Hope for upstream as Buhari wins in Nigeria

摘要

The reaction from the Nigerian oil industry to the election of former military ruler Muhammadu Buhari has been overwhelmingly positive, with hopes for a new battle against corruption and even once-feared militant group MEND welcoming the result. Both the stock market and the Nigerian Naira rebounded on the election result and so far there has been little violence in the Niger Delta. This has allayed fears of a new outbreak of fighting as Buhari is a Muslim from the North.