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10 Most Successful Female Entrepreneurs in Nigeria



successful female

I’ll start this article by giving you the woman entrepreneur definition. Who is an woman entrepreneur? Simply put a woman who is self-employed. So that means the women we would be featuring on this list are self-made women; women whose bulk of wealth did not come from working for other established organizations or companies but rather from their own innovative endeavors and establishments. Another metric we are also using is recognition from international bodies like Forbes, CNN etc.

A lot of women in Nigeria run and own their own businesses and doing very well for themselves, even better than some men. But there are a select few that are indeed pacesetters in their chosen fields and they are deserving of every accolade and recognition they can get. So we have made a list of the very top 10 most successful female entrepreneurs in Nigeria.

Check out who made our list:


1.     Folorunsho Alakija

Folorunsho Alakija is the richest woman in Nigeria. In 2014 she even unseated Oprah Winfrey and became the richest woman of black descent alive.

Folorunsho started out her walk to wealth with a secretary job. She went on to establish her own tailoring company- supreme stitches. There after she delved into oil and has remained a billionaire since then. Her net worth is estimated to be $1.9 billion. She owns 60% of Famfa Oil Limited. She is indeed the most successful woman on this list of the most successful female entrepreneurs in Nigeria.

Hajia Bola

Hajia Bola Shagaya


2.     Hajia Bola Shagaya

Hajia Bola Shagaya also started out with working a corporate job. She first worked with the audit department of the Central Bank of Nigeria before she delved into the commercial sector in 1983.

Today she owes a huge part of her wealth to oil. She is the managing director of Practoil Limited which is one of the largest importers and distributors of base oil in Nigeria. She also has investments in real estate.

Dr Stella

Dr Stella Okoli

3.     Dr Stella Chinyere Okoli

Dr Stella is probably the person most deserving to be on this list. Not because of how much wealth she has amassed to her name but rather because of how much she has contributed to making life as easy and healthy as you know it.

Every time you get a headache and you take Emzor Paracetamol to make it go away and it works you have Dr Stella to thank. She is the CEO and founder of Emzor Pharmaceutical. And she has made it her duty to provide quality drugs at such cheap and affordable rates.

She is worth $500 million.

Bimbo Alase-entrepreneur

Bimbo Alase

4.     Bimbo Alase

Bimbo Alase’s wealth stems from furniture. She is the owner of the prestigious Leatherworld Furniture Company. She first started it as a small furniture store in Lagos and then it expanded to be the force it is today. She is worth $400 million and so is worthy of being regarded as one of the most successful female entrepreneurs in Nigeria.


Fifi Ejindu


5.     Fifi Ejindu

Fifi Ejindu is an architect, businesswoman and philanthropist. She describes her style of architecture as Neo-traditional which in her words mean “building a new project with new materials but with traditional and old style details and features.”

She is the founder of Starcrest group of companies.



Linda Ikeji

6.     Linda Ikeji

Linda Ikeji is probably the most popular person on this list. She is the highest paid blogger in Nigeria.

And even though she may not have a net worth rated in billions, she is on this list because she is an entrepreneur that is indeed innovative. Some people like her, some don’t but either ways she has found a way to make millions for herself by appealing to and tapping from every Nigerians weakness which is the love for gossip.

Yes, she made millions from gossip blogging so is indeed deserving to be on the list of the most successful female entrepreneurs in Nigeria.

Tara Fela

Tara Fela Durotoye

7.     Tara Fela Durotoye

Tara Fela Durotoye is a Nigerian make-up artist and lawyer. In case you are wondering what a make-up artist is doing on this list, she is not just a make-up artist. She is the founder and CEO of House of Tara International and creator of the Tara Orekelewa Beauty range, Inspired Perfume and the H.I.P Beauty range.

And she is on this list because she has managed to build an empire from something many people consider trivial- Makeup! House of Tara is one of the most prestigious make-up brands known and recognized for its quality and high price and this indeed makes Tara one of the most successful female entrepreneurs in Nigeria.


Uche Eze-Pedro

8.     Uche Eze-Pedro

Uche Eze- Pedro is a blogger, social media expert and entrepreneur. She is the founder of the famous and prestigious BellaNaija.

