From a ("we") + bí ("give birth") + (sí) ("into") + ọlá ("wealth, honour"): "born into wealth / nobility." Shortened to Biola. Borne by M. K. O. Abiola, acclaimed winner of Nigeria's annulled 1993 election.
Source: Yoruba àbí- naming pattern, cross-referenced across yorubaname.com (Abíọ́lá, full morpheme breakdown) and Wikipedia (Abiola)