Lifestyle
Who Is the Richest Woman in Nigeria?
In conversations about wealth and influence in Africa, Nigeria often takes center stage. While much of the spotlight falls on male billionaires dominating the oil, telecoms, and banking sectors.
A remarkable group of women are shattering glass ceilings and making their mark on the business world. They are the wealthiest women in Nigeria, not only accumulating great fortunes but also inspiring future generations with their drive and ingenuity.
Here are the stories of the top 5 richest women in Nigeria, their backgrounds, business ventures, and the influence they wield.


1. Folorunsho Alakija (Estimated net worth: $1 billion)
Folorunsho Alakija is a true self-made billionaire, defying stereotypes and paving the way for other women in Nigeria. In 2020, Forbes termed Folorunso Alakija the richest woman in Nigeria and “the most powerful woman in Africa.”
She started her career in fashion design, establishing a successful clothing line. However, her entrepreneurial spirit led her to explore new ventures. In the 1990s, Alakija’s company, Famfa Oil, was awarded an oil exploration license, propelling her to the forefront of Nigeria’s oil and gas industry. She is also a philanthropist, supporting education initiatives and empowering women through her foundation.
2. Hajia Bola Shagaya (Estimated net worth: $950 million)
Hajia Bola Shagaya’s journey began in the civil service, working as an auditor for the Central Bank of Nigeria. However, her entrepreneurial spirit soon took hold. She started by importing photographic equipment, laying the foundation for her successful business group, Bolmus Group International.
This diversified conglomerate has interests in oil and gas, real estate, banking, and photography. Shagaya is a prominent figure in Nigerian business circles and a role model for aspiring women entrepreneurs.
3. Daisy Danjuma (Estimated net worth: $900 Million)
Daisy Danjuma is the wife of retired Nigerian General Theophilus Danjuma, a prominent businessman. While details of her early career are limited, she has become a powerful figure in her own right.
Danjuma is the co-founder of Afenmai Austeniti Limited, an oil and gas exploration company. She is also known for her philanthropic work, particularly in the areas of education and healthcare.
4. Fifi Ekanem Ejindu (Estimated net worth: $850 million)
Fifi Ekanem Ejindu is an architect, entrepreneur, and benefactor with familial ties to King James Ekpo Bassey of Cobham Town, Calabar. She ranks among the foremost female architects in Nigeria and established the Starcrest Group of Companies, encompassing real estate development, architectural design, and investment sectors.
Her fortune is estimated at approximately $850 million. In 2013, she was honoured with the African Achievers Award for Lifetime Achievement in Arts and Fashion.
Renowned for her innovative and neo-traditional approach to architecture, Fifi continues to make significant impacts in her field.
5. Stella Okoli (Estimated net worth: $800 million)
Stella Okoli, an industrious pharmacist, business leader, and philanthropist, is the driving force behind Emzor Pharmaceutical Industries LTD. From a humble pharmacy, she has grown her business into a pharmaceutical giant valued at $800 million.
She also holds leadership roles as the Vice President of the Manufacturers Association of Nigeria and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture.
In memory of her son Chike Okoli, who passed away in 2005, she founded the Chike Okoli Foundation in 2006. This charity aims to fight poverty and diseases, with a special focus on preventing cardiovascular diseases. Stella Okoli also manages the Chike Okoli Centre for Entrepreneurial Studies.
Entertainment
Regina Daniels’ Viral Medical Reports On Drug Abuse Are Genuine – Ned Nwoko Confirms
The Senator representing Delta North senatorial district at the National Assembly, Ned Nwoko, has confirmed the viral medical reports in which his estranged wife, Regina Daniels, tested positive for cocaine, marijuana, alcohol, morphine, opiates and other hard drugs.
Naija News recalls that the medical report issued by Serenity Royale Hospital in Abuja and signed by its Managing Director/Head of Clinical Services, Dr. Adekunle Adesina, revealed that the movie star has been battling severe substance abuse and has been undergoing a detoxification program from September 9 to October 15, 2025.
The medical report stated that the hospital’s psychological emergency unit was called to Nwoko’s residence on September 23, when Regina had reportedly not slept for 48 hours and was visibly aggressive.
The report emphasized that Regina presented with verbal aggression, anger, agitation, and incongruent affect, with her mood described as “elated and evasive.”
The hospital also outlined several challenges encountered during the detox process, stressing that the thespian had made little progress in substance withdrawal because she “still has access to psychoactive substances, hence frustrating the process.”
However, the medical facility, in a statement via its Instagram page, said the leaked document did not emanate from them, as they are committed to ensuring medical confidentiality.
Ned Nwoko, in a statement issued on Saturday, pointed out that the medical facility did not deny authorizing the leaked document but only clarified that it did not publish the document.
Nwoko stated that Regina Daniels’ recent decisions are not coming from a stable and healthy frame of mind, stressing that she is vulnerable and exposed to individuals who exploit her for personal gain.
The statement added that Senator Nwoko is genuinely and deeply concerned for Regina Daniels to recover, be safe and present in the lives of her children.
Read the full statement below.



