Foreign Investors Waiting For A Buhari Loss Before Investing In Nigerian Stock

Foreign Investors Waiting For A Buhari Loss Before Investing In Nigerian Stock

Nigeria’s stock market may rally if President Muhammadu Buhari loses this weekend’s election, according to analysts at Citigroup, ending a run that’s seen it fall more than any other in the world in dollar terms since the 76-year-old former general came to office in May 2015. Some foreign investors would prefer a government led by Buhari’s main challenger, businessman and ex-Vice President Atiku Abubakar. But while the 72-year-old has pledged to privatize state assets and float the naira, many are skeptical and point to his reputation for corruption.

https://www.bloomberg.com/amp/news/articles/2019-02-11/nigeria-s-leader-faces-trouble-from-world-s-worst-stocks-chart?__twitter_impression=true

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