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Nairaland Forum / Nairaland / General / Business / Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week (12662 Views)
Naira Gain Against U.S Dollar Boosts Dangote’s Wealth To $15.3 Billion / Dangote’s Wealth Surges By $1.3 Billion In Three Weeks, Nears Senegal’s GDP / Forbes: Dangote’s Wealth Dips By $2b, Adenuga‘s Up By $3.9b (2) (3) (4)
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by Truths9ja: 6:38am On Feb 26 |
davibid:yes, that’s what really happened |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by kamalbob(m): 6:39am On Feb 26 |
And he will gain 5 billion by next week. That's how billionaires roll. Lol so chill and keep your joy to yourselves 1 Like |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by ObalendeCMS: 6:40am On Feb 26 |
Fork Dangote! His money is peanut compared to the Frenchman. Dangote should hide his face. 1 Like |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by Kobojunkie: 6:47am On Feb 26 |
Truths9ja:How else do you expect him to get back the money he lost due to devaluation? 1 Like |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by Pjoe238: 6:50am On Feb 26 |
That Monopoly must stop. More devaluations please 2 Likes 1 Share |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by pennyland(m): 6:51am On Feb 26 |
Dangote has been milking Nigeria's for long term, and his Nigeria's No2 problem,Bua cement Mr Rabiu promised Nigeria's last year that cement will be sold @ ₦3000 starting from January , only for Dangote to Forestrate the reduction. |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by Johnn87: 7:04am On Feb 26 |
braine:Nope, there are politicians & others richer than Dangote in Nigeria. But they are not on Forbes because their embezzlement corrupt source of wealth is not clean , so investigation, audit and scrutiny is avoided at all costs on such illegally gotten looted wealth that cannot be explained. The aim is to keep it hidden, offshore & undetected . Such monies is converted to dollars and secretly stashed in GP tanks, bullion vans, house underground facilities, pandora accounts in tax safe havens where it can take decades to trace, and offshore shell 🐚 companies abroad in Switzerland, etc No wonder Abacha died decades ago, but generations later, from his grave, he is still sending monies back to nigeria treasury from looted wealth gradually uncovered abroad . That na the one dem don fit discover unearth out of several hidden loots still being uncovered decades later. ..... Lols , the son of a Nigerian politician once said, that even if federal government seizes all their father's loot & visible properties in Nigeria, they will not still be as poor as Dangote if yoy know you know
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Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by iyke2frankeze: 7:04am On Feb 26 |
Why he raised the price of cement which is produced using local raw materials so that he can maintain his wealth in dollars. |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by PHAYOL81: 7:10am On Feb 26 |
This should be temporary. |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by Badmashiii: 7:23am On Feb 26 |
meobizy: I love you no homo! You just said the truth bro |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by tctrills: 7:26am On Feb 26 |
RepoMan007:And it is also stopping the privileges for the poor. Everyone became poorer both the rich and the poor. Businesses became less competitive. Manufacturers went out of business. It became harder to higher foreign talent. Every Nigerian lost their privileges |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by AfDapone: 7:27am On Feb 26 |
I don't know why people say dangote money. He is one of the people who have raeped our economy from behind without mercy through shady CBN forex dealings. 1 Like 1 Share |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by Blessedarethepe(m): 7:28am On Feb 26 |
meobizy:You play bets |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by zoedew: 7:44am On Feb 26 |
We are in this together. He knows he is better off living in Nigeria. He cannot compete in a saner clime and be this wealthy. |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by BenuePolitician(m): 7:51am On Feb 26 |
Dangote making Billions of Dollars off the backs of starving Nigerians 2 Likes 1 Share |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by Brushstrokes20: 8:03am On Feb 26 |
eBOLA knows no status 6👌😆😃😜 The breakfast goes round |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by dalass(f): 8:04am On Feb 26 |
kcprince: The African leaders don't realize that the IMF and world bank according to what I saw in a viral video is fully committed to making African currency to be very weak so that raw materials from Africa will be very cheap. So keeping Africa poor is the solution to making the Western world prosperous. There's no way we will be rich with all this everlasting devaluation. $3 billiin just like that simply due to weaker naira... And they're saying we dont have industries. When this thing is making most to be making losses every year. Companies are folding up and leaving because of the weak naira to dollar ratio 2 Likes |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by Inosky: 8:15am On Feb 26 |
His cement should be banned if he tries increasing the prices. He's a greedy fellow. He gets 85% of his raw materials cheap from Nigeria, yet keeps making life difficult for Nigerians to just to stay among richest people in the world. If not for massive special support of Nigerian government to Dangote company over the years, he wouldn't have been the richest man in Nigeria not to talk of Africa or be in Forbes' lists... |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by israelmao(m): 8:17am On Feb 26 |
N4,500 skyrocketed to N13,000 yet he lost huge money to Naira devaluation.Dangote himself should be a real businessman and steer clear of playing politics with his business.His refinery that supposed to have started operating since 2022 how long it did take him to start? 1 Like |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by FireUpNow(m): 8:28am On Feb 26 |
Both the rich and the poor are feeling the effect of that unstrategic master. Agbado and cassava people, it's the era of emilokan 😀😀😄🤣 |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by Poanan: 8:31am On Feb 26 |
kcprince: The one he gained in the past? Buying forex at a price way below market price |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by OredoPikin: 8:42am On Feb 26 |
Epstein:This man was once the 25th richest man in the world during GEJ govt. Bad govt will affect everyone regardless Election has consequences |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by okorogodwin4(m): 8:56am On Feb 26 |
Moslem moselem candidate is a blessing for the northerners |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by YourKarma: 9:04am On Feb 26 |
BigDawsNet:You probably won't. The likelihood of that happening is extremely low. I'm just being realistic 😁 |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by horgarzer(m): 9:05am On Feb 26 |
How did he amass so much wealth in the first place, the man is playing on the intelligence of common Nigerians, making 300% profit on his commodities. 10% profit is still enough to make him a billionaire, his greed for money won't allow him reason this way |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by BigDawsNet: 9:19am On Feb 26 |
YourKarma: What if you don't exit anymore to see it happen |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by donborg(m): 9:27am On Feb 26 |
Epstein: Since Tinubu refused to borrow more money to stabilize the Exchange rates market, Dangote''s wealth has reduced |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by YourKarma: 9:32am On Feb 26 |
BigDawsNet:You mean "exist*? Whether I exist or not is immaterial. A lot of factors, both cosmic and otherwise, needs to align before you'll be able to fulfill your lofty dreams of being wealthier than Elon Musk. Currently, the odds are massively stacked up against you. Once again, I'm just being realistic 😁 |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by condralbedez: 9:55am On Feb 26 |
What a country? The monopoly is too much, and govt backing is unacceptable. The silent co- owners of Dangote businesses in govt perpetrating this monster monopoly should be identified and handled accordingly. Other competitors in the cement business including Ibeto and Bua are ready to bring the price down (very low) without compromising quality and quantity yet one man's interest is overriding. What a country, what a system? |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by Lomprico2: 9:56am On Feb 26 |
I don't believe this news, dangote is part of our problem and he is benefitting from this hardship. |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by IBB007: 10:17am On Feb 26 |
Lol…na our money this one take dey flex |
Re: Naira Devaluation Wipes Off $3 Billion From Dangote's Wealth In One Week by MrBONE2(m): 11:05am On Feb 26 |
BigDawsNet: Then I will be richer than you Bwana one day
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