N483/N485 (updated 9.12.16:morn)
buying/selling naira exchange rates per USD
Thursday, 22 September 2016

Nigeria's richest man Aliko Dangote made the announcement during his interview with Bloomberg TV on Wednesday 21 September 2016.

According to Dangote:
"It’s not about buying Arsenal and just continuing with business as usual, it’s about buying Arsenal and turning it around.

"I’ve run a very successful business and I think I can also run a very successful team. Right now, with what we’re facing, over $20 billion of projects, I cannot do both.

"Maybe three to four years. The issue is that we have more challenging headwinds. I need to get those out the way first and start having tailwinds. Then I’ll focus on this."
 
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