• Lists feats to include unified forex market, removal of fuel subsidy, more stable macroeconomic environment, banking sector recapitalisation
Deji Elumoye in Abuja
The presidency, yesterday, linked the strong financial performance recorded by many companies listed on the Nigerian Exchange in the first half of 2026 to several key economic reforms implemented by President Bola Tinubu’s government since mid-2023.
It particularly listed the significant reforms to include the unification of the foreign exchange market.
Presidential spokesperson, Bayo Onanuga, in a release explained that by establishing a single, market-determined exchange rate, the reform improved price discovery and enabled companies with substantial foreign currency exposure to more accurately reflect the value of their dollar-denominated revenues in their financial statements.
