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Thursday, 12 February 2015

Breaking News: Dangote Losses Half of his wealth in 6months

According to Bloomberg Billionaires, Nigeria’s richest man Aliko Dangote lost almost half of his $21billion in 6 months.
The news which was shared on Twitter did not give details but its quite obvious that its due to the downturn of the Nigerian Stock Exchange as most of Dangote’s wealth is from his Dangote Cement company.
The stock market has been experiencing a downturn for some months now partly due to foreign investors pulling funds out of the economy due to fear over the elections and the recent fall of the naira against the dollar.
See Bloomsburg post below;

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