Presidency Links Strong Corporate Earnings to Tinubu’s Economic Reforms

The presidency says the Tinubu administration’s economic reforms are helping to drive stronger corporate earnings, particularly among companies listed on the Nigerian Exchange in the first half of 2026. It credited the unified exchange-rate system with improving price discovery and allowing firms with foreign-currency earnings, including Aradel Holdings and Seplat Energy, to reflect dollar revenues more accurately. It also cited approvals for major upstream oil-and-gas asset acquisitions as a boost to production capacity and investor confidence. The statement added that naira-for-crude payments, fuel-subsidy removal, improved foreign-exchange access, banking recapitalisation and tax reforms have supported local refining, manufacturing and long-term business planning. The presidency said these measures have contributed to higher revenues and profits across several major Nigerian companies.

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