Nigeria is home to some of Africa’s most exceptional business minds, where the richest women in Nigeria are reshaping industries with their vision, tenacity, and economic influence.
As the Africa Wealth Report by Henley & Partners highlights, Africa now boasts over 21 billionaires and 135,200 high-net-worth individuals, underscoring a growing landscape of opportunity in which Nigeria’s richest female entrepreneurs are playing an increasingly significant role.
In exploring the stories of the most influential Nigerian women, this article highlights how ambition, strategy, and purpose converge to elevate female success across Nigeria.
Key Takeaways
- The richest women in Nigeria are redefining success and setting global standards in business leadership.
- Their wealth comes from diverse sectors, proving the vast opportunities within Nigeria’s economy.
- These women combine financial power with social impact, driving change in their communities.
- Their rise signals a new era of female economic influence in Nigeria and across Africa.
Top 20 Richest Women in Nigeria
Here are the top 20 richest women in Nigeria, along with their paths to financial success.
1. Folorunsho Alakija
Folorunsho Alakija is a distinguished Nigerian businesswoman and philanthropist. Born on 15 July 1951 in Ikorodu, Lagos State, she is the Group Managing Director of The Rose of Sharon Group and the Executive Vice‑Chairman of Famfa Oil Limited, which holds a significant stake in the lucrative Agbami oil field.
Beyond oil and fashion, she also serves as Vice‑Chairman of Dayspring Property Development and Digitalreality Print Ltd, diversifying her influence across real estate and printing industries.
A philanthropist at heart, she founded the Rose of Sharon Foundation, supporting widows, orphans, and skills development through initiatives like the skills acquisition centre donated to Yaba College of Technology.
Net Worth
Estimating Folorunsho Alakija’s net worth varies across sources. Some reputable reports peg her at approximately US$1 billion, based on contributions from fashion, oil, real estate, and printing ventures.
However, other records, especially older listings, have suggested as high as US$1.6–2.5 billion, reflecting the value of her OML‑127 oil block, real estate, and private jet.
Achievements
Folorunsho Alakija’s remarkable achievements span industries, philanthropy, and personal influence. From fashion to oil exploration, leadership to awards, her accomplishments reflect both entrepreneurial vision and humanitarian spirit.
| Category | Key Achievements |
|---|---|
| Fashion & Creative Industry | -Founded Supreme Stitches (later Rose of Sharon House of Fashion), a pioneering Nigerian fashion brand. -Served as President and lifelong Trustee of the Fashion Designers Association of Nigeria (FADAN). |
| Oil & Gas | -Obtained an oil prospecting license in 1993 for a 617,000-acre block (OML 127 – Agbami Oilfield). -Formed a joint venture with Star Deep Water Petroleum (a Texaco affiliate). |
| Real Estate & Printing | -Vice-Chairman of Dayspring Property Development Company Limited. -Oversees Digitalreality Print Limited, expanding her portfolio into premium real estate and commercial printing. |
| Philanthropy | -Founded the Rose of Sharon Foundation, providing scholarships, business grants, and housing support to widows and orphans. -Donated a skills acquisition centre to Yaba College of Technology. |
| Academic Honours | -Conferred with an Honorary Doctorate in Business Administration from Benson Idahosa University (2021). -Awarded a Doctor of Science in Business Administration from Chrisland University (2022). |
| Recognition & Awards | -Listed among Forbes World’s 100 Most Powerful Women. -Ranked 2nd Most Powerful Woman in Africa (2015) and 87th in the world. -First female Chancellor of a public university in Africa. |
| Authorship & Advocacy | -Authored inspirational books, including her autobiography. -Regular keynote speaker at global business and leadership forums, including the Commonwealth Business Forum. |
2. Hajia Bola Shagaya
Hajia Bola Muinat Shagaya, born 10 October 1959, Ilorin, Kwara State, is one of Nigeria’s wealthiest women and a respected business leader.
She studied Economics at Ahmadu Bello University and Accountancy in California before starting her career at the Central Bank of Nigeria. In 1983, she launched Bolmus Group International, a diversified company with interests in real estate, oil and gas, banking, and photography.
She introduced the Konica brand to West Africa, runs Practoil Limited, and serves on the board of Unity Bank plc. A fashion icon and philanthropist, she is a patron of the Fashion Designers Association of Nigeria (FADAN).
Net Worth
Hajia Bola Shagaya’s fortune is valued between USD 650 million and USD 950 million, placing her firmly among Africa’s richest women.
In 2024, Pulse Nigeria and CEO Today Magazine both estimated her net worth at USD 950 million, while African Leadership Magazine placed it at over USD 650 million.
