A Close Look At The 7 Richest Women In Nigeria


A few decades ago, women had no business owning companies, oil blocs, heading banks or being the chairpersons of important organizations. That has changed with time.

These days, many women are sticking their fists into businesses which were once headed by men and they are progressing. There are now more financially independent women than men, particularly in Nigeria.

In celebration of this, we have highlighted 7 of the richest women in Nigeria with a brief profile of each.



1. Folorunsho Alakija

She is undoubtedly the richest woman in Nigeria today. She had been at this vantage position for some years now and it looks like she is never going to give up. Aside from being the richest woman in Nigeria, she is also the second richest woman in Africa.

62-year-old Alakija is the Executive Director of FAMFA Oil, a company involved in oil and gas exploration and production.She is into fashion designing, which form part of the source of her wealth. However, the greater bulk of her wealth actually came from her oil company.

Her company is said to worth far more than $600 million as at today. In times past, this woman of affluence was the secretary of the International Merchant Bank of Nigeria,  a bank which is defunct today, and that was in the 70s.  This bank was one of the very first banks to be established in Africa.

Folorunso Alakija studied fashion designing in the UK and she returned to Nigeria afterward to establish her fashion outlet.

She overtook Oprah Winfrey as the richest black woman in the world in 2014. In addition, Folorunsho Alakija is also involved in a printing business.

Her net worth is more than $2.1 billion. If you convert that into Nigerian currency (Naira), you should have N350 billion. She has other @ssets that has skyrocketed her to that position, like real estate worth more than $100 Million and a private jet worth $46 million.

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