Dangote Set To Lose Position Among First 100 Richest Billionaires, As Naira Floating Cuts Wealth To $16.8bn

Africa’s richest man and the Chairman of Dangote group, Aliko Dangote, has seen his wealth decline by $4.12bn since the Central Bank of Nigeria (CBN) liberalised the naira and harmonised the rates at the Investors’ and Exporters’ (I&E) foreign exchange window.

Naira was on 13th June, 2023 floated leading to the official price declining to daily high of N791 at the I&E window on Thursday