The record gains across Nigeria’s major financial markets – majorly foreign exchange (FX) and stocks, is cooling off as investors watch the progress of implementation of some of President Bola Tinubu’s pro-market policies.
Tinubu has been warming himself to investors after wasting no time in announcing an end to Nigeria’s costly fuel subsidy regime and unveiling plans to adopt a single exchange rate. The president had in his inaugural speech on May 29 noted that the nation’s monetary policy needs a thorough house cleaning.
