SUBSCRIBERS
Africa's richest man got a fistful of dollars in Nigerian currency squeeze
Published Sun, Jun 26, 2016 · 09:50 PM
Lagos
AS Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa's richest man.
When the government restricted the supply of dollars in June 2015 to prop up the value of the Nigerian naira, firms owned by Mr Dangote landed a healthy share of dollars available at the cheap official rate, a study by Reuters shows.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons