The antidiabetic, hypolipidemic, liver and kidney function effects of the methanol leaf extract of Newbouldia laevis (NLE) was carried out in wistar albino rats. Diabetes was induced by single intraperitoneal administration of 150 mg/kg alloxan monohydrate in overnight fasted albino rats. Newbouldia laevis extract (NLE) caused a significant (P < 0.05) time-and dose-dependent reduction in FBS especially at the dose of 250 mg/kg which caused 60.2% reduction of FBS at 24th h compared to the negative control. All doses of NLE used in the study caused significant (P < 0.05) doses-dependent decrease in all serum lipids except high density lipid level of treated rats compared to the negative control. It significantly (p < 0.05) reduced the cardiovascular risk index as represented by coronary risk and atherogenic indices, just like glibenclamide. The extract caused significant (p < 0.05) dose-dependent decrease in Alanine Aminotransferase (ALT) in the liver. Kidney function test showed significant (P < 0.05) dose-dependent decrease in serum urea and creatinine levels. The extract (NLE) has demonstrated good antidiabetic and hypolipidemic activities comparable to glibenclamide a standard antidiabetic drug and its folkloric use as an antidiabetic herb is justified and can be a good candidate as a hypolipidemic drug.