Nigerian business tycoon Aliko Dangote has moved down 25 places on the Forbes list of billionaires for March 2012 claiming the 76th position from 51st he occupied last year. The downward movement was as a result of a $2.6 billion loss in his fortune from $13.8 billion in 2011 to $11.2 billion in 2012.
He is however still the richest man in Nigeria as the chairperson of Dangote Group which spans food processing, cement manufacturing, and freight.Mr. Dangote is not the only Nigerian who stayed on the Forbes list.The fortunes of telecoms billionaire, Mike Adenuga moved from $2 billion in 2011 to $4.3 billion as at March 2012, making him the second richest man in Nigeria. READ FULL STORY HERE
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