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Explainer: What is at stake for investors in Nigeria’s election?

Explainer: What is at stake for investors in Nigeria’s election?

VOTERS in Nigeria go to the polls on February 25 and international investors are cautiously hopeful that whoever is elected as the next president of Africa's largest and most populous economy will be more market-friendly than the current government. While there are also parliamentary elections, the focus is on the presidency. With incumbent Muhammadu Buhari not on the ballot, the main contenders are ruling party veteran Bola Tinubu, former vice president Atiku Abubakar, and third party candidate Peter Obi. WHAT ARE MAIN ISSUES FOR INVESTORS? Multiple exchange rates, widespread insecurity and low oil production due to massive crude theft are all problems that worry…
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