Hajia Bola Shagaya Net Worth

Net Worth:$950 Million
Date of Birth: October 10, 1959 (64 years old)
Profession:Businessperson, Entrepreneur, Fashion Designer

What is Hajia Bola Shagaya’s Net Worth?

Bola Shagaya is a Nigerian businesswoman and fashion expert who has a net worth of $950 million. She is a successful entrepreneur and is being recognized as one of the richest women in Africa.

She is the chief executive officer of Bolmus Group International, a conglomerate with holdings in banking, oil and gas, photography, and real estate.

Dr. Goodluck Ebele Jonathan (GCFR) former president of Nigeria conferred Hajia Bola Muinat Shagaya with the title of Member of the Order of the Niger (MON) in July 2010.

Early Life

Bola Muinat Shagaya was born on 10 October 1959. She attended Queen’s School Illorin and later obtained her higher education at Ahmadu Bello University, Zaria, Nigeria. In her bid to acquire more knowledge she went to Armstrong College in California where she majored in economics and accountancy.


Prior to her deviation into commercial activities in 1983, she worked as an auditor in the auditing department of the Central Bank of Nigeria.

One of the biggest importers and distributors of base oil in Nigeria, serving nearby lubricant blending factories, is Practoil Ltd, of whom Hajia Bola Muinat Shagaya is the managing director. She also invests in real estate, and her company employs over 300 workers throughout several large cities nationwide.

As of this writing, she serves on the board of directors at Unity Bank plc and has stayed for more than eight years. She additionally belongs to the recently established Nepad Business Group in Nigeria. Hajia Bola Shagaya is a Patron of the Nigerian Fashion Designers.

Personal Life

Bola Muinat Shagaya got married to Alhaji Shagaya and together they have six children.

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