BellaNaija is an online magazine and blog that focuses on reporting news, entertainment, fashion, lifestyle and other media content aimed at Pan-African and Nigerian audiences. BellaNaija has grown to become synonymous with fame and prestige. It is indeed every Nigerian’s dream to be featured on the website.

successful female

Olajumoke Adenowo


9.     Olajumoke Adenowo

Olajumoke Adenowo is an award winning architect, entrepreneur, speaker, radio host, author and philanthropist. She is also the founder of boutique architecture and interior design firm AD Consultin which is based in Lagos, Nigeria which she founded when she was only 26. Her company has worked for leading world brands like Coca-cola.

She has been recognized internationally by CNN as “Africa’s Starchitect” and as “the face of Architecture in Nigeria” by The Guardian. She hosts “Voice of Change” a radio show on leadership.


Betty Irabor

10.Betty Irabor

Betty Irabor started out as a freelance writer for ThisDay and Vanguard newspapers and today she is the founder and publisher of Genevieve magazine. So she is on this list because she is also innovative, she took advantage of how much people love fashion, style, news and merged it to build something profitable for herself. The popularity and respect accorded Genevieve Magazine is enough to make Betty one of the most successful female entrepreneurs in Nigeria.

She is also a champion for breast cancer awareness with her nonprofit known as Genevieve PinkBall Foundation.








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Top 10 Forex Brokers In Nigeria And Their Platforms



Top 10 Forex Brokers In Nigeria 2018



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App & Software

Top 10 Refer and Earn Apps in Nigeria 2020



Hello there! Do you want an extra source of income? Or, are you interested in making some cool cash without having to risk investing a start-up capital? Do you just want to make some more productive use of your mobile phone, in generating some cash for yourself? If your answer to any of these questions is YES, then you’ve got yourself an opportunity to achieve just that by following this article to the end! This article discusses in detail the top 10 refer and earn Aapps in Nigeria 2020.

In the following paragraphs, you’ll get to know about a few mobile apps which pays you just for referring others to use the app.

But before going through these apps, here are a few things I feel you need to note before you could start earning:

  1. You need to be a registered user of the applications.
  2. You’ll need some data particularly for installing and running the applications.
  3. Trying to earn an income from this apps is NOT a Get-Rich-Quick thing. The earnings from these apps are not always gigantic, although they could add up really quickly if you out in more effort.
  4. The earnings may seem so little at the first. But don’t be discouraged; the more the referrals you make, the more you earn.
  5. You don’t need any special skill to start and/or manage these apps or the referral process. You can simply use the traditional methods to get new referrals from time to time; and finally
  6. You can start right away!
Top 10 Refer and Earn Apps in Nigeria

Top 10 Refer and Earn Apps in Nigeria

Top 10 Refer And Earn Apps in Nigeria 2020

See some of the top 10 refer and earn apps in Nigeria 2020 below:

(1) SumoTrust Affiliate

SumoTrust affiliate is a refer-and-earn program by a Nigerian-owned financial oraganization named SumoTrust. They are an automated investment/savings, learning and finance management organization. They help users in effectively planning their money, as well as make wiser financial and business decisions. Users set savings goals, and work towards achieving them over their forecast time. They also have other options where you can fix your savings you don’t want to spend over a period of time.

But how does their affiliate program work?

All they want from you is to share a referral link gotten from your Affiliate Earnings section in the account which you have with them. Send it to your friends on various social media handles such as Twitter, WhatsApp, etc. and ask them to join Sumotrust.

For each successful referral that registers and saves up to seven thousand five hundred naira (N7,500), you earn six hundred naira on the go! You can reach them on or download their app from your respective application store.

(2) Motute Affiliate

Motute is an education-based app in partnership with SumoTrust. Motute (a.k.a. Mobile Institute) is a learning and teaching marketplace which connects instructors in various fields from around the world to organizations, individuals or group of individuals towards imparting novel skills and knowledge in building better careers as well as gaining financial freedom.

To participate in Motute referral program:

  • Download the app from your respective stores
  • Register with them
  • Then tell your family and friends about buying a course with them.

For every sale you bring to Motute, they pay you 25% commission. There you go.

(3) VFD Microfinance Bank App

VFD Microfinance bank app is a financial institution that operates a little differently from your regular bank. VFD microfinance bank boasts of putting out “Nigeria’s first truly virtual bank,” V. The application is free, and there aren’t any hidden charges either for funds transfer within or outside VFD.

