It became clear how many billions of dollars Africa’s richest man lost in a year

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The portal states that Africa’s richest man, owner of Nigeria’s largest industrial company Aliko Dangote, lost $3.6 billion in 2023. La Nouvelle Tribune.

The publication notes that the entrepreneur’s financial losses are mainly associated with the decision of the Central Bank of Nigeria to impose a single floating rate on the national currency (naira) instead of several exchange rates. The move caused the naira to depreciate by more than 50 percent, causing Aliko’s fortune, almost entirely in Nigeria, to drop from $18.7 billion to $15.1 billion.

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