The richest woman in Africa is Nigeria’s Folorunsho Alakija with net worth of $600 million (N97 billion) according to Forbes but when the group recently released the list of 21 richest Nigerians, the oil and gas magnate could not make it.

The ranking according to the globally renowned company was based on the value of shares held by the individuals in quoted companies, size and market share of their companies, number of companies they own and its assumed value and the impact of the companies on the Nigerian economy.

Expectedly, the richest black man, Aliko Dangote who is Founder of Dangote Group topped the list with Mike Adenuga of Conoil and Globacom ranked second richest Nigerian followed by Femi Otedola of ZENON Oil and Gas. Former Governor of Abia State, Orji Uzor Kalu of Slok Group; Cosmos Maduka of Coscharis Group; and Jimoh Ibrahim  Nicon Insurance, Global Fleet followed in that order. Ranked seventh is Jim Ovia of Zenith Bank and Visafone, followed by Pascal Dozie of MTN Nigeria and Diamond Bank; Oba Otudeko of Honeywell Group Nigeria; Sayyu Dantata  MRS Group; Umaru Abdul Mutallab, former Chairman First Bank Plc and Chairman, Mutallab Group; Samuel Adedoyin, Doyin Group; Dele Fajemirokun, Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards among others; Cletus Ibeto, Ibeto Group; Raymond Dokpesi, Daar Communication, AIT and Tony Ezenna, Orange Group.

Molade Okoya Thomas, Chairman of CFAO Nig and six other French companies was ranked the 17th richest Nigerian, followed by Ifeanyi Ubah of Capital oil and Gas; Leo Stan Ekeh, Zinox Computer; Fola Adeola, former Group Managing Director of  GTBank and Chief Ade Ojo of Elizade Motors Nigeria Limited was number 21.