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

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

To contact the reporter on this story: Paul Wallace in Lagos at pwallace25@bloomberg.net

To contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Alex Nicholson

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