This Week in Nigeria Capital Market (13-17/01/2020): Devaluation, Inflation, Stock Market, Yields

Why you must preserve your wealth: lessons from Dangote “As of March 2019, he had an estimated net worth of US$10.6 billion. Dangote is ranked by Forbes magazine as the 100th-richest person in the world and the richest man in Africa, and peaked on the list as the 23rd-richest person in the world as at 2014” Wikipedia Within 5 years he dropped from 23rd to 100th, what happened to King Dangote? Nigeria happened to him. Inflation happened to him; average inflation rate was 8% in 2014 as against 11.40% of 2019. Devaluation happened to him, with N155 naira you could buy $1 in 2014 but now you need N306 to buy the … Continue reading This Week in Nigeria Capital Market (13-17/01/2020): Devaluation, Inflation, Stock Market, Yields