Tag: doomsday prophecy

Reviewing HSBC’s prediction on Buhari’s re-election

In its report titled ‘Doomsday Prophecy’ HSBC Bank says Nigeria’s economic growth will be stunted if the country’s President Muhammadu Buhari is re-elected into office in 2019. In a counter response, Nigeria's Presidency accused HSBC of suspected involvement in the laundering of proceeds of corruption involving more than 50 other Nigerians. Chamberlain Peterside, Managing Director and Chief Executive Officer of Xcellon Capital Advisors joins CNBC Africa to analyse these and Nigeria's election risk.