Spread the loveBy Dennis OkechukwuPresident Bola Tinubu’s administration has attributed the strong financial performance posted by many companies listed on the Nigerian Exchange (NGX) in the first half of 2026 to the government’s sweeping economic reforms introduced since mid-2023. According to the Presidency, the reforms strengthened investor confidence, accelerated indigenous participation in the petroleum industry and positioned the companies for higher production, increased revenues and stronger earnings before tax. Manufacturing firms, including Dangote Cement, BUA Cement and HBM, formerly Lafarge Africa, were also said to have benefited from improved foreign exchange availability, enabling more efficient procurement of imported inputs, stronger supply chain planning and increased production. The Presidency maintained that the removal of fuel subsidy improved the country’s fiscal position by creating more resources for infrastructure investment, enhancing revenue mobilisation and reinforcing macroeconomic stability. It added that tighter monetary management, exchange rate stability, moderating inflation, improved liquidity, banking sector recapitalisation and ongoing tax reforms have further strengthened investor confidence and improved the operating environment for businesses.