Nigeria’s banking sector is experiencing a transformative shift, with women taking center stage and shattering the long-held glass ceiling. These pioneering CEOs are not only leading their institutions to success but also redefining the industry for the future. Let’s meet 10 of these remarkable women as singled out by Naijassador, who are shaping the Nigerian banking landscape.
1. Tomi Somefun (Unity Bank)
Tomi Somefun, the Managing Director and CEO of Unity Bank Plc is a force to be reckoned with in the Nigerian banking sector. Since taking the helm in 2015, she has spearheaded a remarkable turnaround for the bank. Somefun’s journey is unique. Though she holds a degree in English Language, her expertise lies in finance. She’s a Fellow of the Institute of Chartered Accountants of Nigeria, with experience honed at prestigious firms like KPMG.
Her vision for Unity Bank is clear: a digital-first approach coupled with a focus on customer needs. Under her leadership, the bank has embraced innovative technologies and revamped its customer service, leading to significant growth. Tomi Somefun is not just a leader; she’s an inspiration. She proves that a strategic mind and a dedication to excellence can propel success, even in a competitive industry.
2. Kafilat Araoye (Lotus Bank)
Kafilat Araoye stands as the Managing Director/CEO of Lotus Bank, a leader known for her dedication to financial inclusion and innovation. She assumed this role in 2020, bringing over two decades of experience in finance and Islamic banking. Before Lotus Bank, Araoye played a pioneering role in establishing Lotus Capital Limited, a leading Nigerian firm focused on Sharia-compliant financial services.
Her expertise lies in areas like investment management, corporate finance, and Islamic finance. At Lotus Bank, Araoye champions initiatives that expand access to financial services, particularly for underserved communities. She fosters a culture of innovation, driving the bank’s adoption of new technologies to enhance customer experiences. Under her leadership, Lotus Bank is well-positioned for continued growth and positive impact within the Nigerian banking sector.
3. Ireti Samuel-Ogbu (CitiBank Nigeria)
Ireti Samuel-Ogbu is a prominent figure in the Nigerian banking sector. As the Country Officer for CitiBank Nigeria since 2020, she has led the bank towards a multifaceted approach to success. Her focus extends beyond just financial performance. Samuel-Ogbu is a champion for sustainable practices and social impact initiatives within the bank. This commitment positions CitiBank Nigeria as a leader in responsible banking within the country.
Samuel-Ogbu’s career with Citi spans over 30 years, with experience in various roles across London, Nigeria, and South Africa. This diverse background equips her with a deep understanding of the global financial landscape and the specific needs of the Nigerian market. Under her leadership, CitiBank Nigeria is likely to continue its focus on both financial growth and social responsibility, solidifying its position as a key player in the evolving Nigerian banking industry.
4. Bukola Smith (FSDH Merchant Bank)
With over 25 years of experience, Bukola Smith is a veteran of the Nigerian banking sector. As CEO of FSDH Merchant Bank, she is known for her expertise in risk management and corporate governance. With a wealth of experience and expertise in banking and finance, she has contributed significantly to the growth and success of FSDH Merchant Bank, a leading financial institution in Nigeria. As Executive Director, Bukola Smith plays a pivotal role in driving strategic initiatives, managing client relationships, and overseeing key business operations.
Her leadership skills, coupled with a deep understanding of the financial markets, have been instrumental in positioning FSDH Merchant Bank as a trusted advisor and provider of innovative financial solutions to its clients. Under her guidance, FSDH Merchant Bank has expanded its services, diversified its investment offerings, and maintained a strong reputation for integrity and professionalism. Bukola Smith’s contributions to the banking sector reflect her commitment to excellence and her dedication to driving sustainable growth and value creation.
5. Miriam Olusanya (GTBank)
Miriam Olusanya is a leading figure in Nigerian banking, making history as the first woman to hold the CEO position at Guaranty Trust Bank (GTBank) since its inception in 1990. She assumed this role in July 2021. Olusanya’s journey to the top is impressive. She began her career at GTBank as an executive trainee and rose through the ranks thanks to her dedication and expertise. She holds a unique background, with a Bachelor of Pharmacy from the University of Ibadan and an MBA in Finance and Accounting from the University of Liverpool. This blend of scientific and financial knowledge allows her to approach challenges with a comprehensive perspective. As CEO, Olusanya is known for her focus on digital innovation. She has spearheaded initiatives that leverage technology to improve customer experience and streamline banking processes. Financial literacy is another area she prioritizes, with programs aimed at empowering Nigerians to make informed financial decisions. Under her leadership, GTBank continues to be a leader in the Nigerian financial sector.
