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Meet 27 Empowering Women Driving Nigeria’s Banking and Insurance Evolution in 2023



Women in Finance F

The gender glass ceiling in Nigeria’s financial services might not yet be shattered, however, a significant paradigm shift has continued to be ongoing, challenging the conventional male-dominated landscape.

Notably, women are ascending to prominent leadership positions, defying stereotypes, and leaving their indelible mark.

These influential women are not only redefining industry standards but occupy pivotal roles in the C-suite, at regulatory bodies, and as mentors to emerging female professionals.

Their accomplishments hold even greater significance in an industry increasingly emphasizing increased gender diversity. In 2021, ThePressNG shared the spotlight of seven MDs and/or CEOs of banks.

Today, ThePressNG spotlights accomplished female leaders, in the banking and insurance industries of the financial services sector, managing substantial assets at a critical juncture of the nation’s economic reforms, with a stock market All Share Index (ASI) at 66,382.14 points and market capitalization worth N36.3 trillion in Q3, 2023.

It is worth noting that these women are also actively engaged in other initiatives promoting financial literacy, diversity, and economic empowerment.

Allow us to introduce you to these formidable women shaping the landscape of Nigeria’s banking and insurance industries in 2023.

These are individuals whose influence transcends the confines of boardrooms and financial statements.

The CBN declared a profit after tax of N103.8bn in 2022, up from N75.13bn reported a year earlier.

In Q2 2023, Wema Bank reported a year-on-year pre-tax profit growth of 96.74%, from N6.13 billion in H1, 2022 when compared to N12.09 billion in 2023.

In H1 2023, FCMB Group Plc reported a 148% year-on-year growth in pre-tax profit to N38.23 billion when compared to N15.43 billion in H1, 2022.

Miriam Olusanya

In H1 2023, GTCO reported a year-on-year increase of 217.1% in pre-tax profit of ₦327.4 billion, when compared to ₦103.2 billion in H1 2022.

Tomi Somefun

Unity Bank Plc’s H1 2023 unaudited financial statement showed a 2% increase in deposits to N333.38 billion from N327.42 billion in H1’22.

Nneka Onyeali Ikpe

In H1 2023, Fidelity Bank reported a 213.8% year-on-year of its pre-tax profits to N206.26 billion from N65.72 billion in H1, 2022.

Bukola Smith

Ireti Samuel Ogbu

Halima Buba

SunTrust Bank Nigeria Limited reported a pre-tax profit of N1.51 billion in 2022, when compared to N1.58 billion loss in 2021 representing a 195.6% growth year-on-year.

Kafilat Araoye

Dr. Adaeze Udensi

Sola Yomi Ajayi