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In eight months of Tinubu administration, Nigeria's stock market leads the world

The prosperity promised by President Bola Tinubu during the campaign is becoming a reality, for millions of Nigerian investors.

In eight months of Tinubu administration , Nigeria's stock market leads the world

The Nigerian economy is looking good in some sectors. This is not a harebrained assessment, despite the high inflation and the unstable exchange rate of the Naira. Those who doubt this don’t need to look far, for a reality check. The economic boom is happening at the Nigerian Exchange, where stockholders are not only recording…

In eight months of Tinubu administration, Nigeria's stock market leads the world by Bayo Onanuga

In eight months of Tinubu administration, Nigeria's stock market leads the world

In eight months of Tinubu administration, Nigeria's stock market leads the world, by Bayo Onanuga

 The upswing in the market began 30 May 2023, the second day Tinubu was sworn into office. What triggered the big rally in the market was the announcement by the new President of the end of the fraudulent petrol subsidy regime. The market took notice of this bold measure, along with the President’s promise to harmonise the exchange rate. Although the latter remains ‘work-in-progress’, it has been a bullish run in the market since then.