Regardless of the variation in figures, her expansive investments in oil, real estate, and banking have cemented her status as one of the continent’s most financially powerful women.
Achievements
Here is a snapshot of Shagaya’s most outstanding accomplishments:
| Achievement | Details |
|---|---|
| Founder & CEO, Bolmus Group International | Built a conglomerate in real estate, banking, oil and gas, and photography. |
| Introduced Konica to West Africa | Through Fotofair Nigeria, she pioneered the distribution of Konica photographic materials. |
| Managing Director, Practoil Limited | Leads the major importer and distributor of base oil in Nigeria. |
| Board Member, Unity Bank plc | Served for over eight years, contributing to banking growth. |
| Member, NEPAD Business Group – Nigeria | Part of the newly inaugurated economic development initiative |
| Patron, FADAN | Actively supports the Nigerian fashion and arts community |
| Member of the Order of the Niger (MON) | Awarded by President Goodluck Jonathan in July 2010 |
| Philanthropy and Polo Enthusiast | Supports polo tournaments and charitable causes, including educational initiatives |
See Also: Top 20 Richest Men in the World– Rankings, Net Worths and What is Driving Them
3. Daisy Danjuma
Daisy Ukpomwan Ehanire Danjuma, born on 6 August 1952 in Benin City, Edo State, is a distinguished Nigerian lawyer, politician, and business leader.
A graduate of Ahmadu Bello University (LLB, 1976) and alumnus of Lagos Business School, she began her legal career as State Counsel in Lagos and then served as Company Secretary and Legal Adviser at the Nigerian Television Authority.
She later entered politics, serving as Senator for Edo South from 2003 to 2007, where she chaired committees on Women Affairs, Youth Development, and contributed to health, education, finance, and transport portfolios.
Today, she helms South Atlantic Petroleum (SAPETRO) as Executive Chairman, while also contributing to numerous philanthropic and professional bodies.
Net Worth
Daisy Danjuma is widely regarded as one of Nigeria’s wealthiest women, with her estimated net worth in the region of US$900 million.
This valuation stems from her influential roles in oil and business through significant shareholdings and executive positions, particularly at SAPETRO and May & Baker Nigeria, alongside her political pedigree.
Achievements
Daisy Danjuma has built a remarkable legacy across law, politics, business, and philanthropy. Her trajectory reflects strategic leadership, sector-spanning impact, and a commitment to women’s empowerment.
Below is a clear summary of her key achievements:
| Area | Achievement |
|---|---|
| Legal & Early Career | • Served as State Counsel, Lagos State Ministry of Justice. • Pioneer Legal Counsel, Legal Aid Council of Nigeria. • Company Secretary & Legal Adviser, Nigerian Television Authority (NTA). |
| Politics | • Senator, Edo South Senatorial District (2003–2007). • Chair, Senate Committee on Women Affairs & Youth Development. • Member, Senate Committees on Health, Education, Finance, and Transport. • Chair, ECOWAS Parliament’s Committee on Women & Children Rights. • Member, Commonwealth Parliamentary Association. |
| Corporate Leadership | • Executive Chairman, South Atlantic Petroleum (SAPETRO). • Chair, May & Baker Nigeria Plc. • Board and Trustee member: HID Awolowo Foundation, Women at Risk International Foundation (WARIF), and Lagos Public Interest Law Partnership. • Honorary Doctorates: University of Ibadan, University of Benin, Redeemer’s University. |
| Philanthropy & Advocacy | • Advocate for women’s empowerment, education, and healthcare. • Legislative and board work promoting women’s and children’s rights. • Supporter of NGOs driving social development in Nigeria. |
4. Fifi Ejindu
Princess Fifi Ejindu is one of Nigeria’s most influential female entrepreneurs and a celebrated architect, philanthropist, and businesswoman.
A royal from the Obong of Calabar’s family, she has carved a niche for herself in luxury real estate and design, blending African heritage with contemporary style.
As the founder of Starcrest Group of Companies, Fifi has become a key figure among the top wealthy women in Nigeria, known for her exquisite taste, groundbreaking architectural projects, and commitment to cultural preservation.
Net Worth
Fifi Ejindu’s net worth is estimated to be around $600 million, placing her among Nigeria’s wealthiest women and one of the most influential Nigerian women in the real estate and design sector.
Her wealth stems from her thriving businesses in architecture, oil and gas, real estate, and philanthropy-related ventures.
Achievements
Fifi Ejindu’s career is decorated with numerous awards and recognitions, both locally and internationally.
Her achievements reflect her influence not only in business but also in philanthropy, culture, and the empowerment of African women.
