Nigerian Businessman loses out of the Billionaire's list

Nigerian Femi Otedola loses out in African Richest list after he dropped from $1.8billion to $550milliion. After he experienced massive drop in his petroleum marketing company Fortes oil Forbes reported that his oil share price was at N145 per share down from all time from all time of N342. 

     Otedola's fortune was affected by devaluation of Naira by Central Bank Of Nigeria in June.