A sharp bearish wave on the Nigerian Exchange Limited (NGX) has wiped approximately N4.23 trillion off the equity portfolio of Africa’s richest man, Aliko Dangote, in just 24 trading days to July 3.
The massive contraction in paper wealth comes as investors aggressively reprice his flagship asset, Dangote Cement Plc, triggering a steep share slump from its June highs.
The contraction—driven largely by market technicalities, including a post-dividend markdown and broader macroeconomic adjustments—highlights the heightened volatility curren
