Nigerian billionaire Dangote suffers $640 million wealth hit as cement shares slide

African Insider | 20.10.2026 23:30
Lagos — Nigerian billionaire Aliko Dangote lost an estimated $640 million in wealth after shares in Dangote Cement Plc fell 5.5% on Monday, October 19, amid a broader sell-off that wiped ₦1.47 trillion off the Nigerian stock market.