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Top related persons:
Bola - 1 Temilade - 1 Bola Tinubu's - 1 Tunde Ajileye - 1 Muhammadu Buhari - 1 Godwin Emefiele - 1 Goldman Sachs - 1 Andrew Matheny - 1
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Abuja Nigeria JOHANNESBURG LONDON Lagos Blakeney Africa
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Search resuls for: "Joe Delvaux"


2 mentions found


☆ Baba Go-fast? Nigeria's Tinubu stuns wary investors with quick reforms
  + stars: | 2023-06-15 | by ( Rachel Savage Libgeorge | Rachel Savage | Thomson Reuters | ) www.reuters.com   time to read: +4 min
But investors, burned by previous reforms that ultimately proved hollow, say it will take time to build trust and listed myriad questions over the final shape of the economy. Tinubu is from the same party as predecessor Muhammadu Buhari, dubbed "Baba Go-slow" for his pottering pace - taking six months to appoint cabinet members. Nigeria's international dollar bonds and the country's stock market have been boosted by the speedy reforms. Reuters GraphicsInvestors also worry about low tax receipts and falling oil output - structural reforms that will take far longer to sort. Meanwhile interest rates, which Tinubu has said he would like to see fall, were hiked by 50 bps last month to 18.5%.
Persons: Bola, Temilade, Bola Tinubu's, Tunde Ajileye, Muhammadu Buhari, Godwin Emefiele, Goldman Sachs, Andrew Matheny, John Mumo, Joe Delvaux, Amundi, Delvaux, Tinubu, Patrick Curran, Rachel Savage, Libby George, Karin Strohecker, Nick Macfie Organizations: Nigeria's, REUTERS, Central Bank, Reuters, Reuters Graphics, Tellimer, Thomson Locations: Abuja, Nigeria, JOHANNESBURG, LONDON, Lagos, Blakeney, Africa
☆ Explainer: What is at stake for investors in Nigeria's election?
  + stars: | 2023-02-13 | by ( Rachel Savage | ) www.reuters.com   time to read: +4 min
Multiple exchange rates, widespread insecurity and low oil production due to massive crude theft are all problems that worry investors. Another focus is soaring fuel subsidy costs that devour government revenues and drive up debt. "No investor's going to want to buy into a market where you can't sell stock and get your money out," he said. Foreign investors held 16% of shares on Nigeria's stock exchange last year, sharply down from 58% in 2014, Nigerian Exchange Group data showed. Many investors, however, were cautiously optimistic that Nigeria would see improvements, whoever wins on Feb. 25.
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