The table below summarises some of her most notable accomplishments
| Achievement | Description |
|---|---|
| Founded Starcrest Group of Companies | A conglomerate focusing on real estate, oil & gas, and construction. |
| African Achievers Award | Recognised for contributions to architecture and African culture. |
| Nigerian National Honours (OON) | Awarded for outstanding contributions to nation-building. |
| African Fashion Week London Ambassador | Promoted African fashion and design globally. |
| Women’s Entrepreneurship Day Award | Honoured for empowering women through business initiatives. |
See Also: How Do Millionaires Make Their Money? 7 Income Streams They Rely On
5. Stella Oduah
Princess Stella Adaeze Oduah is a notable Nigerian politician and businesswoman.
Born on January 5, 1962, in Anambra State, she earned her degrees in Accounting and Business Administration from universities in the United States before returning to Nigeria to work at the Nigerian National Petroleum Corporation.
In 1992, she left NNPC to establish the Sea Petroleum & Gas Company Limited (SPG), venturing into the oil and gas sector. Oduah later served as Nigeria’s Minister of Aviation from 2011 to 2014, followed by two terms as Senator for Anambra North from 2015 until 2023
Net Worth
Stella Oduah is widely regarded as one of Nigeria’s wealthiest female politicians. Various sources estimate her net worth at around US$600 million, placing her among the nation’s richest women.
Achievements
Below is a structured presentation of her key achievements, showing her impact in aviation, politics, and community development:
| Area of Impact | Key Achievements |
|---|---|
| Aviation Reform | -Spearheaded comprehensive aviation sector transformation, rehabilitated 22 airports, upgraded terminals in Abuja (via $500M EXIM Bank funding), Port Harcourt, Calabar, Kaduna, Sokoto, Owerri, and Yola. -Introduced perishable cargo and aerotropolis concepts. -Achieved Nigeria’s first ICAO approval -Secured international status for Enugu Airport. |
| Legislation & Governance | -As Senator, she introduced and sponsored numerous impactful bills, including: Southeast Development Commission, National Agricultural Programme Coordinating Agency, Government Performance and Accountability Office, Constituency Projects, Integrated Rural Development Agency, Infrastructure Development, Federal Medical Centre Onitsha, Federal University of Entrepreneurship Onitsha, and Federal Entrepreneur Centres. -Between 2019–2021, she introduced 35 bills, the highest in the 9th Senate. |
| Constituency Empowerment | -Launched wide-reaching empowerment initiatives: built houses for indigent widows, conducted free medical outreaches, rolled out the Ego Mbido Afia scheme (benefiting over 5,000 petty traders/market women), organised vocational training across Anambra North, and provided scholarships, nursing school training, and livelihood skills. |
6. Mo Abudu
Mo Abudu is a pioneering Nigerian media mogul, filmmaker, and entrepreneur. Born on 11 September 1964 in London, she embarked on a corporate career in human resources, rising to head the HR department at ExxonMobil, before transitioning into media.
She founded Moments with Mo in 2006, Africa’s first syndicated daily talk show, later launching the trailblazing EbonyLife TV in 2013.
Through her media empire, including EbonyLife Films, EbonyLife Studios, and the EbonyLife Creative Academy, she has significantly shaped African storytelling on the global stage.
Net Worth
Estimates of Mo Abudu’s net worth vary widely. Some sources suggest an impressive figure of around $650 million, though this number is debated and lacks confirmation.
Achievements
Mo Abudu’s career is marked by numerous groundbreaking achievements, ranging from pioneering media ventures to international recognition and industry-shaping collaborations.
Below is a snapshot of her milestones:
| Category | Highlights |
|---|---|
| Media Innovation | -Created Moments with Mo, Africa’s first syndicated daily talk show. -Launched EbonyLife TV as Africa’s first global black entertainment network. |
| Film & TV Success | Produced blockbuster hits including The Wedding Party, Fifty, Òlòtūré, Castle & Castle, and Netflix’s Blood Sisters. |
| Global Partnerships | Collaborated with Netflix, Sony Pictures Television, AMC Networks, and the BBC on African storytelling projects. |
| Recognition & Awards | -Honoured with MIPTV Médailles d’Honneur. -Listed on Forbes’ 100 Most Powerful Women. -Recipient of the Forbes Africa Business Woman of the Year award. |
| Industry Leadership | -First African to chair the International Emmy Awards Gala. -Board member of the International Academy of Television Arts & Sciences. |
7. Linda Ikeji
Linda Ikeji is one of Nigeria’s richest female entrepreneurs and arguably the most influential blogger in Africa. She rose to fame through Linda Ikeji’s Blog, a pioneering entertainment and lifestyle platform that became a go-to source for celebrity news, trends, and cultural commentary.
Starting with nothing but determination, she transformed her passion for writing into a multi-million naira media empire, inspiring countless self-made women in Nigeria to chase their dreams.
