Top 7 Richest Women in Nigeria

Nigeria’s business landscape is marked by the significant contributions of its women, who have transcended conventional boundaries to redefine success. These richest women in Nigeria are not just leaders in their fields but are also catalysts for change, driving economic growth and inspiring future generations.

From pioneering ventures in oil and gas to making strides in pharmaceuticals and architecture, their influence extends far beyond Nigeria’s borders.

Here’s a closer look at the top seven richest women in Nigeria who are shaping the future of the country and beyond.

Folorunsho Alakija

Folorunsho Alakija, Nigeria’s richest woman with an estimated net worth of $1 billion, is a formidable force in the business world. As Vice Chair of Famfa Oil, she holds a significant stake in the Agbami Oilfield, a major offshore asset operated in partnership with Chevron and Petrobras.

Alakija’s career began in fashion with Rose of Sharon House of Fashion before she transitioned to the oil industry, where she successfully defended her ownership rights against government claims. Her philanthropy extends through the Rose of Sharon Foundation, which supports widows, orphans, and the underprivileged.

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Bola Shagaya

Bola Shagaya, a leading figure in Nigeria’s business scene, is the founder of Practoil Limited. Her company, known for importing and distributing base oil, plays a crucial role in Nigeria’s oil industry. Shagaya’s business journey began with introducing Konica photographic materials to West Africa, and she has since expanded into real estate and fashion. She holds a degree in Economics from Ahmadu Bello University and studied Accountancy in California.

Winifred Akpani

Winifred Akpani, an accomplished entrepreneur, founded Northwest Petroleum & Gas Company Limited with an initial investment of 200,000 Naira. With a strong background in accountancy and computer science, Akpani’s company has grown to be a key player in Nigeria’s oil and gas sector. Her ventures include Midwestern Oil & Gas Company Limited, and she has also been actively involved in corporate social responsibility.

Audrey Joe-Ezeigbo

Audrey Joe-Ezeigbo co-founded Falcon Corporation Limited, a major player in Nigeria’s energy sector. As Deputy Managing Director, she has significantly contributed to the company’s expansion across oil and gas, engineering, construction, and real estate. Her accomplishments include the Ernst and Young Entrepreneur of the Year West Africa Award in 2014. Joe-Ezeigbo is also an author and global speaker, dedicated to empowering entrepreneurs.

Stella Okoli

Stella Okoli, the driving force behind Emzor Pharmaceutical Industries LTD, has transformed her initial pharmacy into a leading pharmaceutical company valued at $800 million. Her leadership extends to industry associations where she holds key roles, including Vice President of the Manufacturers Association of Nigeria. Through the Chike Okoli Foundation, named in honor of her late son, Okoli tackles poverty and diseases, with a focus on cardiovascular health.

Daisy Danjuma

Daisy Danjuma, co-founder of Afenmai Austeniti Limited, has established herself as a powerful figure in Nigeria’s oil and gas sector. Her philanthropic efforts are centered around education and healthcare, highlighting her commitment to social impact. Though details of her early career are less known, Danjuma’s influence in business and charity underscores her significant role in Nigeria.

Fifi Ekanem Ejindu

Fifi Ekanem Ejindu is a trailblazer in architecture and entrepreneurship. She founded the Starcrest Group of Companies, encompassing real estate development, architectural design, and investment. With a fortune estimated at $850 million, Ejindu’s innovative approach has earned her the African Achievers Award for Lifetime Achievement in Arts and Fashion. Her contributions continue to make a substantial impact in her field.

Shaping the Future

These remarkable women exemplify the strength, vision, and resilience required to lead and innovate in Nigeria’s dynamic business environment. Their achievements not only propel their respective industries forward but also set a powerful example for aspiring entrepreneurs. 

As they continue to break barriers and drive economic progress, they reaffirm that true power and influence come from a relentless pursuit of excellence and a commitment to making a difference.