
Aliko Dangote







Africa's richest man, Aliko Dangote, has dropped in Billionaire raking after losing about $3 billion in one week due to naira devaluation by Nigeria.

The Nigerian currency, the naira, plunged to the lowest in the official and parallel markets on Monday, February 19, 2024, as cement manufacturers slashed price.

The Nigerian Senate has perfected plans to investigate the high cost of cement in Nigeria, mandating its committee on Industries to probe manufacturers in Nigeria.

The list of the richest men in the world in 2024 has adjusted with Elon Musk, and Mark Zuckerberg changing positions and led by French billionaire.

The federal government and cement manufacturers (Dangote, BUA, Lafarge) have reached six key important agreements after a closed-door meeting in Abuja.

Dangote, BUA and Lafarge have agreed on a new price for a bag of cement, bringing succour to builders and real estate companies after the hike to as high as N15,000.

The Association of Cement Producers in Nigeria (CEPA) has given the Nigerian government the condition on which the price of the product could reduce.

The $20 billion Dangote Refinery reportedly plans to export its first fuel cargo after months of preparation as the Port Harcourt Refinery has begun production

Cement producers have been invited to a meeting on Monday by the minister of works, David Umahi, to discuss the concerns raised by the startling rise in cement costs
Aliko Dangote
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