Top female bank MDs/ CEOs in Nigeria

By Joseph Ekeng
Without a doubt, a transformative era is fast unfolding as female MD/CEOs assume leadership roles in the country’s top financial institutions. Zenith Bank Plc’s recent announcement appointing Dr. Adaora Umeoji as its Group Managing Director signifies a pivotal moment, marking her as the inaugural woman to ascend to this esteemed position within the bank’s hierarchy.
Set to succeed Dr. Ebenezer Onyeagwu upon the conclusion of his tenure on May 31, Dr. Umeoji’s appointment adds to the burgeoning cohort of female CEOs in Nigeria’s banking landscape, now comprising ten prominent figures.
This paradigm shift not only reflects strides toward gender inclusivity but also holds promising implications for the industry’s reputation both domestically and internationally. As these women continue to shatter glass ceilings and redefine leadership norms, their ascendancy serves as a testament to the evolving dynamics within Nigeria’s financial sector, fostering a more diverse and inclusive landscape poised for further growth and innovation.
Here are the nine female CEOs of top banks in Nigeria:
Miriam Olusanya – GT Bank:
Miriam Olusanya, the trailblazing Managing Director of GT Bank, stands as a beacon of female leadership in the bank’s storied history. With a Bachelor’s degree in Pharmacy from the esteemed University of Ibadan and an MBA specializing in finance and accounting from the University of Liverpool, Miriam brings a unique blend of pharmaceutical knowledge and financial acumen to her role.
With over 26 years of experience in the banking sector, Miriam’s journey to the top of GT Bank is a testament to her resilience, dedication, and strategic vision. Since assuming leadership in 2021, she has steered the bank with a steady hand, focusing on innovation, customer-centric solutions, and financial inclusion initiatives. Under her stewardship, GT Bank continues to thrive as a leading player in Nigeria’s banking landscape, setting new standards for excellence and inclusivity.
Yemisi Edun – FCMB:
Yemisi Edun, the trailblazing Managing Director of FCMB, made history as the first female MD/CEO in the institution’s esteemed history. Armed with a Bachelor’s degree in chemistry from the University of Ife, Ile-Ife, and a master’s degree In international accounting and finance from the University of Liverpool, Yemisi’s journey to the top echelons of FCMB is a testament to her exceptional leadership and expertise.
With a proven track record in risk management and corporate governance, Yemisi has spearheaded FCMB’s growth and diversification, positioning the bank as a formidable player in Nigeria’s banking sector. Under her visionary leadership, FCMB has embraced innovation, expanded its product offerings, and strengthened its commitment to serving diverse customer segments.
Halima Buba – SunTrust Bank:
Halima Buba, the dynamic MD/CEO of SunTrust Bank, embodies the spirit of entrepreneurship and innovation in Nigerian banking. Armed with a Bachelor of Science degree in Business Management and an MBA from the University of Maiduguri, Halima’s journey to the top ranks of SunTrust Bank is marked by her passion for SME development and financial inclusion.
With over three decades of experience in the banking sector, Halima has championed initiatives to support small businesses and promote economic growth. Her leadership at SunTrust Bank has been characterized by a relentless focus on innovation, sustainability, and community development, cementing the bank’s reputation as a catalyst for positive change in Nigeria’s financial landscape.
Ireti Samuel-Ogbu – Citibank Nigeria:
Ireti Samuel-Ogbu, the visionary MD/CEO of Citibank Nigeria, is a trailblazer in her own right, leading the prestigious institution with distinction and foresight. Armed with a Bachelor of Arts in Accounting and Finance from Middlesex University, UK, and an MBA from the University of Bradford, UK, Ireti’s journey to the top ranks of Citibank Nigeria is marked by her relentless pursuit of excellence and innovation.
With a wealth of experience in international banking, Ireti has brought a global perspective to Citibank Nigeria, driving initiatives to enhance customer experience, streamline operations, and leverage technology for greater efficiency. Under her transformative leadership, Citibank Nigeria continues to set new benchmarks for excellence, innovation, and customer satisfaction in the Nigerian banking industry.
Nneka Onyeali-Ikpe – Fidelity Bank:
Nneka Onyeali-Ikpe, the visionary MD/CEO of Fidelity Bank, is a driving force behind the bank’s digital transformation and inclusive growth agenda. With a Bachelor of Laws (LLB) degree from the University of Nigeria, Nsukka, and a Master of Laws (LLM) degree from King’s College, London, Nneka’s journey to the top ranks of Fidelity Bank is marked by her legal expertise, strategic vision, and unwavering commitment to excellence.
As the first female to occupy the position since the bank’s inception in 1988, Nneka has ushered in a new era of innovation, inclusivity, and customer-centricity at Fidelity Bank. Under her dynamic leadership, the bank has embraced digitalization, expanded its product offerings, and strengthened its focus on serving the needs of diverse customer segments.
Tomi Somefun – Unity Bank Plc:
Tomi Somefun, the astute MD/CEO of Unity Bank Plc, is a driving force behind the bank’s mission to promote financial inclusion and economic empowerment in Nigeria. With a background in English Language from Obafemi Awolowo University and a fellowship of the Institute of Chartered Accountants of Nigeria (ICAN), Tomi’s journey to the top ranks of Unity Bank Plc is marked by her versatile skillset, leadership acumen, and unwavering commitment to social impact.
As a seasoned banker with a deep understanding of rural banking and financial inclusion, Tomi has spearheaded initiatives to expand access to financial services, promote financial literacy, and empower underserved communities across Nigeria. Under her transformative leadership, Unity Bank Plc continues to make significant strides in driving inclusive growth and sustainable development.
Kafilat Araoye – LOTUS Bank:
Kafilat Araoye, the visionary Managing Director of LOTUS Bank, is a trailblazer in ethical banking and sustainable finance. With over 30 years of experience in the banking sector, Kafilat’s journey to the top ranks of LOTUS Bank is marked by her dedication to social responsibility, ethical practices, and community development.
Armed with a first degree in History from the University of Ife and an M.Sc. in Industrial Relations & Personnel Management from the University of Lagos, Kafilat has leveraged her diverse academic background and extensive experience to drive positive change at LOTUS Bank. Under her dynamic leadership, the bank has prioritized sustainable finance, ethical banking practices, and community development initiatives, setting new standards for corporate responsibility and social impact in the Nigerian banking industry.
Bukola Smith – FSDH Merchant Bank:
Bukola Smith, the dynamic MD/CEO of FSDH Merchant Bank, is a driving force behind the bank’s growth, innovation, and commitment to excellence. With a B.Sc. in Economics from the University of Lagos and an MBA from Alliance Manchester Business School, University of Manchester, United Kingdom, Bukola’s journey to the top ranks of FSDH Merchant Bank is marked by her expertise in investment banking, financial structuring, and strategic leadership.
As an advocate for women in finance and mentor to aspiring female leaders, Bukola has played a pivotal role in driving diversity, inclusion, and gender equality in the banking sector. Under her visionary leadership, FSDH Merchant Bank continues to set new benchmarks for innovation, professionalism, and customer satisfaction, positioning itself as a trusted partner for clients and a champion for positive change in the Nigerian banking landscape.
Yetunde Oni – Union Bank:
Yetunde Oni, the dynamic MD/CEO of Union Bank, is a trailblazer in her own right, leading the esteemed institution with distinction and foresight. Her CV boats of a degree in Economics from the University of Ibadan, Executive Training at Oxford University, and an MBA in Business Administration from Bangor University.
She was appointed the CEO of Union Bank following CBN dismissal of the former leadership of the bank over an alleged breach of bank rules.

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