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Nigeria’s leader faces trouble from world’s worst stocks: chart

Nigeria to hold elections this weekend.
Muhammadu Buhari, Nigeria's president. Picture: Michael Nagle/Bloomberg

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 privatise state assets and float the naira, many are skeptical and point to his reputation for corruption.

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Keep out of this jurisdiction. Its a failed state with no rule of law, corporate governance etc. In fact it is a true example of a banana republic. Risk reward-you can do way better in Asia if you want emerging market exposure

I wouldn’t pass water over Nigeria.

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