Top 10 Richest Women In Nigeria (Their Net worth & Business)

Just as we’ve explored their male counterparts, the richest women in Nigeria are as well extraordinarily inspiring. Some of them are even richer than the richest men in Nigeria we talked about earlier. These women of substance are doing great with their investments, businesses and contributions to the Nigerian economy.

So for inspiration, awareness and any other valuable interest, we’ve listed for you the top ten richest women in Nigeria.

But first, let’s look at how we arrived at this list, the yardstick usually used to measure who tops the list and comes last.

Table of Contents

How We Arrived at the Top 10 Richest Women in Nigeria List

The following are used to determine this list of the top 10 ten richest women in Nigeria:

Net worth
Valuable (measurable) assets
Business owned
Investments

Let’s now go into the article proper.

The Top 10 Richest Women in Nigeria

Here is the list of the top 10 richest women in Nigeria.

1. Folorunsho Alakija

Net worth: $1.5 Billion

Folorunso Alakija is the richest woman in Nigeria as well as Africa. She had her basic education in Wales, United Kingdom. She had her first company, a fashion label with a mind-blowing customer base across Africa.

She is also the vice president of Famfa Oil. In 1993, the government awarded her oil company, later changed to an oil mining lease, a prospecting license. She said the oil company would operate through 2024.

Her wealth basically came from her oil business. Folorunsho Alakija also sits as Director of both The Rose of Sharon Prints & Promotion Limited and Digital Reality Prints Limited.

2. Bola Sagaya

Net worth: $950 Million

Hajia Bola Muinat Sagaya is a businesswoman in Nigeria. She founded the Bolmus Group International, a group of companies that deals in oil and gas, real estates, photography and banking.

As a believer in the Nigerian economic growth and for her immense contribution to the nation’s economy, the Nigerian government has awarded her twice.

Bola is the second richest woman in Nigeria. She started out a banker before she went on to stand as an entrepreneur where she had a big break. Today, she successfully made it to become one of the top 10 richest women in Nigeria.

3. Daisy Danjuma

Net worth: $900 Million

Born on 6th August 1952 in Benin City, Edo State, Daisy married Theophilus Danjuma, the Nigerian billionaire.

A year after graduating from Ahmadu Bello University (ABU) in Zaria, she was called to the Nigerian bar in 1977. Daisy Danjuma once worked as a legal counsellor to the Legal Aid Council of Nigeria. She was an Executive Assistant in a Merchant bank for a year plus (1977 to 1978). She was also a legal adviser and secretary to the Nigerian Television Authority (NTA) for 10 years (1982 – 1992).

Daisy served as Senator of Federal Republic of Nigeria, representing Edo South for 4 years (2003-2007). As a senator, she stopped female general mutilation in Edo and other western parts of Nigeria and West Africa.

She’s widely known today as an entrepreneur, a businesswoman and an investor. She’s the current Vice Chairman (VC) and Managing Director (MD) of Atlantic Petroleum. No wonder she made it to our prestigious list of the top 10 richest women in Nigeria.

4. Fifi Ejindu

Net worth: $850 Million

Fifi Ejindu is an architect, an investor and a businesswoman. She was born in Oyo but hailed from Uyo, in Akwa Ibom. She finished her degree in Architecture in 1983 at Pratt Institute, Brooklyn, New York (USA). She was the first black African to graduate from the institution with an Architectural degree.

After her Master’s degree at Pratt Institute, she returned to Nigeria where she delved into businesses and founded the Starcrest Group in 1995. The group now has 3 companies:

Starcrest Investment Ltd
Starcrest Associates Ltd
Starcrest Industries Ltd

This group of companies deals in oil and gas, real estate, and building construction.

In 2013, she bagged the African Achievers Arts and Fashion Lifetime Achievement Award. Fifi’s hard work and consistency in the business world has inspired many Nigerian women.

5. Stella Okoli

Net worth: $800 Million

Stella Okoli is a Nigerian woman who loves business. She’s an investor and an entrepreneur with a difference. She was born in 1994.

She got her first degree in Biopharmaceutical studies from Bradford University. She furthered her academics in the United Kingdom (UK), London, where she studied the same course for her Master’s degree.

