African richest man Aliko Dangote and world 23rd richest has lost $7.8 billion out of his $21.6 billion fortune.
This is as a result of the Naira devaluation and a fall in the oil price which affected most blue chip stock listed in Nigerian stock exchange such as Zenith Bank and Dangote Cement which fell to a one year low
According to Forbes magazine, the devaluation knock off more than $40 billion from Nigeria economy as Naira now trades N187 to $1 as against N165 in November
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