Investors’ confidence soars as Tinubu’s reforms add N643b to Nigerian markets

August 08, 2025

By Ayinde Adeleke

President Bola Ahmed Tinubu’s far-reaching economic reforms have triggered a N643 billion gain on the Nigerian Stock Exchange (NSE), signaling renewed investor confidence and strengthening momentum in the nation’s financial markets.

In a statement released via the Presidency’s official X handle, the market surge, recorded on Wednesday, reflects the positive impact of the administration’s policy decisions, including the removal of petrol and electricity subsidies and the unification of multiple exchange rates into a single, market-driven rate.

These measures, though initially challenging, have helped stabilise public finances, boost state revenues through FAAC, and attract both local and foreign investment.

Investor sentiment has also been lifted by the Central Bank of Nigeria’s recapitalisation directive to commercial banks, with leading institutions such as GTCO and Zenith Bank recording over N3.7 trillion in combined market value.

The Monetary Policy Rate, currently at 27.5 percent, has further enhanced the appeal of Nigerian equities and bonds to yield-seeking investors.

The statement noted that Tinubu’s reforms are reinforcing Nigeria’s macroeconomic fundamentals, with the country posting a $6.83 billion balance of payments surplus in 2024, reversing earlier deficits and strengthening foreign exchange inflows.

Credit: X | NGRPresident