• 2 years ago
Categories: LeadershipSpotlights

All The Stats On 5 Nigerian Business Women

The business world in Nigeria has evolved. Unlike in the past, it’s no longer a man’s world, and women have begun to dominate industries.

Here’s a profile of 5 Nigerian women dominating in their fields of business:


Tara Fela-Durotoye

Tara Fela-Durotoye is a Lawyer and award-winning Makeup Artist. She is the founder/CEO of , a Nigerian makeup company, and creator of the Tara Orekelewa Beauty range, Inspired Perfume and the H.I.P Beauty range.

Tara started House of Tara International at the age of 20, whilst an undergraduate in the Faculty of Law, Lagos State University. It has grown from a small make-up business into a franchise enterprise with three main lines of business: the Make-up Studio, the Makeup School and the Tara product line comprising beauty products and professional make-up kits.

In 2007, Tara was awarded the Africa SMME Award and the Entrepreneur award in South Africa and in 2013, she was nominated as a Young Global Leader by the World Economic Forum and also listed on Forbes as one of 20 Young Power Women In Africa.


Mosunmola Abudu

Described by Forbes as “Africa’s Most Successful Woman”, Mo Abudu is Nigerian talk show host, TV producer, media personality, human resources management consultant, entrepreneur and a philanthropist.

She is the Executive Producer & host of a TV talk show, Moments with Mo, which is the first syndicated daily talk show on African regional television. The show has recorded numerous topics ranging from lifestyle, through health, culture, politics, entertainment, tradition, to music and inter-racial marriages and has had guests that included celebrities, Presidents, Nobel Laureates, and the 67th US Secretary-of-State Hillary Clinton.

On July 1 2013, Mo Abudu launched Ebony Life TV, “Africa’s first Global Black Multi-Broadcast Entertainment Network”. She has been honoured with many laurels, including recognition by Forbes Media as the first African woman to launch a Pan-Africa TV channel; and Entrepreneur of the Year award by Women Werk in New York.


Folorunsho Alakija

Folorunsho Alakija is a business tycoon involved in the fashion, oil and printing industries. She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited, an oil exploration company.

Alakija is one of the richest African women and also one of the richest black women in the world. According to Forbes, she is 4th richest person in Nigeria, with a of  $1.62 billionAs of 2016, she was listed by Forbes as the 80th most powerful woman in the world.


Ibukun Awosika

A multiple award-winning entrepreneur, and the founder and CEO of The Chair Centre Group. In her quest to be independent, she established a furniture manufacturing company called Quebees Limited in 1989 before it evolved into The Chair Centre Limited and later SOKOA Chair Centre Limited following a venture merge with SOKOA S.A and in 2004. The companies in the group include The Chair Centre Limited, Sokoa Chair Centre Limited, Furniture Manufacturers Mart Limited, and TCC Systems and Services Limited and are involved in furniture manufacturing, retail and bank-way security systems services.

Ibukun Awosika was the First Nigerian recipient of the prestigious International Women Entrepreneurial Challenge Award (IWEC) as a nominee of the US Department of State in 2008, and also the first female chairperson of First Bank of Nigeria.


Bola Shagaya

Bola Shagaya is the founder and CEO of Bolmus Group International – a diversified Nigerian conglomerate with interests in oil, real estate, banking, communications and photography.

She started her career with the audit department of the Central Bank of Nigeria before venturing into commercial activities in 1983. Her entrepreneurial journey started with the importation and distribution of photographic materials, when she introduced the Konica brand of photographic materials into the Nigerian market and West Africa. That was the birth of Fotofair Nigeria Limited, a leading photo laboratory company in Nigeria.

Hajia Bola Shagaya is also the managing director of Practoil Limited, one of the largest importers and distributors of base oil in Nigeria, serving local lubricant blending plants. Her businesses also includes huge investment in real estate, spanning across major cities in the country.


Do you know of other women blazing the trail? Let us know in the comments!

All The Stats On 5 Nigerian Business Women was last modified: August 11th, 2017 by Obiageli Asika