In July 2024, Dangote Group companies experienced a N1.21 trillion market cap loss due to share price declines.

In July 2024, Dangote Group companies experienced a N1.21 trillion market cap loss due to share price declines, with Dangote Cement, Dangote Sugar, and NASCON Allied Industries losing 10%, 13.6%, and 19.8% respectively. This contributed to a N1.02 trillion drop in Dangote's personal wealth, reducing his net worth from $14.8B to $13.6B. The Nigerian Exchange Limited also dropped by 2.28%, leading to a N1.09 trillion decline in market cap.

August 03, 2024
3 Articles