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Women Are Taking Over Top Nigerian Banks That Favor Male Clients

  • Almost one-third of Nigerian banks are now run by female heads
  • Women are more financially excluded in male-dominated economy

Tomi Somefun still recalls the shock in 2015 when she was summoned to meet the board of Unity Bank Plc and offered the position of chief executive officer.

That made her the only female CEO of a Nigeria-based lender -- the second woman to occupy the top position. But she’s no longer an outlier. Women now make up almost one-third of the CEOs of Nigeria’s commercial banks, well ahead of African peers and western financial hubs such as Britain, France and Germany.