Foreign investors shrug off Nigeria risks: Omar Hafeez, Head, Citigroup Nigeria

Worsening security in Nigeria has not deterred foreign investors from buying its assets, Citigroup’s country head said on Wednesday, citing $1.1 billion worth of Eurobonds it had traded for three local lenders so far this year.

But any spread of attacks further south or to the commercial hub of Lagos could start to put even established investors off, Omar Hafeez told Reuters in an interview.

Read more: Foreign investors shrug off Nigeria security risk – Citibank | Reuters.