Dangote Industries Limited ended trading on the Nigerian Stock Exchange, Friday, as the biggest loser leaving its owner, Aliko Dangote, with a drop in net worth by $900m.

Bloomberg Billionaires Index which ranks the first 500 richest people in the world showed that his wealth fell from $18.4bn on Thursday to $17.5bn on Friday, taking him from 106th to 114th on the list of wealthiest people in the world.

According to Bloomberg, “The majority of Dangote’s fortune is derived from his 86 per cent stake in publicly-traded Dangote Cement. He holds the shares in the company directly and through his conglomerate, Dangote Industries.

“A $12bn oil refinery that is currently being developed in Nigeria isn’t included in the valuation because it’s not yet operational and construction costs are calculated to outweigh its current value,”

Dangote is the only Nigerian on the list.


https://www.vanguardngr.com/2021/01/dangote-loses-almost-900m-drops-eight-places-on-billionaires-list/

No need for this in the first place. It is sad when the led have more wisdom than the leaders

Just one week after his bumbum got leaked by his mistress and went viral on social media

he’s not doing any business afterall

Optional09:
he’s not doing any business afterall

Definitely he's not doing any business, he's more of a political business man

I like his take on diversifying since I don't see too much of his hold on the cement industry in the coming years. I know mining is cost intensive but that's another key area that's yet untapped in this nation. I'm not referring to oil mining here but gas, gold, iron ore, bitumen... These are key industries. The cement world will give way in the coming years by attracting more investors into the sector considering the profit margin involved. A bag sell for over #3000 now, an artificially stimulated increase considering over 90 percent of the resource needed to make a bag is sorted out locally. So here the issue of forex should have contributed very little to this recent sharp increase. We have just about 5 key players now but I see a rush influx of investment and simultaneous dwindling of the Monopoly hold. Fingers crossed

He trives based on monopolized economy, he's given waiver for everything at the expense of the rest of Nigerians, on a normal business of level play ground he would have been sent packing since, he's heavily patronized by the government, you can see the effect now, if dangote gets show down the whole country would fidgeting, what a shame

He is yet to lose more if he don't focus on his money and leave daughters of jezebels.

I heard his pretty girls collection are rivalling king solomon's.


If true ... Poster below me knows better.

Is this a good news or badnews

GayPontiff:
He is yet to lose more.
I heard his pretty girls collection are rivalling king solomon's.
If true ... Poster below me knows better

enemy of progress is sighted,
try to be more positive in thinking and wishes

Komolafe89:


enemy of progress is sighted,

try to be more positive in thinking and wishes

Wetin consign me and d man?

U may worship him, but I don't.

Kneel down n face west and wish him good 20x a day whilst at it too.

If he does well, his biz he does bad his biz. Doesn't add to me in anyway.

Since na ur papa brother, tell am to cover him black yansh next time abeg.
Heard his pretty girls collection r much...na there I cut cap for am but make him wise up.

He is still the richest man in Africa

900 Million?

[img]https://media./images/a8c798d41611ed88a22194ee5c5fbed4/tenor.gif[/img]

The monopolist must also feel the 'change'.

NofiuFade:
Dangote Industries Limited ended trading on the Nigerian Stock Exchange, Friday, as the biggest loser leaving its owner, Aliko Dangote, with a drop in net worth by $900m.

Bloomberg Billionaires Index which ranks the first 500 richest people in the world showed that his wealth fell from $18.4bn on Thursday to $17.5bn on Friday, taking him from 106th to 114th on the list of wealthiest people in the world.

According to Bloomberg, “The majority of Dangote’s fortune is derived from his 86 per cent stake in publicly-traded Dangote Cement. He holds the shares in the company directly and through his conglomerate, Dangote Industries.

“A $12bn oil refinery that is currently being developed in Nigeria isn’t included in the valuation because it’s not yet operational and construction costs are calculated to outweigh its current value,”

Dangote is the only Nigerian on the list.


https://www.vanguardngr.com/2021/01/dangote-loses-almost-900m-drops-eight-places-on-billionaires-list/

dangote is a common criminal he help government officials to pen robber Nigerians he should be in jail if Nigeria is country

$900m just like that

Dangote will bounce back

I will send this man out of business very soon

Optional09:
he’s not doing any business afterall

Oil dey your braiiin

$17.5 billion is not small networth

When I have shishi....Oh God, in your hand I lay my eggs

blamingthedevil:

Oil dey your braiiin

$17.5 billion is not small networth

dangote networth no reach any 17.5 billion shatap

Nothing progresses in NIGERIA under a Miyetti Allah FULANI HERDSMEN GOVERNMENT.

Nothing progresses in NIGERIA under a Miyetti Allah FULANI HERDSMEN GOVERNMENT. The CBN IS CENTRAL BANK NONSENSE (CONCOCTED BUREAU DE NUNU).

Future 9th Igbo state
Name: Omanbala
Capital: Aguleri
LGA:
Oyi
Ayamelum
Agukwu-Nri (Carved out of Anaocha)
Anambra West
Anambra East
Ibaji
Igalamela
Odolu
Olumbanasa
Umueri

10 LGA in all which can be expanded to cater for the population.

Lawrencebo0060:
No need for this in the first place. It is sad when the led have more wisdom than the leaders

BUHARINOMICS HAS TURNED DANGOTE INTO A SCAVENGER AMONG HIS PEOPLE.

dubra:
He trives based on monopolized economy, he's given waiver for everything at the expense of the rest of Nigerians, on a normal business of level play ground he would have been sent packing since, he's heavily patronized by the government, you can see the effect now, if dangote gets show down the whole country would fidgeting, what a shame

Did you read and understand the article at all?

The $900 Million drop was as a result of drop in the prices of his companies shares at the Nigerian Stock Exchange.


So Gov't patronize Dangote?

Pga o

madmohamed:
dangote is a common criminal he help government officials to pen robber Nigerians he should be in jail if Nigeria is country

What of Sir Emeka Offor, Aurthur Eze and Innocent 'Innoson' Chukwuma?

AdaugoChisom:
When I have shishi....Oh God, in your hand I lay my eggs

Your eggs?
You wan sell am?