Aliko Dangote Loses $640 Million as Cement Shares Dip

BUSINESSELITESAFRICA.COM • 2h ago

Nigerian billionaire Aliko Dangote, Africa’s wealthiest individual, experienced a significant reduction in his personal fortune by approximately $640 million on Monday, October 20, 2026. This decline was primarily driven by a 5.5% fall in the share price of Dangote Cement Plc, his flagship company, on the Nigerian Exchange.

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Reported by businesselitesafrica.com.

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Aliko Dangote Loses $640 Million as Cement Shares Dip

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