Her success story is a hallmark example of turning digital influence into enduring wealth.
Net Worth
Linda Ikeji’s net worth is estimated to be in the multimillion-dollar range, largely derived from blog advertising revenue, brand partnerships, and strategic real estate investments.
While exact figures vary, her earnings and assets place her among the top wealthy women in Nigeria, cementing her reputation as one of Nigeria’s wealthiest women.
Achievements
Linda Ikeji’s journey from a struggling writer to one of the most influential Nigerian women is marked by numerous milestones.
Beyond her financial success, she has expanded her influence into television production, philanthropy, and women’s empowerment. Below, we highlight her most notable achievements.
| Achievement | Description |
|---|---|
| Launch of Linda Ikeji’s Blog | Built one of Africa’s most visited lifestyle and entertainment websites, attracting millions of readers monthly. |
| Expansion into Media | Founded Linda Ikeji TV, offering original reality shows, talk shows, and series. |
| Philanthropy | Ran the “I’d Rather Be Self‑Made” initiative, providing grants to young women with viable business ideas. |
| Real Estate Investments | Acquired high-value properties in Lagos, boosting her asset portfolio. |
| Film production | Produced Dark October, expanding from blogging into Nollywood production. |
8. Bimbo Alase
Bimbo Alase is a trailblazing Nigerian businesswoman best known for transforming a small furniture shop into Leatherworld, one of the most luxurious furniture companies in West Africa.
Her entrepreneurial vision and strategic business acumen have made her one of Nigeria’s richest female entrepreneurs and a respected figure among Nigeria’s wealthiest women.
Renowned for her taste in luxury and her ability to spot premium market opportunities, she has built a brand that caters to high-net-worth individuals and corporate giants.
Net worth
There is no independently verified net‑worth figure for Bimbo Alase. Media pieces often reference the scale of Leatherworld and its premium positioning, but specific amounts are unsubstantiated.
Achievements
Documented milestones that underpin her reputation in Nigerian luxury retail and manufacturing.
| Achievement | Description |
|---|---|
| Founded Leatherworld | Established a premium furniture brand known for luxury retail spaces and discerning clientele. |
| Manufacturing capability | Set up Concourse Industry in the Calabar Free Trade Zone to assemble/manufacture furniture locally. |
| International partnership | Formed a strategic alliance with Italian maker NIERI to maintain top‑tier quality standards. |
| Nationwide footprint | Expanded from Lagos to additional high‑value locations, strengthening distribution and brand visibility. |
| Mentorship & leadership | Frequently profiled for mentoring entrepreneurs and serving in leadership capacities. |
9. Adenike Ogunlesi
Adenike Ogunlesi is a visionary Nigerian fashion entrepreneur, best known as the founder and Creative Director of Ruff ’n’ Tumble, one of West Africa’s premier children’s clothing brands.
What began in 1996 as handcrafted pyjamas sold from the boot of her car blossomed into a respected homegrown label with a pan-African presence.
Today, she is celebrated for elevating children’s fashion through excellence, cultural resonance, and strong entrepreneurial leadership.
Net Worth
Reliable, independently verified figures for her net worth are not publicly available.
Achievements
Adenike Ogunlesi’s rise in the fashion world is anchored by her flair for innovation, deep understanding of market needs, and commitment to empowerment.
Below are her most notable accomplishments to date.
| Achievement | Description |
|---|---|
| Founded Ruff ’n’ Tumble | Built a top-tier children’s clothing brand from modest beginnings, starting in her car and markets. |
| Nationwide & Pan-African Expansion | Expanded operations to 17 retail outlets, employing 150–300 staff, with reach across major Nigerian cities and West Africa. |
| Established Manufacturing Facility | Launched Gatimo Apparel, a modern garment manufacturing plant capable of producing clothing to global standards. |
| Founded Empowerment Foundation | Created the Betti-Okuboyejo Foundation, training over 200 youth in garment-making and entrepreneurship. |
| Executive & Advisory Roles | Serves as Non-Executive Director at Lafarge Africa, advisory board member at Lagos Business School’s EDC, founding president of NNEW under NECA, and mentor in FATE, WISCAR, and MARA Foundation. |
| Recognitions & Awards | Honoured with multiple prestigious awards, including: Female Achiever in Children’s Fashion (City People Awards), FATE Model Entrepreneur Award, Game Changer (Glam Awards), Creativity & Excellence (Nigeria Entrepreneur Awards), Diamond Woman (Diamond Brand Awards), and Business Woman of the Year (CNBC Africa). |
10. Sola David-Borha
Olusola “Sola” Adejoke David‑Borha is a distinguished Nigerian banker and corporate leader. She made a global impact as the CEO of Standard Bank Group’s Africa Regions, overseeing banking operations across multiple African countries.
