The latest ranking of billionaires released yesterday by Forbes Magazine showed that Africa’s richest man, Alhaji Aliko Dangote, has dropped down to 26th position from the 23rd position he occupied since March this year. The business magnate, who is the Chief Executive Officer of Dangote Group, with substantial interests in sugar, flour, cement and now oil, also had his real time net worth reduced to $23.7bn from $25bn, according to the Forbes ranking. Other Nigerians on the billionaires list are Globacom’s Mike Adenuga, BUA Group’s Abdulsalam Rabiu and fashion designer turned oil tycoon, Mrs. Folorunsho Alakija.
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