The Business Times
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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.

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