The 7 Richest Women On Nigerian Stock Exchange With Over N23Bn Worth of Investment
Nigerian stock investors’ wealth increased by over N1.08 trillion in one week (between August 28 and September 1).
This happened as the NGX market capitalization increased to N36.958 trillion at the end of trading on Friday, September 1, 2023.
Seven Nigerian women investors have seen their fortunes improve as a result of the successful performance of NGX.
Due to the value of their shareholdings in various companies, they currently hold the title of being the richest women on the NGX.
These women include Awelu Elumelu, Abolanle Matel Okoh, Ifeoma Esiri, Adaora Umeoji, Olufunmilola Ayebae, Joy Teluwo, and Nneka Onyeali-Ikpe.
The total value of their holdings as of Friday’s trading end exceeded N23.163 billion.
Because of access to capital, there aren’t many Nigerian women who invest in stocks, but seven of them are actively changing the story.
Awele Elumelu- (N13.81 billlion)
The wife of Nigerian billionaire Tony Elumelu is currently the wealthiest female investor on the Nigerian Stock Exchange.
An accomplished medical practitioner, she owns 2,070,794,804 shares in Transcorp, translating into a 5.1% stake in the company.
The value of her shares as of September 1, 2023, stood at N13.81 billion, a massive increase from N10.93 billion on August 28, 2023.
This indicates that Awele Elumelu made a whopping N2.8 billion from the movement of Transcorp shares within a week.
Abolanle Matel Okoh (N3 billion)
Abolanle Matel Okoh is the daughter of Nigerian gambling magnate Kessington Adebutu, the founder of Premier Lotto, and the largest shareholder in Wema Bank.
Adebutu is the beneficial owner of Neemtree Investments, which controls 28.09 percent of Wema Bank. But Okoh, in her name, owns 583,333,333 shares in Wema Bank, presently worth NGN 2.9 billion ($3.75 million).
The value of her shares in Wema Bank is worth N3.07 billion.
Ifeoma Esiri (N2.78 billion)
Ifeoma Esiri, a Lawyer, owns 43,497,009 shares in the financial services group Stanbic IBTC Holdings. Her shares are worth NGN 2.8 billion ($3.63 million).
The value of her shares was N2.78 billion at the close of trading on Friday.
Adaora Umeoji (N2.3 billion)
Adaora Umeoji is the Deputy Managing Director of Zenith Bank Plc, Nigeria’s second-largest financial services group by market capitalization.
She owns 68,873,169 shares in the bank, which is worth N2.36 billion as of Friday, September 1
Joy Teluwo (N2.26 billion)
Joy Teluwo is the managing director and CEO of Jotel Trade Park Limited. She is also a non-executive director at NEM Insurance.
She owns 427,191,932 direct and indirect NEM Insurance shares as of December 31, 2022.
Legit.ng calculations show the shares were worth N2.26 billion at the close of trading on Friday.
Olufunmilola Ayebae is a director of Fidson Healthcare Plc, a leading pharmaceutical manufacturing company in Nigeria and one of only three pharma companies listed on the Nigerian Stock Exchange. She is the wife of Fidelis Ayebae, the founder of the company. She owns 74,629,500 shares in the company, worth NGN 739 million ($956,916).
Checks show she owns 74,629,500 shares in the company worth N1.21 billion.
Nneka Onyeali-Ikpe is the first female CEO of Fidelity Bank Plc.
Data obtained from Fidelity Bank shows she owns 69,644,260 shares in the bank, which, at the close of business on Friday, were worth N539.74 million.
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