By Ayorinde Oluokun
The presidency has explained how several key economic reforms implemented by President Bola Ahmed Tinubu’s Administration since mid-2023 are driving strong performance being recorded across Nigeria’s corporate sector.
This, according to the presidency include the strong financial performance recorded by many of the companies listed on the Nigerian Exchange in the first half of 2026.
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Tinubu had on assumption of office in May 2023 introduced key economic reform, the two prominent of which are the removal of fuel subsidy and unification of foreign exchange.
The presidency, in the statement signed by presidential spokesperson, Bayo Onanuga on Wednesday said the unification of the foreign exchange has been pivotal in the strong performance of corporate organisations operating in different sector of the economy.
“By establishing a single, market-determined exchange rate, the reform improved price discovery and enabled companies with substantial foreign currency exposure to more
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