Previously, she served as the CEO of Stanbic IBTC Holdings up to January 2017 and remains Chairman of its Board.
Known for her strategic leadership over a 30+ year career, she also holds key board positions, including with Coca‑Cola HBC AG and the Nigerian Economic Summit Group.
Net Worth
There are no publicly verified estimates of Sola David-Borha’s net worth.
Achievements
Below are maps of her most prominent milestones.
| Achievement | Description |
|---|---|
| CEO, Standard Bank Africa Regions | Led Standard Bank’s banking operations across African countries (excluding South Africa). |
| CEO, Stanbic IBTC Holdings & CEO, Stanbic IBTC Bank | Guided Nigeria’s financial group through a period of exceptional profit and asset growth. |
| Board Chair, Stanbic IBTC Holdings | Continues in a senior governance role following her executive tenure. |
| Non-Executive Director Roles | Holds positions on boards including Coca-Cola HBC AG, University of Ibadan Business School, Fate Foundation, and others |
| Awards & Recognition | Named Business Woman of the Year (West Africa and Africa) at the All Africa Business Leaders Awards. |
11. Ngozi Okonjo-Iweala
Dr Ngozi Okonjo‑Iweala is a globally respected Nigerian‑American economist and international development expert.
In March 2021, she became the first woman and first African to serve as the Director‑General of the World Trade Organisation (WTO).
Earlier, she served two terms as Nigeria’s Finance Minister and briefly as Foreign Minister, pioneering financial reforms that improved transparency and secured debt relief.
Net Worth
Estimating Dr Okonjo‑Iweala’s net worth is challenging due to limited public disclosure. Some unofficial sources suggest a net worth of approximately $550–580 million, which is merely speculative.
Achievements
Dr Okonjo‑Iweala’s career spans multiple top-tier global institutions and high-impact leadership roles. Her contributions to finance, trade, and public health have earned her international recognition.
Here is an overview of her most significant milestones:
| Achievement | Description |
|---|---|
| First woman & African DG of WTO | Broke barriers by becoming the WTO’s first female and African director-general in 2021. |
| Debt relief for Nigeria | As Finance Minister, negotiated Paris Club debt write-off, significantly reducing Nigeria’s external debt. |
| Institutional financial reforms | Introduced systems like TSA, IPPIS, GIFMIS, and re-based Nigeria’s GDP; first sovereign credit rating obtained. |
| Leadership at the World Bank | Managed an $81 billion operations portfolio across several global regions as Managing Director. |
| Chair of Gavi | Chaired GAVI, leading efforts to improve global vaccine access, including during pandemics. |
| Global policymaker & advisor | Served on multiple boards and commissions, including Danone, Standard Chartered, Twitter, Global Commission on the Economy & Climate, and AU COVID-19 response efforts. |
| Awards and honours | Recipient of countless awards, including Forbes African of the Year, Fortune’s top global leader, and numerous national honours (CFR, GCON), plus honorary doctorate degrees from institutions like Oxford, Yale, and more. |
| Re-elected for a second WTO term | Reappointed by unanimous WTO General Council in November 2024 to continue her leadership beyond her initial term. |
12. Ibukun Awosika
Ibukun Awosika stands as one of Nigeria’s richest female entrepreneurs and a beacon among self-made women in Nigeria.
As the first female Chairperson of First Bank of Nigeria, she broke barriers in Nigeria’s banking sector. She also founded The Chair Centre Group, a prominent furniture manufacturing and retail brand.
A celebrated author and motivational speaker, she continues to influence and stands as one of the most influential Nigerian women through her multifaceted leadership.
Net Worth
Estimates of Awosika’s net worth vary widely. An estimate from Forbes Africa valued her at over $18.6 million, while other sources suggest around $5 million; both figures remain speculative.
Achievements
Ibukun Awosika’s path as one of Nigeria’s wealthiest women is paved with groundbreaking leadership, visionary business growth, and inspiring advocacy.
Below are her most notable achievements.
| Achievement | Description |
|---|---|
| Founded The Chair Centre Group | Created a leading furniture brand with broad influence in Nigeria. |
| First female Chairperson, First Bank of Nigeria | Made history in Nigeria’s banking sector. |
| Host of “Business His Way” TV program | Shares entrepreneurship insights through popular media. |
| Co-founder, After-school Graduate Development Centre | Supports career development for youth and female entrepreneurs. |
| Leadership roles across sectors | Chairs and advises companies in fintech, education, retail, energy, and governance. |
| Numerous awards & honours | Earned titles including Forbes Woman Africa Chairperson Award (2020), FATE Model Entrepreneur, IWEC, and more. |
13. Nike Davies
Nike Davies‑Okundaye, affectionately known as Mama Nike, is one of Nigeria’s most influential women, celebrated as both an acclaimed textile artist and a cultural preservationist.
