In Nigeria’s corporate landscape, women at the helm of finance functions are playing pivotal roles in steering balance sheets, driving growth, and consolidating performance.
These Chief Financial Officers (CFOs) oversee trillions in assets, navigating complex regulatory frameworks while shaping strategy across industries from banking and insurance to oil, gas, and consumer goods.
The influence of these finance leaders extends beyond numbers. They embody resilience, international exposure, and technical depth, combining strong academic pedigrees with hands-on experience in treasury, taxation, and corporate finance. Their leadership has been instrumental in growing profitability, shoring up investor confidence, and positioning their companies for long-term sustainability.
In 2024, the ranking of Nigeria’s top female CFOs by assets managed offers an insightful snapshot of where financial leadership meets corporate performance. From mega-banking groups to consumer goods giants, these women are charting paths that redefine financial management in Africa’s largest economy.
Below is a breakdown of the top female CFOs in Nigeria’s listed companies by total assets under management in 2024.
Top female CFOs in Nigeria by total assets managed as of 2024
Total assets being managed as of 2024 – N416.38 billion
- Bisola Elias was appointed CFO of AIICO Insurance in late 2023, resuming in January 2024. She has been with AIICO since 2007 following its merger with Nigerian French Insurance, and has built over 20 years of career experience in the insurance industry.
- Her expertise spans finance operations, cost management, financial reporting, and corporate leadership.
- AIICO Insurance recorded a 24.43% PAT growth, reaching N15.10 billion in 2024 from N12.14 billion in 2023. Cash and cash equivalents nearly doubled, climbing 90.85% to N35.16 billion, up from N18.42 billion in 2023. Market capitalization advanced from N52.35 billion in December 2024 to N143.49 billion as of August 21, 2025.
- She holds an HND in Accountancy from Moshood Abiola Polytechnic, an MBA in Risk Management from the University of Cumbria, UK, and is a Fellow of the Institute of Chartered Accountants of Nigeria. She is also an alumna of Lagos Business School.
