Revealed: Why Aliko Dangote lost $5 billion in 24 hours

  • Nigeria’s richest man, Aliko Dangote, has dropped far in the billionaires ranking after losing N7 trillion in 24 hours
  • Dangote’s wealth dropped following the devaluation of the naira again by the Nigerian government
  • Dangote’s wealth declined from $22 billion to N16.6 billion in 24 hours, leading to him dropping out of the first 100 billionaires in the world

Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.

Nigeria and Africa’s richest man, Aliko Dangote, has dropped from 81st to 113th on the list of the world’s wealthiest people in 24 hours.