Entertainment
Regina Daniels: Hospital Denials Drug Test Result Released By Ned Nwoko (Photos)
The management of the Serenity Royale Hospital has denied Regina’s drug test results announced by Senator Ned Nwoko announced to the public.
The Daily Voice recalls that recently Senator Ned Nwoko posted the Regina drug results on his Instagram story claiming that ex-wife is positive for have been taking drugs (cocaine) which was one of the reasons he asked her to go for rehabilitation.

Regina said while thanking the hospital via her Instagram story. “Thank you for this, knowing the owner of this hospital being a family friend made me almost go crazy to sue y’all. But thanks for standing by knowing the truth amidst knowing your big fish in the family, saving your hospital and doing the right thing. So thanks and let me kill this”.
According to the lawmaker, who said the dispute between himself and his wife was as a result of the fact that Regina is into drugs.
From the desk of the management of the hospital, Serenity Royale Hospital has disclose that the ongoing news that’s being circulated by Ned Nwoko has not emanated from them.
Lifestyle
Leaked Drug Test: Regina Daniels Positive
Documents exclusively obtained indicate that Regina Daniels, the estranged wife of billionaire lawmaker, Senator Ned Nwoko, is excessively abusing drugs such as marijuana, cocaine and alcohol,
According to a laboratory test conducted by an expert and report made available to newsmen, the toxicology test on Regina showed positive to marijuana, cocaine, morphine, ipiates and alcohol at health- toxic levels.
According to the lawmaker, ‘Regina needs help and must go back to the Rehab centre which she started two months ago for medical attention’.
Recall that the lawmaker had opened up on the dispute between his wife, Regina, attributing their marital crisis to her battle with drug and alcohol addiction.
Regina had earlier accused Nwoko of assault and domestic abuse. She alleged that the violence in her husband’s home had become unbearable, saying Nwoko sent thugs to attack her.
“Ned sent thugs to attack me, I’m nothing in Ned’s house, but in my house, I’m a queen. I can’t stand the violence anymore; it’s too much,” the mother of two was heard saying in a viral video on Saturday, October 18, 2025.


Reacting via a statement shared on his Facebook page on Sunday, Nwoko denied allegations of domestic violence preferred against him by Regina, insisting that he had never been abusive to any of his wives.
The lawmaker, who also shared a video showing his properties allegedly destroyed by Regina, stated that despite having other wives, none had ever accused him of violence.
He wrote: “Regina was not always like this. Her current battle with drugs and alcohol abuse is the root of our problem. She must continue her rehabilitation program, or I fear for her life and safety.
“Now she has moved to a place where she will have unrestricted access to drugs. I have other wives, and none will ever accuse me of violence.
“Regina is the violent one here, slapping and hitting three staff in the past 48 hours and destroying property, including cars and windows, for no just cause.”
Nwoko explained that he had set a clear condition for Regina to undergo rehabilitation, either at a facility in Asokoro, Abuja, or abroad, to help her overcome addiction.Buy vitamins and supplements
Nwoko added: “The truth is, I have set a clear condition for her to accept rehab in Asokoro or outside Nigeria especially Jordan where she will not have access to drugs.
A clear headed Regina would have taken moon to the hospital but instead she even threatened to kill our resident nurse (for exposing her drugs abuse).
“While I took Moon to the hospital, a scene of chaos unfolded at home, orchestrated by Sammy, Regina’s main drug supplier. Another known supplier of drugs to Regina is the tiny evil devil called Ann.”
Nwoko in a WhatsApp chat with Regina said, “I won’t accept your friends coming here at odd hours again. First it was glam on Sunday night. I spoke with two of you to go to sleep at 1am or she should leave. She didn’t do either. It was an all night of noise and music and all that goes with it. By 3am another two friends joined you. They left the following afternoon. Again today, I asked you to go to.bed at 3am. You refused. It was was the noise of doors downstairs that woke me up. Lo and behold, you and Sonia were heading to your room at exactly 3.30am. You have shown so much disrespect in the past few days. I don’t know who is giving you drugs amongst them and this lifestyle is totally unacceptable and we can’t continue like this. It is either you continue with your therapy or you check into the rehab in Asokoro. My health is deteriorating because of your situation. I am worried about your life and what will happen with the kids. More importantly, I won’t fund your lifestyle again until you are fully rehabilitated.”
Nwoko added all his efforts to ensure he rehabilitated Regina were rebuffed by his wife and family members.
Recall that Regina Daniels had days back admitted to using hard drugs via her Instagram page stating other reasons for her addiction.
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