Nigerian stocks surged the most since March 2010, leading gains among world equity markets, after former military ruler Muhammadu Buhari won a vote marking the first peaceful shift in power since the end of colonial rule in 1960.

The Nigerian Stock Exchange All Share Index rose for a ninth day to extend its longest streak of gains since December 2012. The West African nation’s $500 million of Eurobonds due July 2023 advanced for the 11th day, pushing the yield down to the lowest since Dec. 8, as President Goodluck Jonathan conceded defeat, reducing the threat of post-election violence that marred previous votes.
“The political risk has certainly decreased,” Thabo Ncalo, a money manager at Stanlib Asset Management Ltd., which oversees about $45 billion and has been adding to its Nigerian holdings, said by phone from Johannesburg. “It bodes well for investing in Nigeria. It boosts the case for coming back into the country.

http://www.bloomberg.com/news/articles/2015-04-01/nigerian-bonds-jump-to-four-month-high-after-buhari-election-win



#GMB is delivery dividends of democracy already even before swearing in ceremony...