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Top 7 Nigerian Women On the Nigerian Stock Exchange Market

Top 7 Nigerian Women On the Nigerian Stock Exchange Market 


The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group(NGX) is an important part of the Nigerian economy, as it allows companies to access capital and grow, while also providing lucrative investment opportunities. The NGX boasts a market capitalization of 37.3 trillion Naira and hosts 155 listed companies across various sectors, including industrial goods, telecommunications, consumer goods, banking, and oil and gas.

Dangote Cement is currently the most valuable company on the NGX with a valuation of N5.99 trillion ($7.9 billion), surpassing MTN. Other notable stocks on the exchange include Zenith Bank, BUA Foods, SEPLAT Petroleum Development Company Plc, among others.

Notably, seven influential women are marked as prominent investors on the exchange. The combined value of their investment is at an estimate of about N68.163 billion.

Dr. Awele Vivien Elumelu

Dr. Awele Vivien Elumelu, wife of the Nigerian Billionaire, Tony Elumelu is the Chairperson of Avon Healthcare Limited. She is also the Chief Executive Officer of Avon Medical Services Limited and oversees the healthcare investments of Heirs Holdings.

Dr. Awele holds a 5.1 percent stake in Transcorp company with as much as 2,070,794,804 shares. This is currently valued at N13.81 billion, making her the wealthiest woman on the Nigerian Stock Market.

Abolanle Matel-Okoh

Abolanle Matel-Okoh, daughter of the Premier Loto founder, is a member of the Nigerian Bar Association and the New York State Appellate Division, Third Department Bar.

She is also the Chief Executive Officer of Havilah Ventures Ltd., and on the board of Wema Bank Plc., where she owns 583,333,333 shares. She’s currently reputed as the bank’s largest shareholder, valued at N3. 7 billion.

Ifeoma Kilian Esiri

Ifeoma Kilian Esiri is a Non-Executive Director at Stanbic IBTC Holdings. She is a Member of the International Bar Association, Member of the Nigerian Bar Association, Member of Institute of Directors, Member of Nigeria Economic Summit Group and on the board of 14 other companies.

Ifeoma owns 43, 497, 009 shares in Stanbic IBTC Holdings. Her shares are worth N2.78 billion.

Adaora Umeoji

Adaora Umeoji was recently reappointed as the Deputy Managing Director of Zenith Plc. She is a Member of the Nigerian Institute of Management, Member of Institute of Certified Public Accountants of Nigeria, Member of Chartered Institute of Bankers of Nigeria, Member of Institute of Credit Administration, and Member of Institute of Chartered Mediators and Conciliators. Adaora Umeoji rose to the position of the Zenith Bank Deputy Managing Director in October 2016, having over 20 years of cognate banking and broad executive management experience.

She owns 68, 873, 169 shares in the bank, and it is valued at #2.36 billion.

Joy Teluwo

Joy Teluwo is a registered nurse, and the Managing Director and CEO of Jotel Trade Park Ltd. She is also a Non-Executive Director at NEM Insurance where she owns 427, 191, 932 shares worth N2.26 billion.

Olufunmilayo Ayebae

Olufunmilayo Ayebae, wife of Fidelis Ayebae, the CEO of Fidson Healthcare Plc., one of the leading pharmaceutical manufacturing companies in Nigeria. Olufunmilayo is a Director in the company, owning 74,629,500 shares worth N1.21 billion.

Currently, Olufunmilola O. Ayebae holds the position as Chief Executive Officer for Townhouse Ltd.

Nneka Onyiali-Ikpe

Nneka Onyiali-Ikpe is the first female Managing Director and CEO of Fidelity Bank Plc. She owns 69, 644, 260 of the bank’s shares, and they’re valued at N593.74 million.

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