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Nairaland Forum / Nairaland / General / Business / Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man (1095 Views)
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Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by 9jaBlogger: 6:38pm On Jun 15, 2023 |
Nigerian business magnate and Africa’s richest man, Alhaji Aliko Dangote, has suffered a substantial depletion in wealth amounting to N1.45 trillion ($3.12 billion) following the recent change in the Naira’s exchange rate system. https://metrowatchxtra.com/2023/06/15/naira-devaluation-dangote-loses-n1-45bn-in-hours-drops-from-74-to-94th-worlds-richest-metrowatch/ Lalasticlala Seun Mynd4 1 Like
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Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by 9jaBlogger: 6:38pm On Jun 15, 2023 |
1-100 World's Richest Persons
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Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by Jostoman: 6:42pm On Jun 15, 2023 |
BAT is working 1 Like |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by LikeAking: 6:42pm On Jun 15, 2023 |
Tinubu one finish the country kpata kpata. The truth is the Naira should have been floated at 450. Pararel ex rates still exist till this day. Nigeria may be heading to another round of suffering. 1 Like |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by CodeTemplar: 6:44pm On Jun 15, 2023 |
It also affects the average daily income of every Nigerians. N1000 before is now lesser in dollar & global value, so has therefore pushed the indices down a bit on global level. |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by CodeTemplar: 6:45pm On Jun 15, 2023 |
LikeAking:Stop talkimg like you are Buhari on nairaland - an illiterate. You don't determine the price once it is floated, market forces of demand supply does. 9 Likes |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by Parachoko: 6:47pm On Jun 15, 2023 |
He will rise through the rank again when the naira start appreciating against the dollar We Nigerians will suffer today and Enjoy Tomorrow 2 Likes |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by LikeAking: 6:47pm On Jun 15, 2023 |
CodeTemplar: I no one argue.. You know nothing on this topic. So market forces push it up from 450 to 650 in a day? If true, then be prepared for hard times. 1 Like |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by Godfullsam(m): 6:48pm On Jun 15, 2023 |
LikeAking: Stop wailing. |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by LikeAking: 6:50pm On Jun 15, 2023 |
Godfullsam: Stop surporting bad govt polices... Dangote don looose him own, now na ya turn to loose too.. Use ya brain. |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by adebayo987: 6:51pm On Jun 15, 2023 |
LikeAking:You're a joke! Why not just google what "currency float" means before commenting? |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by adebayo987: 6:53pm On Jun 15, 2023 |
It's temporary... Our Baba Tinubu got it all figured out! Just relax. 1 Like |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by LikeAking: 6:54pm On Jun 15, 2023 |
adebayo987: You are the joke here, surporting Tinubu blindly.. Na you go suffer not him.. Focus on the impact of the floating, not the theory.. You should think, think.. Forget tribalism.. Na ur kids go suffer the impact, not his. Naira floating made the Naira loose almost 45% value in less than a week is that a good thing. Who approved the policy, it's Tinubu. Stop been silly.. When you can't feed your daughters, you know what's next na... |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by Godfullsam(m): 6:54pm On Jun 15, 2023 |
LikeAking: You are still wailing.. Oyah continue |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by seunmsg(m): 6:54pm On Jun 15, 2023 |
LikeAking: N460 was a false and deluded rate. We will need to use all our forex reserve to defend the rate if we want to maintain it. The parallel market rate is a more realistic rate. It is the rate decided by market forces. Something close to the realistic rate is the reasonable rate to float as it indicates the rate at which arm’s length transactions can be done. 3 Likes |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by LikeAking: 6:57pm On Jun 15, 2023 |
seunmsg: Will Dangote make a statement like this, after loosing his money? Which market forces? Full subsidy has ended, that like the major consumer of our forex... There shid be enuf forex in the country... At least next month. |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by VeryWickedMan: 6:57pm On Jun 15, 2023 |
I thought Tilumboo was working?
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Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by sreamsense: 6:58pm On Jun 15, 2023 |
Op, is this original list? Why is my name not among the first five here, is like you are not current? Go back and redownload the page until you see the one that shows my name where I am place above Billgate |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by adebayo987: 6:59pm On Jun 15, 2023 |
You're showing the world your level of f00lishness. I pity whoever sits to listen to you. LikeAking: |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by 9jaBlogger: 7:00pm On Jun 15, 2023 |
Lalasticlala Seun Mynd4 FP |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by LikeAking: 7:01pm On Jun 15, 2023 |
adebayo987:The world already know the foolish ones amongst us. They always use curesef words like u are doing right now. Continue... How much you dey buy fuel now? That's if you have a car, etc. Continue supporting nonesense until you get sense.. |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by adebayo987: 7:04pm On Jun 15, 2023 |
See moomoo o... Hahahaha! Hahahaha 😂 🤣 😂 🤣 😂 🤣 😂 🤣 😂 😆 😅 😆 😅 😅 😅 😅 😂 😆 😂 😆 😂 😂 😂 😂 😂 😂 😂 x33 thousand millions LikeAking: |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by LikeAking: 7:06pm On Jun 15, 2023 |
adebayo987: E don do, in 6 months time we go know who be the proper mumu... Naso one guy argue with me about Naira loosing value when Emefile introduced his Naira redesign... The next day Naira went to 950 to a dollar.. No be all of us on this forum daft.. Wait for 6 months. |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by seunmsg(m): 7:09pm On Jun 15, 2023 |
LikeAking: In Naira terms, Dangote has not lost anything. In fact, his investment appreciated in Naira terms. He’s trading in Naira and not dollar. 1 Like |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by MXrep: 7:10pm On Jun 15, 2023 |
Be ready for serious inflation |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by adebayo987: 7:13pm On Jun 15, 2023 |
LikeAking:Tinubu is fixing the country. This is what happens when something is been fixed, an engineer would unmount the device and fix it. The hardships are all temporary with the policies and performances of Tinubu's government. That's how things happen when you're repairing a spoilt thing. I just discovered that you're a kid with misinformed brain trying to figure out what country you exist in. Learn a little bit of economics before you judge Tinubu. Everyone is hailing his bold steps now because they understand what would happen in the long run. You can continue to display your brainwashed level of understanding for your future kids to make fun of. |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by kokorokoman: 7:14pm On Jun 15, 2023 |
LikeAking:chai. a man that does not know and he knows that he does not know and he does not want to know will always remain a ............ just imangine your family member come see how you dey display ignorance here now. only you just dey quote everybody untop matter you obviously have zero knowledge about. |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by 9jahotblog: 7:17pm On Jun 15, 2023 |
That’s the results of monopolistic economy Dangote is practicing now |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by LikeAking: 7:27pm On Jun 15, 2023 |
kokorokoman: In 6 months time we will know who is ignorant. U dey talk as if u wia there, when Dem they trade am. |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by DEXTROVERT: 7:29pm On Jun 15, 2023 |
Even Everyone wey get dollars For Dom account Became Lost Some Money |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by CodeTemplar: 7:47pm On Jun 15, 2023 |
LikeAking:it has been around the 650, it was the artificial pegging that kept it at around 465 in I&E window. |
Re: Naira Devaluation: Dangote Loses $3.12B, Drops To 94th World’s Richest Man by CodeTemplar: 7:49pm On Jun 15, 2023 |
DEXTROVERT:depending on how much you bought it. If you Vought at N465, you make profit but if at around N750 from black market, you lose. |
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