Forex trading is exchanging one currency for another to profit from the trade. Like many other countries, Nigeria has experienced a boom in Forex trading in recent years. While risks are involved, some traders have accumulated significant wealth through Forex. So, who are the richest Forex traders in Nigeria?
The landscape of Forex trading in Nigeria has evolved, attracting numerous individuals who see it as a pathway to financial freedom and success. The rise of digital platforms has made it easier for anyone with an internet connection to engage in currency trading, leading to a surge in both interest and participation. As more Nigerians delve into the Forex market, a few have emerged as exceptionally successful traders, amassing impressive fortunes along the way.
In this article, we will explore the top Forex traders in Nigeria, highlighting their journeys, strategies, and the wealth they have built through trading. We will also discuss the broader implications of Forex trading in the Nigerian economy, touching on trends, challenges, and opportunities that traders encounter. Whether you're an aspiring trader or simply curious about the Forex scene in Nigeria, this insight will provide a comprehensive overview of the industry's elite.
TABLE OF CONTENTS
- Richest Forex traders in Nigeria
- 1. Uche Paragon — $20 million
- 2. Dapo Willis — $10 million
- 3. Ejimi Adegbeye — $5 million
- 4. Damilare Ogundare (HabbyFX) — $5 million
- 5. Jeffrey Benson — $1.5 million
- 6. Sandile Shezi — $1.3 million
- 7. Patrick Ogagbor — $600,000
- 8. Benjamin Ilesani Ajimoko — $400,000
- 9. Chinedu Onuoha — $280,000
- 10. Bade Ajidahun Afioluwa — $220,000
- Who is the richest Forex trader in Nigeria?
- Which Forex broker is the best in Nigeria?
- What is Kojo Forex's net worth?
The richest Nigerian Forex traders list was compiled by tracking the Forex traders' net worth and business ventures. We have used data from various reputable websites, such as Best Online Forex Brokers and Traders Union, to compile this list. We analysed the traders' financial holdings and overall impact on the trading scene.
Richest Forex traders in Nigeria
To succeed in the Forex market, you must understand its dynamics and exercise sound judgment in your trades. Investing more capital increases your potential for higher returns. These are the top 10 richest Forex traders in Nigeria.
| Forex trader | Net worth |
| Uche Paragon | $20 million |
| Dapo Willis | $10 million |
| Ejimi Adegbeye | $5 million |
| Damilare Ogundare (HabbyFX) | $5 million |
| Jeffrey Benson | $1.5 million |
| Sandile Shezi | $1.3 million |
| Patrick Ogagbor | $600,000 |
| Benjamin Ilesani Ajimoko | $400,000 |
| Chinedu Onuoha | $280,000 |
| Bade Ajidahun Afioluwa | $220,000 |
1. Uche Paragon — $20 million
Uche is the wealthiest Forex trader in Nigeria. According to Business Post Nigeria and Best Online Forex Broker, the entrepreneur's net worth is alleged to be $20 million. Uche began Forex trading in 2007 and has also ventured into trading in online commodities such as crude oil.
The entrepreneur has 13 years of experience working with several trading firms. According to his LinkedIn profile, he was an introducing broker (IB) at North Finance from February 2008 to February 2009 and an official IB at FXCM for two years and nine months.
Uche has been a business development officer with Alocomf Services since March 2010. He has also been a senior trader under self-employed since April 2021. The entrepreneur owns a Forex trading school, ParaGon Academy, based in Lagos and Port Harcourt. He is also the founder of CCI Traders.
2. Dapo Willis — $10 million
Dapo was born on 8 May 1994 in Lagos State, Nigeria. He is a market analyst, keynote speaker, and financial coach who ranks second among the wealthiest Nigerian Forex traders. According to Business Post Nigeria and Best Online Forex Broker, the financial coach's net worth is alleged to be $10 million.
Dapo became interested in Forex trading at 17 after completing secondary school. He later moved to the United Kingdom to further his studies, where he met a person who mentored him on successfully trading. He became a Forex millionaire at 28.
Dapo founded the Western Sahara group of traders and Willis University. Due to his trading prowess
