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Nigeria's Leader Faces Trouble From World's Worst Stocks - BLOOMBERG

FEBRUARY 11, 2019

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Muhammadu Buhari

Muhammadu Buhari

 

Photographer: Olivier Douliery/Pool via Bloomberg



Nigerian stocks have lost the most globally since Buhari came to power

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.

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