Stella is the Chief Executive Officer (CEO) of Emzor Pharmaceutical. The company produce drugs, a popular example is the emzor paracetamol in Nigeria. She started as Emzor Chemist Ltd, in January 1977 in a small shop in Somolu, Lagos, Nigeria.

Emzor currently is one of the leading pharmaceutical companies in Nigeria. Since its incorporation in 1984, 50 products of the company exist and are sold in pharmaceutical stores across the country. Today, Stella is one of the top 10 richest women in Nigeria.

6. Bimbo Alase

Net worth: $700 Million

Bimbo Alase founded Leather world. She studied in Pitman College, and Regent Academy of Designs and Fine Arts both in London. She also studied interior design at London Design School for her postgraduate degree.

Her company, Leatherworld, makes leather products and basically furniture and interior designs. It began in 1994 and is among the top companies in the furniture industry in Nigeria. Apart from this, Bimbo also runs a mini gift store and beauty salon in Apapa, Lagos, Nigeria.

7. Mo Abudu

Net worth: $580 Million

Mosumola Abudu is one Nigerian richest woman. Fondly known as Mo Abudu, she’s an entrepreneur, an investor and a popular businesswoman. She grew up in London, United Kingdom. There, she attended Ridgeway School, Kent and West Kent College.

Mo had her degree in law at Westminster University. She is a philanthropist and a human resource management consultant. In 2006, she founded EbonyLife TV.

EbonyLife TV airs in over 49 countries in Africa, the United Kingdom (UK) and the Caribbean. Its headquarters is at Tinapa Resort in Calabar, in Cross River State, Nigeria.

Mosunmola loves the media. She’s produced and featured in several interesting movies. She won the Best Movie Producer of the Year and the Life Time Achievement Awards at the City People Movie Recognition Award. On our list of the top 10 richest women in Nigeria, she’s seventh.

8. Stella Oduah

Net worth: $550 Million

Stella Oduah, now a Nigerian senator, was a former Aviation minister. Born on 5th January 1962, in Anambra State, Southeast Nigeria.

Stella Oduah is a Nigerian entrepreneur. She’s a wise investor who takes her business seriously. She’s an Ex-Minister of Aviation in Nigeria. She is the chairman and Chief Executive Officer (CEO) of Sea Petroleum.

Stella had her degree in Accounting and Business Administration in the United States of America (USA). She came to stay in Nigeria in 1983 and became a member of the Nigerian National Petroleum Corporation (NNPC). She independently markets petroleum products in Nigeria through NNPC. She married Nigerian Ex-minister of works. Stella Oduah is one of the top 10 richest women in Nigeria.

9. Ngozi Okonjo

Net worth: $500 Million

Ngozi Okonjo is an entrepreneur, economist, investor, an expert in international development, and a businesswoman based in Nigeria. She’s an Ex-director of the World Bank. She had her Bachelor’s Degree in Economics in 1976 from Harvard University.

She earned her PhD at Massachusetts Technology Institute in the United States of America (USA). She completed her doctorate degree through help from an International Fellowship from the American Association of University Women.

Ngozi worked as a development economist for 25 years in the World Bank. From 2007 to 2011, she was next in position to the highest manager. Before she was promoted, she served as Nigeria’s Finance Minister for 3 years (2003-2006). A very hardworking woman, Ngozi is one of the top 10 richest women in Nigeria.

10. Diezani Alison

Net worth: $400 Million

Diezani Alison is an entrepreneur, investor, a politician and businesswoman. She was born on the 6th December 1960, in Portharcourt.

She completed her education at Howard University before returning to Nigeria where she worked with Shell Petroleum Development Corporation. She was the first woman Executive Director, in Shell Petroleum Company in 2006.

Diezani later delved into mines and steel in 2008. In April 2010, she was appointed Minister of Petroleum Resources in Nigeria. She was elected as a first female president of the Organization of Petroleum Exporting Countries (OPEC) in 2014 (14th November).

Wrapping Up

If you’re a Nigerian woman looking to start your own business and flourish in the constantly booming Nigerian business environment, you can find your inspiration in our list of the top 10 richest women in Nigeria.

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