Nigeria bonds rise after Buhari presidential election win

Nigeria’s dollar-denominated government bonds rose to 5-7 month highs on Wednesday after President Muhammadu Buhari won a second term at the helm of Africa’s largest economy and top oil producer.

The country’s longer-dated bonds were up as much as 0.8 cents in the dollar to extend a more than 10 cents rally since the start of the year. (Reuters/NAN)