₦airaland Forum

– Bloomberg Billionaires index reports that Aliko Dangote has suffered a $5.4 billion loss which translates to about N1.35 trillion



Dangote’s wealth loss has been attributed to the slump in commodities prices and the devaluation of the naira in June by the Central Bank of Nigeria (CBN). Nigeria’s current economy crisis has taken a toll on Africa’s richest man, Aliko Dangote, resulting in the Nigerian billionaire losing $5.4 billion in fortune since this year.


According to data obtained, from Bloomberg Billionaires index on Wednesday, August 31, Dangote’s $5.4 billion loss translates to about N1.35 trillion, using an average exchange rate of N250 to a dollar. Bloomberg billionaires index According to the report, the cement mogul who is 118 on the billionaires ranking, stands at a net worth of $9.9 billion, a 62 per cent drop since January 2014.

Bloomberg billionaires data. However, Africa’s second-wealthiest person, South African Christo Wiese, who 181 on the billionaires ranking, trails Dangote by $2.8 billion with his fortune climbing 12 per cent this year on the index.


Meanwhile, Dangote, has dismissed media reports that South Africa had overtaken Nigeria as Africa’s biggest economy.


The report which downgraded Nigeria’s economy below that of South Africa, stated that the change in status of both countries was attributed to the appreciation of the rand, South Africa’s currency, and the devaluation of the Nigerian naira. The report added that the rand has gained more than 16 per cent against the US currency since the start of 2016; while in contrast, Nigeria’s naira has lost more than a third of its value. But the president of the Dangote Group, insists that Nigeria remains the number one economy in Africa.



https://https-www-naij-com.0.freebasics.com/950224-economic-crisis-dangote-becomes-poorer-see-billionaires-ranking.html?iorg_service_id_internal=692981340802115%3BAfqqhYkplDSvW1LT

Where Is Afrinolly Located?

80times?? Abeg Who Dey Count Am?

Seun!!! Seun!!! Lalasticlala!! Lalasticlala!!! Work Don Land Oooh - Oya Put On Your Clothes, Be Fast - Make We Go Kidnap This Guy At All, At All Even If Nah 20billion We Go See..



Seun And Lalasticlala Be Like

NIL

searchiing4love:
Their marriage will crash in Jesus name. Every man will keep using and dumping her like tissue paper. Pestle no dey sit for ground her yansh no go sit for any man house

Yeah This Is Prayer Not A Curse - It's A Prayer - This Prayer Awaits Your Children Too

I Love Slim Ladies - Their Bodies Make Me Go Crazy

DLuciano:
Don't mind them. Seun, Lalasticala, mynd44 and the rest niggas will not go and learn new social media techniques from Mark Zukerberg just here in Lagos, only to suspend, block and all manner of sentiments they know. How many times have you heard face book block your comment or quote or suspend you?

Best Comment Ever - Seun Should Learn From This




I'm Gon Share This

NIL

– Africa’s richest man, Aliko Dangote has unveiled plans by his company to generate a whopping 12,000 megawatts of electricity by 2018


– Dangote said the power project would be gas-based and that his company would lay its gas pipelines across the floor of the sea


Africa’s richest man, Aliko Dangote, has unveiled plans to end poor power supply in Nigeria by 2018 Nigerian business tycoon, Aliko Dangote has concluded plans to generate 12,000 megawatts of electricity by 2018 to boost the current power supply that has hovered between 2,000 and 5,000 in the last 15 months, Leadership reports. Dangote confirmed the ambitious plans on Monday, August 29, noting that the gas project is company is planning would have gas pipelines on the floor of the sea.


“Our gas project would have our gas pipelines on the seabed. The output should be able to provide about 12,000MW of power. We see a lot of transformation when we are done with most of our projects by 2018,”


Dangote told a conference in Lagos on Monday. Leadership reports that Dangote also reiterated the words of business professor Pat Utomi that the fall in crude oil price is a blessing in disguise which the nation must take advantage of to explore other sectors of the economy.


“This is the right moment to pursue the diversification of the economy, which we have been talking about. I know that once oil gets back to $80 per barrel, we will go back to the same misbehaviour. “But I think this is the right time for that. Government must come up with the right policy, because if we don’t do it now, we may not do it. But low prices do not mean doom. In 1998-1999, the price of oil was $9. What we need to do is just to block the leakages and pursue diversification.


“There are some areas where we are facing serious challenges and there are some where we are not. It depends on your business model. If your business model is to import 100 per cent, definitely, you will be facing challenges, because the inflow of foreign exchange is not where it used to be a year and a half ago,”


he said. Meanwhile, the price of cement all over the country has gone up by 44% with a bag selling for N2,300, thereby triggering a ripple effect in the open market. In order to meet up with their production costs, operators under the Cement Manufacturers Association of Nigeria (CMAN), of which Dangote is one, have raised prices of brands by N600 per bag in factories, including additional N100 cost for haulage. This has increased retail prices from N1,600 to N2,300 depending on location. In some areas, prices have shot up to N21,350 or higher.


https://https-www-naij-com.0.freebasics.com/949918-good-news-poor-power-supply-end-2018-brilliant-move-dangote.html?iorg_service_id_internal=692981340802115%3BAfqqhYkplDSvW1LT

Vizkizz:
Imagine such degrading of the citizens of the federal Republic of Nigeria!

