The richest female shareholders on the Nigerian Stock Market 2025 Q1 

The Nigerian All-Share Index (ASI) climbed by 697.68 points to finish at 105,660.64, marking a weekly gain of 0.66% and signaling renewed investor confidence.

With trading volumes rising by nearly 5% to hit 3 billion shares and market capitalization crossing N66.2 trillion, the first quarter has been particularly kind to major shareholders — especially these savvy women who have positioned themselves at the forefront of boardroom wealth.

From banking to manufacturing and healthcare, their holdings tell a powerful story of influence, leadership, and investment foresight.

Here are the richest women on the Nigerian Stock Exchange as of Q1 2025  based on direct and indirect shareholdings and the prevailing market prices as of March 28, 2025.

6. Nneka Onyeali-Ikpe

Value of ownership in Fidelity Bank Plc – N1.8 billion 

Mrs. Nneka Onyeali-Ikpe is the current Managing Director and Chief Executive Officer (MD/CEO) of Fidelity Bank Plc, a leading Nigerian financial institution.

The bank reported a pre-tax profit of N385.215 billion for the 2024 financial year that ended December 31, marking an impressive 210.01% year-on-year (YoY) growth. The bank also declared dividend per share of N2.10k, which will earn Mrs. Onyeali  N198.7 million in dividends receipt.

5. Olufunmilola Ayebae

Value of Ownership in Fidson Healthcare Plc -N1.35 billion 

Olufunmilola O. Ayebae, a Non-Executive Director at Fidson Healthcare Plc, holds a substantial equity position in the Nigerian pharmaceutical company.

As of April 2025, Fidson Healthcare is valued at a market capitalization of N42. 9 billion. It has approximately 2.2 billion shares at N18.7 per share. 

Her sustained shareholding reflects not only confidence in the firm’s financial fundamentals but also in its broader ambitions, including the construction of a $100 million pharmaceutical manufacturing plant at the Lekki Free Trade Zone, and a recent strategic partnership with Japan’s Ohara Pharmaceutical.

Her sustained shareholding reflects not only confidence in the firm’s financial fundamentals but also in its broader ambitions, including the construction of a $100 million pharmaceutical manufacturing plant at the Lekki Free Trade Zone, and a recent strategic partnership with Japan’s Ohara Pharmaceutical.

4. Adaora Umeoji

Value of Ownership in Zenith Bank Plc – N4.32 billion 

Adaora Umeoji is currently the first female Group Managing Director (GMD) and Chief Executive Officer (CEO) of Zenith Bank Plc. Her role and contributions have made her an integral part of the bank’s success.

Zenith bank, a tier 1 bank and one of the most capitalized banks in the country, is valued at N2.05 trillion as of April 2025. The bank also has 41 billion shares at N49.95 per share.

Umeoji’s shares have positioned her as one of the influential figures in Nigerian banking, with her holdings contributing to both her personal wealth and her continued influence in the financial sector.

3.  Joy Teluwo

Value of Ownership in NEM Insurance Plc-N4.33 billion 

Joy Teluwo is a Non-Executive Director at NEM Insurance Plc, a prominent Nigerian insurance company. The insurance company is valued at N64.7 billion in April 2025 and has total shares of 5.01 billion at N12.9 per share.

Total assets climbed to N110.158 billion, marking a 48.29% rise year-on-year, while shareholders’ funds surged by 54.21% to reach N59.671 billion.

Teluwo is also the Managing Director/Chief Executive Officer of Jotel Trade Park Limited. She joined Vigilant Oil & Gas in 2002 as the General Manager, where she established the company’s risk management framework. Additionally, she successfully manages three indigenous companies, including Tropical Farms

In accordance with the Companies and Allied Matters Act, Mrs. Teluwo, along with Alhaji Ahmed I. Yakasai, will retire by rotation and, being eligible, have offered themselves re-election at NEM Insurance Plc’s 55th Annual General Meeting.

2. Awele Vivian Elumelu

Value of ownership in Transcorp Plc- N22.53 billion 

Awele Vivian Elumelu is a prominent Nigerian businesswoman and philanthropist, best known for her role as Chairperson of Avon Healthcare Limited, a key player in Nigeria’s healthcare sector.

This was driven by strong performance across its core sectors. Total revenue surged to N407.9 billion, a 107.07% increase year-on-year, with the power sector contributing 82.8% of that figure.

1.  Abolanle Matel Okoh

Value of Ownership in Wema Bank Plc – N75.22 billion 

Abolanle Matel-Okoh, a Non-Executive Director at Wema Bank, is the daughter of renowned business mogul Sir Kessington Adebutu and ranks among the largest individual shareholders in Nigeria’s banking industry.

The bank delivered its strongest financial performance in over five years. According to its audited results for the year ended December 31, 2024, the bank recorded gross earnings of N433.43 billion, buoyed by rising interest income and deliberate asset expansion.

Profits before tax surged by 141% to N102.5 billion, marking a historic milestone for the bank, as it capitalized on higher interest rates and optimized its loan and investment portfolio.