See how Dangote loses N240 billion in five hours due to coronavirus

Posted by E.L.E.X on March 12 2020 under News









Africa’s richest man Aliko Dangote suffered a huge loss due to coronavirus on Wednesday March 11, as he lost N240 billion in five hours. 

 

Dangote’s firms under the parent-company 'Dangote Group', suffered huge losses just after the World Health Organisation (WHO) declared coronavirus a pandemic (spreading in multiple countries around the world at the same time). 

 

The Nation reported that Dangote Cement Plc which is Nigeria’s most capitalised quoted company and accounts for more than 20 per cent of the total market capitalisation, led the decline with the maximum daily allowable drop of 10 per cent or N17, which is equivalent to net depreciation of N289.68 billion. 

 

Dangote Sugar Refinery (DSR) Plc and NASCON Allied Industries Plc lost N1.8 billion and N3.05 billion. Dangote Cement’s share price dropped by N17 from N170 to close at N153.  NASCON Allied Industries declined by N1.15 to close at N3.05 while DSR lost 15 kobo to close at N9.75 per share.




YOU MAY ALSO LIKE

Related Posts Pictures

Kaduna state governor, Nasir El-Rufai, weeps at the funeral of the Chief of Army Staff, Ibrahim Attahiru (SEE VIDEO)

Related Posts Pictures

Divine Revelation: Prophet TB Joshua Reveals Why Pastor Adeboye Son Died Suddenly (SEE WHY)

Related Posts Pictures

PDP rejects N151 fuel price and hike in electricity tariff; says APC is punishing Nigerians

Related Posts Pictures

Blue-eyed Woman Has Asked To Be Reunited With Her Husband – Kwara First Lady

Related Posts Pictures

Tape Of Tinubu Promising To Share Huge Money If Buhari Wins (Listen)

Comments


Add Comment

All fields are required!








Contact Us Picture

Are you interested in Advert placement | Promoting your Music or Video | Other Enquiries? We are always available to get that done for you without breaking a sweat. Send us a mail @ elextechnologies4@gmail.com | Call us @ 08132021949 | Message us via whatsapp @ 08132021949