Born in Ogidi, Kogi State, in 1951, she grew up immersing herself in the traditional art of Adire, a Yoruba indigo-dyeing craft, taught by her great-grandmother.
Her passion evolved into a lifelong mission: reviving this iconic textile art and empowering self-made women in Nigeria through education and creative enterprise.
Net Worth
Nike Davies‑Okundaye’s precise net worth is not publicly disclosed. Her wealth stems from art exhibitions, her galleries, and her enduring legacy in Nigeria’s cultural economy.
Achievements
As one of Nigeria’s wealthiest and most culturally significant women, Nike Davies‑Okundaye has created an enduring legacy that blends art, tradition, and social empowerment.
Her milestones spotlight how artistry can be a vehicle for both cultural revival and female economic empowerment.
14. Toyin Saraki
Princess Toyin Saraki, widely known as Toyin Ojora Saraki, is one of Nigeria’s most influential women, whose philanthropic leadership has placed her among Nigeria’s wealthiest female entrepreneurs in impact.
As the Founder-President of the Wellbeing Foundation Africa (WBFA), she champions transformative initiatives in maternal, newborn, and child health, while advocating for gender equity, education, and WASH (water, sanitation, and hygiene) across Sub-Saharan Africa.
Net Worth
Toyin Saraki’s net worth is not publicly disclosed.
Achievements
Toyin Saraki’s role as a health advocate and cultural leader places her among the most influential Nigerian women, drawing from both her heritage and her vision for equitable social health.
Here is a breakdown of her key achievements:
| Achievement | Description |
|---|---|
| Founded Wellbeing Foundation Africa (WBFA) | Launched a leading NGO dedicated to maternal, newborn, child health, socio-economic empowerment, WASH, and gender equality across Africa. |
| Global Health Advocacy | Holds roles such as Inaugural & Emeritus Global Goodwill Ambassador for the International Confederation of Midwives, UHC Global Champion (Devex), Save the Children Newborn Health Champion, UNFPA Family-Planning Champion, Global Champion for the White Ribbon Alliance for Safe Motherhood, and more. |
| WHO Advisory Roles | Serves as Special Adviser to the WHO Africa Independent Advisory Group and was appointed the inaugural WHO Foundation Global Health Ambassador. |
| Policy Champion & Donor Programs | Leads WBFA’s programs across MNCH (maternal, newborn, child health), WASH, nutrition (Alive & Thrive), Emergency Obstetric and Newborn Care, and community midwife training, in partnership with UN bodies and global universities. |
| Cultural Leadership | Holds royal and chieftaincy titles, including Princess Royal of Ijora and Iganmu, Erelu Bobajiro of Iru Land, and Yon Sabuke of Kaiama Kingdom. |
| Global Recognition & Institutional Leadership | Appointed World Economic Forum Champion for Global Health, Honorary Patron of Lifeline International, and serves on boards such as Seed Global Health, Africa Reach, and the World Humanitarian Forum Advisory Board. |
| Strategic Media & Campaign Innovation | Launched social media campaigns like #MaternalMonday, #WASHWednesday, and #ThriveThursday to drive awareness and engagement on key health issues |
15. Zainab Ashadu
Zainab Ashadu is a standout among Nigeria’s most influential women and a creative force in sustainable luxury.
As the founder and Creative Director of Zashadu, she is one of Nigeria’s richest female entrepreneurs through a brand that champions craftsmanship, cultural heritage, and ethical fashion.
Zashadu’s handcrafted leather handbags, crafted from sustainably sourced materials and created by local artisans, have earned global acclaim and positioned her among Nigeria’s most innovative female founders.
Achievements
Zainab Ashadu’s entrepreneurial journey shines as a model for self-made women in Nigeria, blending visionary creativity with sustainable business.
Below is a summary of her standout accomplishments:
| Achievement | Description |
|---|---|
| Founded Zashadu | Launched a sustainable luxury handbag brand in 2010, rooted in craftsmanship and cultural memory. |
| Awards & Recognition | Received industry honours such as Best Accessories Brand (Heineken Lagos Fashion & Design Week) and Entrepreneurial Excellence (West African Youth Awards). |
| Influence | Named among Lagos State’s 100 most influential women, reflecting her impact beyond fashion. |
| Wellness & Holistic Expansion | Founded Harmonious Whole in 2022, a wellness and energy-healing initiative extending her influence into wellbeing. |
16. Tara Fela-Durotoye
Tara Fela‑Durotoye is a celebrated Nigerian beauty entrepreneur and lawyer who has cemented her place among Nigeria’s richest female entrepreneurs and most influential Nigerian women.
