The top 10 female CEOs leading banks in Nigeria in 2024.

The Nigerian banking sector has experienced a significant shift, thanks to the emergence of ten influential women who have reshaped leadership dynamics through their exceptional skills and achievements. Breaking gender barriers and fostering innovation, they’ve increased female representation in top banking roles to 35%. These women are poised to drive further progress, challenge norms, and lead Nigeria’s financial sector towards inclusivity and dynamism. Below are the top 10 female bank CEOs in Nigeria, highlighting their experience, qualifications, and accomplishments.

Kafilat Araoye

is the Managing Director of Lotus Bank. She holds a first degree in History from the University of Ife (1985) and an M.Sc. in Industrial Relations & Personnel Management from the University of Lagos (1987), graduating top of her class. With over 25 years of banking experience, she has expertise in various core banking areas including International and Domestic Operations, Business Development, Risk Management, Human Resources, and Strategy. Prior to joining Lotus Bank, she held leadership roles at National Oil and Chemicals Marketing Company Plc and Guaranty Trust Bank Plc, where she pioneered the Human Resources department.

• Education: BA History at Obafemi Awolowo University (OAU), Master’s Degree in Relations and Personnel Management
• Career:  Conoil Nigeria Plc, Guaranty Trust Bank Plc, XYZ Outsourcing and Management Consulting Limited, Loftus Bank
• Position: MD/CEO at Loftus Bank
• LinkedIn Profile: Click here