How can you make money through VFD Microfinance bank app referral program?

Veelager is a platform on V which allows you to make money through referrals to the bank. Refer 25 people to V app and get thirty thousand naira, provided they continue banking with VFD. But that’s not the highest they pay for referrals. The more you refer, the more you earn. It’s as simple as that.

(4) FairMoney App

Fair money lends money to borrowers. You could loan up to five hundred thousand naira from them, all depending on their assessment of your financial profile or history. As soon as your application is made and approved, you get your credit alert from the bank, of course, with terms and conditions which you’ll agree to.

However, whenever you successfully make a referral to the app, FairMoney gives you a five hundred naira discount. Does it look too little? Multiply that by twenty and see what you get. The choice is yours to make. 

(5) Cowrywise App

Cowrywise is a financial organization, just like VFD which allows customers to save, invest and get interests over a period of time at interesting rates. Their savings and investments also come with security just as you’ll find in traditional commercial banks.

As a form of encouragement to customers towards referring others to them, Cowrywise rewards her customers. You could earn up to five hundred naira per referral as a Corporate ambassador with Cowrywise.

(6) Luno App

Luno app deals in different types of cryptos, especially etherium and bitcoin.  The app could also be used for savings, apart from trading.

For every referred user that purchases BTC worth five thousand naira, Luno rewards you with two hundred and fifty naira worth of bitcoin. Like I’ve always said, the more the referrals, the more you earn.

(7) JumiaPay Nigeria

JumiaPay, as you may already have guessed, is a subsidiary of the renowned ecommerce platform, Jumia. JumiaPay is a free online payment app that allows you to recharge your phone, book a ride, order your food, or even pay utility bills.

When you invite anyone to use the app, JumiaPay pays you N500 when your referrals spend above the same amount using the app. There you go.

(8) Carbon App

Next on our list is Carbon App. Carbon App, formerly known as PayLater, is a nice app for investing money, making loans or making payments.

Carbon App does not charge you for transactions done on the app: interesting if you asked me.

In a means of providing more earning platforms for its customers, Carbon app pays five hundred naira per referral when the referred repay their first loan.

(9) Branch App

Branch is an online lending platform that provides loans to customers. They offer loans ranging from N1, 500, up to N150, 000.

On every referral you make, Branch pays both you and the referred N500.

(10) Piggyvest App

And last but not the least, is Piggyvest App. Like Cowrywise, Piggyvest allows you to save, invest and earn interests over time.

When you make referrals, and they complete their profile, you earn N1000 on each referral. Multiply that by fifteen and see how much you’ve got.

There you have it: various applications which pay you for just making referrals via your social networks. The choice is now yours to make: will you take it or will you leave it? Make a move today and earn by just referring people – friends, family, even strangers to use any of these apps today!



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Top 10 Blockchain Startups in Nigeria 2020



Over the years, modern technology has been dominated by companies based in first world countries. However, technological resources shouldn’t be located exclusively to a minute part of the world. In reality, the possibility of technology invading every sphere of human endeavor with its potentials can only be achieved when tech resources are distributed globally, as well as their use in helping local populations who are already showing a degree of commitment to improving their developing communities. More so is the advantage of knowing which of the crypto companies to invest in and how. With this list of the top 10 Blockchain Startups in Nigeria 2020, you can never be wrong in your choices!

In Nigeria, Africa’s largest economy, a number of blockchain startups are growing to meet the need for a cryptocurrency-thirsty populace. This is regardless of the fact that cryptocurrencies are not yet accepted legal tender in the West African country. Between April and June this year (2020) alone, $34.4 m was transacted in Bitcoin in Nigeria, the largest share on the continent. As stated by Usefultulips, South Africa followed behind with $15.2 m; Kenya with $7.8 m; Ghana, $ 640,000 and Tanzania $600,000.

It should not be alarming, therefore, that useful platforms through which cryptocurrencies are traded are springing up in handful places around the country.

