• Dangote reveals he has lost over N50b to ‘flexible exchange’ policy

    Dangote reveals he has lost over N50b to ‘flexible exchange’ policy

    Africa’s Richest man and President of Dangote Group, Aliko Dangote, over the weekend revealed that his company has lost over N50 billion to the flexible foreign exchange policy since the Federal government introduced it last week Monday June 20th.

    The apex bank had scrapped the dual exchange rate policy, creating a single window for the trade in Naira.

    The Nation reports that Dangote made the disclosure when he spoke during an inspection tour with Vice President Yemi Osinbajo and some Ministers had […]