Business In Nigeria: Top 3 Investments Of Folorunsho Alakija

Folorunsho Alakija Is Nigeria’s richest woman and one of the top 10 richest women in Africa. She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited, one of Nigeria’s biggest oil producers. The billionaire oil magnate once unseated Oprah Winfrey as the richest woman on earth as at 2014. With an estimated net worth of $1.65 billion as at January 2018, she was ranked by Forbes as the 2nd most powerful woman in Africa and 87th most powerful person in the world as of 2015.

Among the billionaire’s prominent investments which her enormous wealth can be traced to are the top 3 listed below:

• Famfa Oil; Famfa Oil Limited, a Nigerian oil exploration company was granted OPL 216, a 617,000-acre block located in Agbami field of central Niger Delta. With this acquisition, the Alakija family was estimated to make $10 million per day. The company is also in partnership with Chevron and Petrobras.
• The Rose of Sharon Group; This was Mrs. Alakija’s very first company, a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida. She is the group managing director of the company which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited.
• Dayspring Property Development Company Limited; Folorunso Alakija is also the Executive Vice Chairman of Dayspring Property Development Company Limited, a real estate company with investments in various properties.

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