Top 10 Richest Women in Nigeria

In Nigeria today and Africa as a whole, women are standing out and becoming top businesswomen and politicians, celebrities and even entrepreneurs.

In this article, is a list of top10 successful and richest women. These women are influential and outstanding in their different careers. Most of these women are CEOs and managers of their companies, are owners fo many properties and large investments.


Information gathered here is up to date and sourced from the renowned and popular Forbes magazine.

1 Folorunsho Alakija

Top on the list is Folorunsho Alakija. She is the richest woman In Nigeria and the second richest in Africa. Folorunsho whois the Executive Director of FAMFA Oil has held on tight on this position for years.

FAMFA Oil is company majoring in oil and gas exploration. Other businesses she manages include the Rose of Sharon prints, a fashion designing company formerly named supreme stitches then to Rose of Sharon House of Fashion.

The Rose of Sharon Fashion prints has now expanded even into the printing business. She is the Managing Director of the Rose of Sharon Group.

Career History:

After years of education both in Nigeria and the UK on secretarial studies and fashion designing, she first started work as a secretary at a young age of 23 with the Sijuade Enterprises in Lagos.

Her secretarial career saw her work at the famous First National Bank of Chicago which is now the First City Monument Bank. Also, she worked at the International Merchant Bank of Nigeria.

FAMFA Oil, her oil company has a net worth of $600 million. She also has a private jet worth over $40 million. Currently, now, Folorunso Alakija is the richest woman in Nigeria and the second richest in Africa. She once overthrew Oprah Winfrey in 2014 to be the Richest black woman in Africa and rated as the 80th most powerful woman in the world.


Folorunso Alakija, 68, is one of the Nigerian and African Billionaires (19th in Africa) and among the wealthiest in the world (1561 according to Forbes) with over $100 Million worth of real estate. She is the seventh richest black, together with Oprah Winfrey. Her net worth today is over $1.6 billion.

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2 Hajia Bola Shagaya

She is the second richest woman in Nigeria and the fourth in Africa. Hajia Bola Shagaya is a very successful businesswoman and a tycoon with lots of companies. Top on the list is the Bolmus Group International where she occupies the position of CEO.

The Bolmus Group International majors in banking, oil and real estates. She is also a board member of the Unity Bank Plc.


After years of education and training, Hajia Bola Shagaya started work at the Central Bank of Nigeria basically as an auditor. Away from work, she ventured into the photography industry and market, eventually becoming the major distributor for the Konica photography brand.


The Bolmus Group International is diversified in the Nigeria economy and market. However, this company major in oil also and this is where Hajia Bola Shagaya stands out. She is the managing director of Practoil Limited, an oil company founded in 2005.

She also owns lots of real estate properties in Nigeria, the US, and the UK. Her net worth is estimated to be over $1 billion.

3 Diezani Alison-Madueke

She is rightfully the third richest in Nigeria. Diezani Alison Madueke is a politician and a female with some records in Nigeria. She was once the first female president of OPEC and the first female Executive director of Shell Petroleum Development Corporation.


Her source of wealth is rooted majorly in the oil industry and in her political career, having held several offices in the Government.


After her education which took her to various countries like England, London and the US, she returned in 1992 and started work at the Shell Petroleum Development Corporation and became the Executive Director in 2006.

She has also held positions in the government namely Minister for Mines and Steel, transport and the first female Minister for Petroleum.

Net worth:

Diezani Alison-Madueke wealth comes majorly from the oil industry, although she has lots of real estate properties. Although her net worth is relatively unknown, she is worth over $1 billion.

4 Stella Oduah

Next on the list is Stella Oduah, one of Nigeria’s richest women. She is one time Federal Minister of Aviation in Nigeria. She is worth over $1 billion.

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Stella Oduah has worked as the Federal Minister of Aviation in Nigeria, she currently owns an oil company called the Sea Petroleum & Gas Company limited. Her political life saw her become the campaign Director of Administration and Finance for former President Goodluck Jonathan.

Net worth:

Stella Oduah net worth is over $1 billion.

5 Fifi Ejindu:

She is worth over $600 million. She is the fourth richest woman in Nigeria. Most of her wealth can be traced back to oil and gas, real estate and building construction.


She is actually the great grand-daughter of King Ekpo Bassey in Calabar. She graduated as an architect and started her company, the Starcrest Group of companies which are diversified in the Nigerian economy and market.

Net worth:

She is worth over $600 million with lots of investments in the oil and gas sector, real estate and building construction.

6 Stella Okoli:

Stella Okoli is the fifth richest woman In Nigeria with an estimated $500 million net worth. Most of her wealth is traced to her lifework and company, the Emzor Pharmaceuticals. She is an entrepreneur and businesswoman who has contributed greatly to the health care sector in Nigeria.


Having graduated as a pharmacist, and studied in the UK and London, she started work as a pharmacist with the Middlesex Hospital. She also worked at Boots the Chemist Limited and Pharma-deko.

Later she opened her pharmaceutical shop, Emzor Chemists Limited which metamorphosed and grew to become the popular and major pharmaceutical company in Nigeria, the Emzor Pharmaceuticals.


Stella Okoli’s net worth is estimated at $500 million. Notably, Emzor Pharmaceuticals is the producer of more than 30 drugs heavily consumed in the Nigerian market.

7 Daisy Danjuma

Daisy Danjuma is the next on our list of top 10 richest women in Nigeria. She is also one of Nigeria’s most successful women entrepreneurs. Daisy Danjuma is the wife of one of the richest man in Nigeria, General Theophilus Danjuma.


She has held various government positions in the past such as senator of the Federal Republic of Nigeria in 2003. Also chairman of the ECOWAS Parliament’s Women and Children’s Right Committee.

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Net worth:

Thanks to her many companies and offices she has held in the past, property mainly a $40 million super jet given to her by her husband, she is worth over $500 million.

8 Bimbo Alase

Bimbo Alase is one of the successful female Nigerian Billionaires. She is peculiar in her own way, having started small, struggling. Currently, she owns Leatherworld furniture company, a furniture business that started so small and has grown to become the biggest in Nigeria today.


Having graduated from the Pitman College, London, and Regent Academy of Design and Fine Arts, she started her furniture business which has grown to become very big and successful in Nigeria today.


Today Bimbo Alase is worth over $400 million and is one of the most successful and richest women in Nigeria.

9 Mo Abodu

One of Africa most successful women. She is said to own a Pan-African TV channel; the Hollywood Reporter. She is a top media personality and entrepreneur.


Mo Abodu owns a Pan-African TV channel; the Hollywood Reporter. She is one of Africa’s successful entrepreneur and philanthropist.


She has received various awards in her decorated career, most notably a doctorate (Honoris Causa) from Babcock University in 2013 and the Entrepreneur of the year by the Women Week in New York in 2014.

Net worth:

She is worth over $30 million dollars.

10 Haija Mariya Dantata

And finally, we have Haija Mariya Dantata. She is the mother of Aliko Dangote, the richest man in Nigeria today. Although she is late, most of her businesses and investment are still running as of today. Thanks to these, she is still valued as among the richest women in Nigeria today.

She is a philanthropist, and most of her wealth is traced to legal business. She was the richest woman in Nigeria during her time.
There are many more Nigerian women making waves and marks in the richest women category. However, that’s all for now. Drop a comment below.

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