Business

 Aliko Dangote, Abdulsamad Rabiu companies post N9.6 trillion capital gain in Q1 2024

Nigeria’s leading billionaire investors and business moguls, Aliko Dangote and Abdulsamad Rabiu, witnessed growth as their companies collectively amassed nearly N10 trillion in capital gains at the end of the first quarter ended March 2024.


Regardless of the daunting economic conditions in Nigeria, characterized by a staggering inflation rate of 31.70% and dwindling consumer purchasing power, both BUA Foods and Dangote Cement defied the odds and achieved remarkable capital gains exceeding 200% combined.


Analysis from the Nigeria Stock Exchange reveals the resilience of these companies in navigating the challenging economic landscape.