Do you like dangote is a Nigerian?
Do you know otedola is a Nigerian?
Do you know adenuga is a Nigeria?
Do you know E-money is a Nigerian?


Op, let me give you three reasons why you are a fool

1. For comparing on man to the whole nation

2. For asslicking a fellow man then comparing him to the whole citizen of your country

3. Feeling inferior to a white man the comparing him to the while citizen of your country.

Enough of this whole comparism already. Not all Nigerians think alike about 90% of all you typed up there is hogwash

Aaaaaaaah

Bro Chill Now, I'm Only Doing This For Fun And I Am Not In Any Way Downgrading The African Race.


I'm Sorry, If I've Done Anything Wrong For Creating This Thread.


I Am Sorry Once Again.

Lalasticlala Please Do What You Know How To Do Best!

6. Take a surprise trip to another country without telling anyone


Zuckerberg surprised most of us today when he appeared in Lagos to attend the event at Yaba. Now, it was no surprise to the organizers but the rest of Nigeria never expected it. We are now wondering if his family knew. Nigerian families do not like surprises. Especially if you are travelling. People need to know and need to pray for you or wish you a safe journey and make sure you are okay. If you show up unexpectedly in attempt to surprise your family members, it may turn into a family meeting over your unruly behavior.

5. Say you do not eat meat.


Zuckerberg became a vegetarian in 2011 as a challenge. A vegetarian is a person who does not eat meat or fish, and sometimes other animal products. This means that when your mother makes her range of African dishes with meat, chicken, stock fish and so on, you will politely decline and tell her you only want vegetables and fruit. Maybe the dirty slap you will receive will set you straight or maybe it will add to your hunger because my dear, you must eat what is given to you or starve.

4. Drop out of university


Zuckerberg dropped out of Harvard University in America to work on Facebook. For those of you who don’t know, Harvard is the top University in the world based on statistics so imagine your parents can afford your school fees there or you won a scholarship and made them proud. Next thing, you call them and say you don’t want to graduate because of your social media idea. How many of you would dare make such a revelation to your parents?

3. Say you don’t believe in God


Zuckerberg is an atheist. An atheist is a person who disbelieves or lacks belief in the existence of God or gods. Now, to say this is an abomination in a Nigerian home is correct. Your parents will most likely believe in one God or many gods and you must join them. When you are old enough to have your own house, you can do as you like but so long as you live under their roof, you will follow them to all their religious services, sorry.

2. Marry someone outside your race/country


Zuckerberg is married to his lovely wife, Priscilla Chan who is Chinese. They are not of the same race but love brought them together. You may travel abroad and find love elsewhere but how willing are you to bring a man/woman of who is not Nigerian to your parents? Things are evolving and Nigerian parents are not so closed-minded but be ready to give a full thesis on why your man/woman is better than 93 million potential husbands/wives in Nigeria.

6 things Mark Zuckerberg did that Nigerians cannot do.


Mark Elliot Zuckerberg is an American programmer, Internet entrepreneur, executive, and philanthropist. He is the Chief Executive Officer, and co-founder of social networking website, Facebook and has a net worth of $53.7 billion.



That’s a lot to take in, especially if you convert it to Naira with the current dollar rate. Zuckerberg is currently in Nigeria to inspire and encourage the growth of our social media platforms and Nigerians are excited and recording moments with him. The billionaire has worked hard to get to where he is and it’s common for people to want to copy his success story. However, as a Nigerian living in Nigeria, it’s not everything that Zuckerberg did that you can do. Here are six things you had better not try to copy from Mark Zuckerberg if you like your life in Nigeria


1. Think that your money is yours alone.


Zuckerberg is worth $53.7 billion and currently the 6th richest man in the world. If you achieve such wealth in a Nigerian home, it is only courtesy that you remember those who helped you get to where you are. Your parents for all their years of sacrificing for you and your younger siblings who you need to put through school. In fact, any bills that come into the house, you should be able to take care of them as you are earning the most. If you decide to be stingy and refuse to let anyone in your family have out of your money, you will not have peace of mind int hat house

Are You Freaking Kidding Me? He Hasn't Visited Me Yet

Everybody Just Dey Visit Nigeria - Are You Guys Thinking What I'm Thinking?? I Think The Real Change Has Come - This Is A New Dawn For Nigeria - Henceforth, Nigerians And Nigeria Will Be Known For Good And Not The Bad Things - We'll Be Great Again - Amen, Amen, Amen In Jesus Name Fire

Mark

I Never Knew Mark Zuckerberg Was Married To A Chinesse Until Yesterday! - I Know He's A Married, But I Didn't Know He Married A Chinesse

Raw-Bitchh

What's This One Singing??



He No Fit Iron The Cloth He's Putting On Sef!

This One Photo Is More Popular Than Her Music Carrier Mtchewee

Aleora:
I swear if I catch you ehnnn lols you are funny

Lol

Stevosty:
Vand the mod?

You Wan Make Them Ban Me?