Of all these platforms, I bring to you those that I consider the top 10 of Blockchain startups in Nigeria. See them below:

Top 10 Blockchain Startups in Nigeria 2020

(1) Quidax

Co-founded in 2016 by Uzo Awilli and Buchi Okoro, Quidax allows its users to freely purchase as well as sell cryptos in their local currency. Trading in Ethereum, Ripple, Bitcoin, Litecoin alongside other cyptocurrencies can be easily done on Quidax.

(2) BuyCoins

Provided by Bitkoin Africa, BuyCoins was founded in 2017 by Timi Ajiboye, Tomiwa Lasebikan and Ire Aderinokun. BuyCoins has a funding of $120,000. Users on BuyCoins have the opportunity to buy and sell cyrptocurrencies within a very short range of time.

BuyCoins conduct their services via their app, taking off prospective traders the stress of seeking other traders in the crptocurrency market. BuyCoin supports Bitcoin Cash, Litecoin, Bitcoin and Ethereum. Cryptos can be traded via their app which is available for IOS and Android devices.

(3) Bundle

Bundle is provided by and backed by Binance and was founded by Yele Bademosi. With Bundle, users can sell or buy Ethereum, Bitcoin and BNB. They also offer their customers the opportunity to buy cryptocurrencies using bank or card transfer. Proceeds from sales of cryptos, could also be withdrawn and deposited into your commercial bank account. With just N500, you can trade in BNB or Bitcoin.

(4) Yellowcard

Yellowcard provides users services for purchasing cryptos via the internet through debit cards or bank transfer. With this, they (users) can load their back accounts in the local currency, before paying for the digital coins they’re interested in. Currently, Yellowcard is in support of dash and Bitcoin core and would be adding tether (USDT) and Bitcoin cash (BCH) in the days ahead. Yellowcard is founded by Chris Maurice

(5) Patricia

With a dynamic operating mode, Patricia makes trading in cryptos like Ethereum, discounted gift cards, Bitcoin, Perfect money, etc. easily available to prospects.

(6) ABiT Network

Founded by Gauis Chibueze (aka Bitcoin Chief), ABiT Network provides blockchain e-commerce services throughout Africa. Some of ABiT’s products include ABiT Play, ABiT Go, ABiT Farm, ABiT Reps, ABiTCrowd, ABiTrader, and Tatcoin. For instance, with ABiT Reps, ABiT offers youths the opportunity to earn by telling others about ABiT products. Their apps can be found on different online stores such as Android and IOS.

Top 10 Blockchain Startups in Nigeria 2020

(7) CryptoTvPlus

CryptoTvPlus is one of the leading media agency on the continent. They provide the latest info on events, updates, project reviews in the digital currency market. They have an active online presence on Facebook, Twitter and YouTube with an application for easy access on Google play store. Founded in 2018, Cryptotvplus has a revenue of $ 15.40 million.

(8) Bitfxt

Bitfxt is another Nigerian cryptocurrency startup. Recently, in February 2020, they secured N5.45 billion from UK-based Payitup clearinghouse Ltd in a bid to expand their cytocurrency infrastructure. Traditionally, Bitfxt deals in Bitcoin and allows trade from prospects all around the globe.

(9) Roqqu

Founded by Uchenna Nnodim, Roqqu provides a speedy platform for the buying and/or selling of cryptocurrencies. Within thirty minutes, withdrawals are completed using Roqqu. They support EOS, STEEM, Ethereum and Bitcoin transactions. Like other cryptocurrency trading platforms, Roqqu has an app on Google Play store for easy trading. Traders on Roqqu are referred to as Roqquians.

(10) NairaEx

Founded in 2015, NairaEx has recorded over hundred thousand users with over one million transactions. They are one of the most popular in the digital currency market on the continent. NairaEx is a top blockchain company in Nigeria where cryptocurrencies such as Litecoin, Bitcoin Cash, Ethereum, and Bitcoin are traded. They are a reliable company for the exchange of Bitcoin and other cyptos through common payment platforms. NairaEx allows users to fund and withdraw within the same day.


The majority of the blockchain companies mentioned and discussed in this piece and others not mentioned here are founded and spearheaded by young Nigerians. These are highly spirited individuals who are seeking novel solutions to ancient problems in their immediate environment.

Ranging from agriculture, to the energy sectors and the financial payments service industries, these startups are making life better for many. You should find a way and align with the current trend. There is something for you if you invest in cryptocurrency today.



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