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Aliko Dangote's Business Empire Suffers Amid Nigeria's Currency Crisis, Exposing His Decline! Aliko Dangote's business empire faces financial strain amidst Nigeria's naira crisis. His total wealth stands at $10.2 billion, but as of July 31, 2023, he has lost $706 million (6.50%). The currency turmoil significantly impacted his wealth, and even Dangote Cement is not |
As of July 31, 2023, Dangotes net worth stands at $10.2 billion, but this figure comes with a heavy price tag. The ongoing naira crisis has caused him to lose a staggering $706 million, equivalent to 6.50% of his fortune. | Pulse Nigeria
About two weeks after President Bola Tinubu promised to unify the nation’s multiple exchange rates, the apex bank decided to float the naira at the Investor’s and Exporters’ Window of the foreign exchange market. Since then, the naira had fallen from N471/dollar to N867/$.
![[AVIATION] Forex crisis: Passengers groan as foreign airlines hike fares - Vimarsana News](https://www.opinionnigeria.com/wp-content/uploads/2014/03/A-Malaysian-passenger-plane-3225398.png.jpeg)
Apiaka recounted the challenges she faced, stating, “The recent increase and fluctuation in foreign currency has affected my travelling plans, especially considering the amount I had originally budgeted for the process. I had to go back to my drawing board to replan and find the best way to achieve my travel goal. This meant cutting down on a lot of expenses, including food, clothing, and family-related costs, in order to meet the current exchange rate and make the most of every penny I have.”
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittance payout in Naira to beneficiaries and