6. Nneka Onyeali-Ikpe (Fidelity Bank)
Dr Nneka Onyeali-Ikpe is a leading figure in the Nigerian banking sector, shattering glass ceilings as the first female Group Managing Director and Chief Executive Officer of Fidelity Bank in 2021. A lawyer by training, she boasts a formidable academic background with a Bachelor of Law and a Master of Law, complemented by extensive executive training at prestigious institutions. Dr. Onyeali-Ikpe’s career trajectory is impressive.
She joined Fidelity Bank in 2015 as an Executive Director, bringing with her a wealth of experience in retail, corporate, and commercial banking. Her strategic acumen and focus on digital transformation have been instrumental in driving Fidelity Bank’s growth. Under her leadership, the bank has witnessed significant progress, including a substantial rise in profits. She is widely recognized for her authentic leadership style and her ability to identify talent and opportunities. Dr. Onyeali-Ikpe is a true role model for aspiring female leaders in the Nigerian banking industry and beyond.
7. Yemisi Edun (FCMB)
Yemisi Edun is a trailblazer in the Nigerian banking sector. As the first female Managing Director/CEO of First City Monument Bank (FCMB), she has shattered the glass ceiling and become a role model for aspiring women in finance. Edun’s journey to the top is a testament to her dedication and expertise. Her qualifications are impressive – a chemistry degree from Obafemi Awolowo University, a Master’s in international accounting and finance from the University of Liverpool, and numerous prestigious professional certifications. She began her career at Deloitte before joining FCMB in 2000.
Through hard work and strategic thinking, she rose through the ranks, eventually becoming the bank’s CFO and then steering it as CEO in 2021. Yemisi Edun is not only a business leader but also a champion for diversity and inclusion within FCMB. Her focus on increased SME lending has also been instrumental in the bank’s growth. As she continues to guide FCMB, Edun remains a powerful symbol of progress in the Nigerian banking industry.
8. Halima Buba (SunTrust Bank)
Halima Buba is a powerhouse in the Nigerian banking sector, currently serving as the Managing Director and CEO of SunTrust Bank. With over two decades of experience, she has a proven track record of success across prestigious institutions like Zenith Bank and Ecobank Nigeria. Buba’s academic background is equally impressive. She holds a Bachelor of Science in Business Management and an MBA from the University of Maiduguri.
She has also honed her leadership skills through programs at the Lagos Business School. Beyond qualifications, Buba is a champion for financial inclusion. At SunTrust Bank, she is strategically directing resources to empower small and medium-sized enterprises (SMEs) and expand access to financial services for underserved communities. Her dedication to these areas is fostering positive change within the Nigerian banking landscape.
9. Yetunde Oni (Union Bank)
Yetunde Oni is making history as the Managing Director and Chief Executive Officer of Union Bank of Nigeria. Appointed in January 2024, she became the first woman to lead the bank. Oni boasts an impressive 29-year career in banking, particularly within emerging markets. Her expertise lies in crafting client solutions, relationship management, and fostering strong teams.
She’s known for her tenacity and ability to navigate complex situations. Oni’s academic background is equally distinguished. She holds a Bachelor’s degree in Economics and an MBA, complemented by executive training at Oxford University. With her extensive experience, strategic vision, and commitment to building a customer-centric culture, Yetunde Oni is poised to lead Union Bank towards a bright future.
10. Bolaji Agbede (Access Bank)
Access Bank’s current CEO is Ms Bolaji Agbede, who assumed the role in an acting capacity following the sad passing of the former CEO, Herbert Wigwe, in February 2024. Ms. Agbede is a seasoned financial professional with nearly 30 years of experience in banking and business consultancy. She joined Access Bank in 2003 and has held various leadership positions within the organization.
Her deep understanding of the Nigerian banking landscape and proven track record make her a strong choice to lead Access Bank through this period of transition. While the appointment is currently acting, Ms. Agbede’s focus is likely to be on ensuring stability and continuity for Access Bank’s operations. She may also play a key role in shaping the bank’s future strategy, with a potential emphasis on areas where she has expertise.
Conclusion
These are just a few of the remarkable women shaping the future of Nigerian banking. Their leadership, vision, and commitment to excellence are paving the way for a more inclusive and prosperous financial sector. As they continue to break down barriers and defy expectations, we can expect even greater things to come from Nigeria’s banking industry.
Written by: Sarah Aboje
