BILLIONAIRE Nigerian businessman Aliko Dangote has fallen from being the 51st richest person in the world to the 105th, according to the 2017 Forbes Rich List.

Forbes magazine reports that Mr Dangote's wealth dropped from $15.4bn (£11.8bn) in 2016 to $12.2bn this year, due to Nigeria's currency being devalued.

It would be recalled that about this time last year, Mr Dangote suffered the same misfortune as reported by Naija Magazine Online. Read story here titled, 'Naira Devaluation: Dangote Suffers Setback, Appeals to Nigerian Government'

Mr Dangote, who made his fortune in the production of cement, sugar and flour, made international headlines in 2016 when he said he wanted to buy Arsenal Football Club within the next four years.

Continue reading at Naija Magazine Online http://www.naijamagazineonline.com/2017/07/aliko-dangote-africas-richest-man-drops.html

If dangote can feel this recession, only God knows how many SME's that would have shutdown.


APC is fu*cked up.

Ok

Thanks to buhari

why won't he drop? ill gotten wealth in collusion with corrupt politicians, now everything has gone south and the filthy well has run dry, it's only fitting that he'll drop.