Foreign
investors continue to buy Nigerian assets, undeterred by rising violence and
security concerns. Omar Hafeez, CEO Citi Bank Nigeria cites $1.1 billion worth
of Eurobonds it had traded for three local lenders so far this year as
evidence.
However,
Reuters reports that any spread of attacks further south or to the commercial
hub of Lagos could begin to put off even established investors.
A
violent insurgency in Nigeria has killed hundreds this year, with the abduction
of more than 200 schoolgirls by Boko Haram making world headlines in April and
overshadowing the country’s rise to overtake South Africa as the continent’s
top economy.
Africa’s
top oil producer also faces
