Skip to main content

Dangote Loses $3.7Billion On Sliding Naira

Aliko Dangote,Nigerian billionaire and Africa’s richest person, fell 25 places on the Billionaires Index on Monday
Dangote’swealth lost $3.7 billion, knocking him to No. 71 on the ranking, down from No. 46 on Friday.


The majority of Dangote’s $12.7 billion fortune is derived from Dangote Cement Plc on a 91% stake, which shed two per cent in trading Monday.
The Central Bank of Nigeria (CBN) began auctioning dollars to limit the currency’s decline.
The bank had been using capital controls to stem an outflow of dollars after the naira crashed in February 2015 when oil prices slumped.

Dangote’s slide came as equity markets worldwide surged on hopes that British voters would choose to remain in the European Union.

Labels:

Comments

Post a Comment

Popular posts from this blog

Minister Of Agriculture,Audu Obe Urges Nigerians To Stop The Consumption Of Moin-Moin Prepared With Cellophane(Nylon)

Read the advice given by Minister Of Agriculture in respect to the consumption of moin-moin prepared with nylon "There is a lot of self-poisoning going on in Nigeria now with people in Hospitals & asking to be taken to India for treatment, Please stop eating moin-moin cooked in cellophane,it releases poisoning chemicals into it,while the leaf gives antioxidant"
3 comments
Read more

See Funeral Arrangements Of OJB Jezreel

Popular producer and Artiste Babatunde Okungbowa funeral arrangements has been announced by family. The Funeral arrangements are listed below; Candle Light Procession;Monday July 4, 2016 Time:5pm.VenueOJB’s residence, Adress;no4, Gbaja street,Surulere, Lagos. Wake keeping/Service of songs/Tribute Thursday July 7, 2016 Ojays, National Stadium, Surulere.Time:5pm. Funeral(Laying in State at his Residence): no4, Gbaja str, Surulere, Lagos.7am – 8am Service at Redeemed Christian Church of God, Grace Chapel Adress;no129,Ogunlana Drive Surulere, Lagos. Time;9am. Burial at Ikoyi Cemetery, Ikoyi after service. Signed Apostle Albert Okungbowa For the family May his soul rest in peace. He is survived by father, Chief Anthony Okungbowa(Arase of Agbor), Siblings, Mrs.Theresa Ebunola Gamba(USA), Mr. Cornelius Archibong(England), Mr. Albert Okungbowa(USA), Mr. Anthony Okungbowa, Marvin Okungbowa, Bose Ajila Okungbowa and Joseph Okungbowa. Wives, Mabel Babatunde Okungbowa...
Post a Comment
Read more

Meet Will;Nigeria hottest upcoming artist.

So here is an interview with Will;Nigerians most celebrated and hottest upcoming artist.His music is a bomb and if you still haven't heard his songs you're obviously lost in the music world. So here is an interview with the celebrity; Can we meet you? My name is Ede Princewill Nnaemeka,so obviously you can tell where I got ma stage name from "will".... I'm an Industrial Physics student of Nnamdi Azikiwe University......I love music,dance and everything entertainment.I'm from isu in onicha LGA of Ebonyi state,born and brought up in warri Delta State What is music to you? Permit me to say music for me is everything,there is so much joy it gives me and it's what I do best. How long have you been into music? Off the record I could give u a story but would say 8yrs now. What is your inspiration? I'm inspired by myself, good music and a few people not just music artist. Who is your role model? M.I basically Tell us about your 1st music; Ma...
Post a Comment
Read more