July 15 (Lagos) - Trading at the Nigerian exchange will resume after the public holiday of June 15 to mark the death of ex-President General Buhari in London, U.K. He was 82 years old.
The public holiday was announced on Monday July 14 2025 for a day of 'mourning'.
President Buhari ruled Nigeria in the early 1980's as a military General and later as a democratically elected President from 2015 to 2023. His time as President was controversial during both the tenures as he was ousted in a coup during his 80's reign as the economy of the Country took a severe beating along with the Nigerian currency at that time.
The second tenure was also marked with similar outcomes. Slaughter of Nigerians in the middle belt region by the so called "fulani herdsmen" became a normal occurrence. Nigerian economy saw steep decline with failed policies like banning 41 key items from importation. Government also focused on agriculture but the results are yet to be seen as the new government came in and reversed key policies regarding importation of foodstuffs like rice in to the country to bring down prices and inflation.
Nigeria's foreign reserves were eroded to a point where Nigerians could not even withdraw $100 Dollars a month from their ATM debit cards while travelling outside the Country. The Central Bank of Nigeria ran multiple exchange rates where their "friends" could allegedly access Dollars at a lower rate while normal public had to buy from the streets. The CBN Governor was arrested by the new Government in 2023.
While the list of grievances is too long to write as this is meant to be an obituary article, this is where we will end them.
General Buhari was known as a strongman, was known for his no-nonsense attitude and did have a sense of humor. Once he said women belonged in the kitchen and 'da oza room" and had people in splits. He definitely has his moments.
REST IN PEACE TO GENERAL BUHARI.