FX unification, upstream approvals boost NGX firms – Presidency

He added that “banking sector recapitalisation has strengthened the financial system’s capacity to support large-scale corporate financing”, while “ongoing tax reforms aimed at simplifying administration and broadening the revenue base have improved the overall business climate and reduced structural inefficiencies”, Summing up the administration’s position, the presidential aide said: “Taken together, these reforms have enhanced the operating environment for capital-intensive and export-oriented firms by improving market efficiency, strengthening macroeconomic stability, increasing investor confidence, and facilitating more efficient capital allocation”.–Says policy changes improved investor confidence, business environment By Johnbosco Agbakwuru ABUJA— THE Presidency said on Wednesday that the robust first-half 2026 earnings reported by many companies on the Nigerian Exchange (NGX) reflect the economic reforms President Bola Tinubu’s administration implemented after taking office in 2023.

IAccording to him, the robust first-half 2026 financial results posted by many companies on the Nigerian Exchange reflect several major economic reforms introduced by President Bola Ahmed Tinubu’s administration since mid-2023.