Financial Analysts Predicts Recovery Of Nigeria Stock Market If Atiku Wins
You may recall that Nigerian stock market has been bleeding profusely over the past three years.
In fact, Nigerian stocks have lost the most globally since Buhari came to power, but the market may see an increase if President Muhammadu Buhari loses this weekend’s election, according to analysts at Citigroup, Reuters reports.
This will end a run that’s seen it fall more than any other in the world in dollar terms since President Muhammadu Buhari came to office in May 2015.
According to the report, some foreign investors would prefer a government led by Buhari’s main challenger, businessman and ex-Vice President Atiku Abubakar.
This is not the only time analysts are predicting improved economy if President Muhammdu Buhari loses the election this weekend.
Last month, investment banker, Afrinvest West Africa Limited predicted a higher economic growth rate of 2.7% if opposition party presidential candidate Atiku Abubakar wins the February 16, 2019 elections.
Afrinvest said, on the contrary, Nigeria’s economy will only grow by 2.5% if incumbent President Muhammadu Buhari is re-elected for a second term.
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