is a Nigerian pharmacist and entrepreneur. She was born in the year 1944 and is the founder and current C.E.O of Emzor Pharmaceutical.

Prior to the establishment of Emzor Pharmaceutical, she has worked with other top pharmaceutical companies in Nigeria and the United Kingdom. Stella is a former Chairman of the Pharmaceutical Manufacturers Group and the Manufacturers Association of Nigeria.

She is the current Vice President of Manufacturers Association of Nigeria and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture.
  • Bimbo Alase

Net Worth: US$750 million

Bimbo Alase-Arawole is a Nigerian entrepreneur, investor and a business magnate.
She is the Chief Executive Officer (CEO) of Leatherworld, a highly acclaimed Nigerian furniture company.

Prior to the furniture company, she had also founded and ran a mini gift store and beauty salon in Apapa, Lagos State.
She was married to the late Kunle Arawole and they had a daughter together, Tobiloba.
  • Mo Abudu

Net Worth: US$580 million

Born on the 11th of September, 1964, Mosunmola Abudu, popularly called Mo Abudu is a Nigerian media mogul.

She was born in London, United Kingdom and is the brain behind the EbonyLife TV.

Abudu has been rated as one of the 25 Most Powerful Women in Global Television by 'The Hollywood Reporter and described by Forbes as Africa's Most Successful Woman.

She is also is the Executive Producer and host of a TV talk show, Moments with Mo. Her establishment, EbonyLife TV is currently among the top 25% of most watched channels on the DSTv platform.

Mo Abudu was formerly married to Tokunbo Abudu and they have two children together.
  • Stella Oduah

Net Worth: US$550 million

Stella Oduah Ogiemwonyi is a Nigerian entrepreneur politician. She is a former minister of Aviation and a current senator.
She is the founder of four companies, Sea Petroleum and Gas Company Limited, Rotary Engineering Services Limited, Sea Shipping Agency Limited and Tour Afrique Company Limited.

Stella has investments in the oil and gas, as well as shipping industry. She was married to the former Minister for Works, Engr. Chris Ogiemwonyi.
  • Ngozi Okonjo-Iweala

Net Worth: US$520 million

Born on the 13th of June, 1954, Ngozi Okonjo-Iweala a Nigerian-born politician, economist and international development expert.

She sits on the Boards of the Standard Chartered Bank, Global Alliance for Vaccines and Immunization (GAVI), Twitter and the African Risk Capacity (ARC).

She also worked with the World Bank for 25 years and served two terms as Finance Minister of Nigeria.
Her father, Professor Chukwuka Okonjo is the Eze from the Obahai Royal Family of Ogwashi-Ukwu.

She is married to Ikemba Iweala, an emergency medicine physician in Washington, District of Columbia.
  • Diezani Alison-Madueke

Net Worth: US$480 million

Diezani Alison-Madueke is a Nigerian politician and the first female President of Organization of the Petroleum Exporting Countries (OPEC).

She was born on the 6th of December, 1960 in Port Harcourt, Rivers State, Nigeria.

She studied Architecture in England and at the Howard University, United States of America.

Diezani Alison-Madueke joined the Shell Petroleum Development Corporation and was appointed an Executive Director in 2006.

She eventually became the first female to hold the office of the Minister of Petroleum Resources in Nigeria.

She is married to a one-time Chief of Naval Staff, Admiral Allison Madueke (retired) and they have two sons, Chimezie Madueke and Ugonna Madueke.


This list of the 10 most richest women in Nigeria was made from online researches, and some figures might not be completely accurate.

However, it is to give you a glimpse of the female financial big heads in the country.

Who is your favorite in the list? Which business do you think can take you this far?
Drop us a comment and don't forget to share to your friends.

Before you leave, also check out our next article on how to start a successful food delivery business in Nigeria.

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