Africa's richest man got a fistful of dollars in Nigerian currency squeeze

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.

Reuters examined foreign currency transactions made during an 11-week period in March to May this year. Over that time, Dangote businesses were able to buy at least US$1…