A pioneer in the bridal makeup industry, she founded House of Tara International in 1998, launching the country’s first bridal directory, makeup school, and a beauty brand tailored to women of colour.
Her journey marked the birth of professional makeup artistry in Nigeria, turning passion and creativity into an enduring influence.
Achievements
Tara Fela‑Durotoye’s impact exemplifies the achievements of self-made women in Nigeria, building a business ecosystem that empowers thousands, defines industries, and earns global recognition.
Her milestones are detailed below:
17. Betty Irabor
Betty Irabor is a trailblazing media entrepreneur, author, and philanthropist. As the founder and Editor-in-Chief of Genevieve Magazine, she is one of Nigeria’s most influential women and a respected name among self-made women in Nigeria.
Since launching the magazine in 2003, she positioned it as Nigeria’s leading inspirational lifestyle and fashion title, deeply resonating with women across the country.
Her journey from columnist to media mogul exemplifies the path of Nigeria’s wealthiest female entrepreneurs, not only through financial success but also via cultural influence.
Achievements
Betty Irabor’s accomplishments reflect her visionary approach to media, storytelling, and philanthropy, key traits of Nigeria’s most influential women and self-made women in Nigeria.
Below are her most notable milestones:
| Achievement | Description |
|---|---|
| Founded Genevieve Magazine | Launched in 2003, the magazine grew into Nigeria’s premier lifestyle and fashion publication. |
| Established the Genevieve Foundation | Created in 2005, the foundation drives breast cancer awareness and hosts the annual Genevieve Pink Ball fundraiser. |
| Published memoir Dust to Dew | In 2018, she released her memoir Dust to Dew, sharing her deeply personal journey through depression. |
| Awarded Most Accomplished Female Publisher | Honoured in 2011 by the Association of Professional Women Bankers for her publishing excellence. |
| Hosted a talk show on Linda Ikeji TV | Presented “Life’s Lessons with Betty Irabor” on Linda Ikeji TV in 2017, extending her influence into broadcast media. |
| Promoter of mental health awareness | As a breast cancer survivor, she actively advocates for women’s health and mental wellness across Nigeria. |
18. Uju Ifejika
Catherine Uju Ifejika is a trailblazing Nigerian lawyer and oil executive, best known as the Chairperson and CEO of Brittania‑U Nigeria Limited (BUNL) and its affiliate Brittania‑U Ghana Limited (BUGL).
Through her leadership, she stands among Nigeria’s most influential women and is celebrated as one of Africa’s richest female entrepreneurs in the oil and gas sector.
Under her stewardship, BUNL acquired and developed major oil assets, breaking long-standing gender barriers in what has historically been a male‑dominated industry.
Achievements
Uju Ifejika’s legacy as one of Nigeria’s most powerful women in oil and gas, and among self‑made women in Nigeria, is built on strategic vision, pioneering corporate governance, and resilience.
Below is a snapshot of her most impactful milestones:
| Achievement | Description |
|---|---|
| Founded and leads an indigenous E&P company | Became Chairperson & CEO of Brittania‑U Nigeria in 2007, transforming it into a force in oil exploration and production. |
| Secured Ajapa Marginal Field | The company’s acquisition and development of the Ajapa field, estimated at $4.3 billion in reserves, established its upstream capabilities. |
| Expanded into trading and subsurface engineering | Established affiliates, including Data Appraisal Co. Ltd (2001), Nexttee Oil & Gas Trading Co. (2009), and Brittania-U Ghana Limited (2010), broadening the business’s portfolio. |
| Recognised globally for leadership | Named among the top six most powerful women in the global oil and gas industry and acclaimed as one of Africa’s richest women. |
| Honours for business excellence | Recipient of awards, including the African Businesswoman Award from Black Pumps (Los Angeles, 2013), marking her as a role model in business leadership. |
19. Amaka Ndoma-Egba
Amaka Ndoma‑Egba was a respected educationist, banker, and philanthropist, widely admired among Nigeria’s most influential women for her impactful contributions to education and community development.
As the founder of Start‑Rite School in Abuja, she championed values-driven education, nurturing young minds with purpose and empathy.
Her legacy continues through the Victor & Amaka Ndoma‑Egba Foundation (VANEF), which carries forward her passion for empowerment and social upliftment.
Achievements
Amaka Ndoma‑Egba embodies the strength of self‑made women in Nigeria whose greatest wealth lies in the lives they shaped and the institutions they built.
Below is a clear, heartfelt record of her most notable accomplishments:
| Achievement | Description |
|---|---|
| Founded Start‑Rite School | Established an Abuja-based educational institution rooted in strong values and holistic learning. |
| Pioneered values-driven education | Guided hundreds of students with her passion for character development and academic excellence. |
| Legacy memorialised through VANEF. | Following her passing, the Victor & Amaka Ndoma-Egba Foundation was launched to institutionalise her support for vulnerable communities. |
20. Yemisi Edun
Yemisi Edun made history as the first female Managing Director/Chief Executive Officer of First City Monument Bank (FCMB), standing tall among Nigeria’s most influential women and a leading figure among self-made women in Nigeria.
Her appointment in July 2021 marked a pivotal moment in Nigeria’s banking sector, demonstrating how Nigeria’s richest female entrepreneurs are not only defined by wealth but by leadership and impact.
Edun’s rise from internal audit to the top executive role at FCMB charts a path of excellence and perseverance.
Achievements
Yemisi Edun exemplifies the strength of Nigeria’s richest female entrepreneurs who have carved their paths through competence, integrity, and sustained impact.
From leading FCMB through growth and stability to gaining continental recognition, she continues to set benchmarks.
| Achievement | Description |
|---|---|
| First female MD/CEO at FCMB | Broke the glass ceiling in 2021 to become FCMB’s first female CEO. |
| Extensive leadership journey at FCMB | Joined FCMB in 2000 as Divisional Head, Internal Audit & Control; later served as CFO and Executive Director before ascending to MD. |
| Named Banker of the Year 2023 | Awarded by Leadership Newspaper for steering FCMB’s support for SMEs and raising the bank’s international profile. |
| Recognised as one of Africa’s Most Reputable Bank CEOs | Honoured among the “50 Most Reputable Bank CEOs in Africa” in 2021, alongside other industry leaders. |
Conclusion
In celebrating these remarkable women, we recognise that wealth is not only measured in naira but also in vision, resilience, and the lives they transform.
Nigeria’s richest women, from boardrooms to creative studios, continue to shape industries, break barriers, and inspire generations to dream bigger.
We want to see you succeed, and that’s why we provide valuable business resources to help you every step of the way.
- Join over 23,000 entrepreneurs by signing up for our newsletter and receiving valuable business insights.
- Register your business today with Entrepreneurs.ng’s Business Registration Services.
- Tell Your Brand Story on Entrepreneurs.ng, let’s showcase your brand to our global audience.
- Need help with your marketing strategy? Get a Comprehensive Marketing and Sales Plan here.
- Sign up for our Entrepreneurs Success Blueprint Programme to learn how to start and scale your business in just 30 days.
- Book our one-on-one consulting and speak to an expert about structuring and growing your business.
- Visit our shop for business plan templates and other valuable resources to guide you.
- Get our Employee-Employer Super Bundle NDA templates to legally protect your business and workforce.
- Advertise your business to over a million entrepreneurs through our different advertising packages.
Frequently Asked Questions (FAQs)
Who is the richest woman in Nigeria?
Folorunsho Alakija remains the richest woman in Nigeria, with a fortune built from oil, real estate, and fashion. She is the Vice Chairperson of Famfa Oil, one of the most lucrative indigenous oil companies.
How do the richest women in Nigeria make their money?
Their wealth comes from industries such as oil and gas, banking, real estate, media, fashion, and manufacturing. Many started businesses, while others expanded family enterprises into billion-naira ventures.
Are there self-made women on the list?
Yes. Women like Linda Ikeji, Mo Abudu, and Tara Fela-Durotoye built their businesses from scratch without inherited wealth. Their success came from innovation, consistency, and seizing opportunities in growing industries.
What can young entrepreneurs learn from these women?
Key lessons include hard work, strategic networking, smart investments, and resilience. Many of these women faced setbacks but stayed focused on their goals.
How do these women give back to society?
Philanthropy plays a major role in their success stories. They fund education, healthcare, entrepreneurship programs, and mentorship to support future leaders.
Can anyone become wealthy by following their examples?
Building wealth takes time, but their journeys show that success is possible with the right skills, determination, and business strategies. Learning from them can help aspiring entrepreneurs make informed decisions.
Are all of Nigeria’s richest women self-made?
No. While many, like Ibukun Awosika and Tara Fela-Durotoye, built their businesses from scratch, others inherited wealth or assets which they expanded through entrepreneurship and investment.
Are there female billionaires in Nigeria?
Yes. Notable examples include Folorunsho Alakija and Bola Shagaya, whose wealth has been valued in the billions of naira. They stand out among female billionaires in Nigeria for their sustained business success and influence.
One Response
I love this ❣️
I and I pray I will be like them someday 🙏