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 – N3.62 billion
- Appointed in 2023, Oluwakemi Ogunnumi has two years of service at Academy Press and over 19 years of experience. She joined from CAP Plc, where she gained financial management experience in the industrial and services sector. Her appointment reflects Academy Press’s ongoing transition into digital publishing and strategic restructuring, making her role pivotal in ensuring the company adapts to the evolving media landscape.
- She has held various management positions at reputable organizations, including UAC of Nigeria Plc and CAP Plc, where she served as Managing Director and Head of Financial services.
- Academy Press posted an 873.34% increase in PAT to N716 million in 2024, compared to N74 million in 2023. Cash and cash equivalents rose 177.63% to N774 million, up from N279 million in 2023. Market capitalization nearly tripled, climbing from N2.27 billion at the end of 2024 to N6.80 billion by August 21, 2025.
- Ogunnumi brings extensive managerial experience and strong academic credentials to her new role, holding an Association of Chartered Accountants (ACA) certification and a Master’s in Business Administration (MBA).
