Richest Women In Nigeria: Their Profile and Net Worth

Are you searching for the richest women in Nigeria? Will you like to know the wealthiest women in the country currently?

While many know about Folorunsho Alakija, Nigeria’s richest women, very few know about other ladies that are seriously making waves in the world of business across the country.

Some of these women like Alakija are even far wealthier and influential than several men and are among the richest people in Nigeria today.

Talk about owning successful business, several mansions, luxury cars, private jets and very expensive yachts, these women of wealth have them all.

Most of them like their male counterparts made their money from the OIl and gas industry. Others made theirs fashion, real estate, food commodities and also banking and finance.

Due to how successful they have been in their various industries, most of them have been in their various industries, most of them have been globally recognized and honoured with several awards, the kinds you cannot easily come by.

Without taking much of your time, let me show the richest women in Nigeria. (Keep reading).

Richest Women in Nigeria

Below are the wealthiest women in Nigeria. This list includes those in business and several other categories.

1.) Folorunsho Alakija

As of 2014, Folorunsho Alakija was named the richest black woman alive by Forbes, overtaking Oprah Winfrey for that spot.

Till today Mrs. Alakija is still the richest woman in Nigeria and the second richest woman in the whole of Africa.

Apart from that, Forbes ranked her the third richest person in Nigeria 2018 (men and women combined) and the eighth richest black person in the world 2018.

Like so many world billionaires out there, Mrs. Alakija makes her money mostly from her oil company, FAMFA Oil.

A very successful oil and gas company in Nigeria that many people rate among the best. She is also into fashion, printing and real estate business.

Today in Nigeria, Mrs. Alakija is not only known for her great wealth, she is also known for her philanthropy and spiritual life. According to her, it was the glory of God that made her rich.

I remember going through her official Facebook page where I saw a photo she posted with the following words:

“Never mind those who tell you to leave God out of your business, your business is God’s business.”

A visit to her official website www.folorunshoalakija.com will show you this woman meant everything she said up there.

At 68 (she was born 1951), Mrs. Folorunsho Alakija is still raking in the billions like she is forty. Little wonder she owns a private jet, luxury cars and several very expensive mansions.

As of 2019, Mrs. Alakija is estimated to be worth over $1.4 billion. Yes she is worth a lot more than that.

2.) Hajia Bola Shagaya

With a net worth of over $1 billion, Hajia Bola Shagaya is the second wealthiest woman in Nigeria and as well the fourth in Africa.

She is the CEO of Bolmus Group International, a business corporation that is into real estate, banking and finance and also Oil and Gas.

She is a board member of Unity Bank PLC. One of the leading financial institutions in Nigeria and diaspora.

She is reported to have over 100 properties (houses) in and outside of Nigeria and also into Photography and Telecommunications.

Though she is the second richest woman in Nigeria, Hajia Bola Shagaya is a very private person who hardly makes noise about her wealth. You can hardly find her on any media talking carelessly.

The woman is also said to be a lover of luxury rides and even has a $30 million private jet she uses for her business activities and so on.

If anyone deserves to be on this list for her hardwork apart from Alakija, it is indeed Bola Shagaya. The lady is seriously the type that never jokes with her business.

3.) Fifi Ejindu

Fifi Ejindu is the great grand daughter of King Ekpo Bassey, a one time king of Cobham town in Calabar, Cross River State, Nigeria.

She studied architecture at Pratt Institutes, United States and on her return to Nigeria started her company Starcrest Group of Companies.

Today her company is heavily into Oil and Gas, building and construction and also real estates. As a matter of fact, majority of her money comes from this company in particular.

Though the woman is not as popular as Alakija or even Bola Shagaya, she is today among the wealthiest women in business in the country.

With a net worth of over $600 million, she is Nigeria’s third wealthiest woman and also among the richest women in Africa.

Mrs. Ejindi is not just your usual kind of architect, she is a very successful one.

4.) Stella Okoli

Have you ever heard of Emzor Pharmaceutical Industries Limited, the company that produces Emzor Paracetamol and several other drugs that are very popular in Nigeria today? Dr. Stella Okoli is the founder and chairperson.

Stella Okoli is not just after the money alone, her company is working very hard to make drugs very very cheap for Nigerians in order to promote good health all over the country.

She is one of the very few Nigerians that have been internationally recognized for her efforts in providing good health care in the country.

Her company’s products are widely recommended even outside Nigeria. There is hardly a hospital in the country (private and government owned) where you can’t find drugs from her company.

In 2019 Dr. Okoli is estimated to be worth over $500 million, making her one of Nigeria’s wealthiest women alive.

So the next time you come across Emzor Paracetamol or any of the numerous drugs the company has produced, remember the name Dr. Stella Okoli. She is the brain behind that company.

5.) Bimbo Alase

From being the owner of a small furniture store in Lagos long time ago, Mrs. Bimbo Alase is today the owner of the multi million dollar furniture company known as Leatherworld Furniture Company.

How did the company rise to such great heights? Well, the truth is that Bimbo Alase has always been a very hardworking businesswoman, an entrepreneur that has always wanted to do things differently.

In 2015 she led company to partner with Italian furniture makers NIERI and together they have expanded their business across Africa.

It is reported that her company, Leatherworld Furniture is responsible for some of the top quality furniture you can ever come across in Lagos, Abuja, Port Harcourt and several other parts of Nigeria today.

Bimbo Alase is one of the few Nigerian entrepreneurs whose success story continues to inspire so many young businessmen and women out there.

She is currently estimated to be worth about $400 million and has fully taken her place among the richest women in Nigeria today.

Other notable names that are constantly being mentioned among the top 10 richest women in Nigeria even though they are no longer alive today includes the following:

6.) Mariya Dantata

There are very few people that passed on and their wealth continues to accumulate. Hajia Mariya Dantata happens to be one of them.

Due to how this rare breed of an entrepreneur built her business, it has continued to grow and generate huge income even after she is gone.

Though many people claim she is that wealthy because her son Aliko Dangote is the richest man not just in Nigeria but Africa as a whole, that claim has been proven to be false.

Mariya Dantata is a woman who never depended on her son to be rich. She actually made her own money from her numerous businesses which stretches beyond Nigeria.

She is reported to be so hardworking that while she was alive, she regularly made the list of the top 7 richest women in Nigeria.

7.) Maryam Babangida

I have come across this name being mentioned on several trustworthy sources as one of the richest women of her days.

It us reported that Maryam Babangida successfully established many businesses even outside the shores of Nigeria. These businesses are today being handled by her family members.

So the next time you search online for either the top 8 richest women in Nigeria or even the top 10, remember that the list can never be complete without the name Maryam Babangida. Unless you are referring to those alive now.

Did she not get majority of her wealth from her husband being the former Nigerian head of state? Well that’s an argument for another day.

However the truth is that even before her husband became the military president of Nigeria, Hajia Maryam Babangida has already established several businesses in the country.

Final Statement

Nigeria is blessed with several businessmen and women who are forever changing the way business is being done in the African continent.

Women like Alakija, Nigeria’s richest woman have refused to back down regardless of the opposition they encounter on the way.

Little wonder their names are being mentioned alongside the men in the list of the wealthiest people in Africa.

What do you think about the list of richest women in Nigeria? Let’s hear your thought in the comment section.

Adebisi Frank

Hi Guys! My name is Adebisi Frank. This website is where I share how much Nigerians of different professions and industries makes and how much the top ones are worth.