Quote Originally Posted by Valuegrowth View Post
https://nairametrics.com/2023/10/02/...th-29-52-gain/
Yea, local and International investors like Tinubu's decisive reforms. $-denominated Eurobonds were up 3%, but local banking index was up 23% to a 20-year high when he suspended CBN Governor Emefiele.

Investment banking giant Morgan Stanley is bullish on Tinubu, as he is is often credited with increasing Lagos’s internally generated revenue from $3.77 million pm at his inauguration in 1999 to an average of $32 milllion per month in 2006 on the eve of his exit. So, almost 9x in about 7 years.

Tinubu may expand the GDP 6% pa given his track record in Lagos. By unifying multiple FX rates, he is already trying to lift investment barriers and courting foreign investment again, eg., EU to invest in building a pipeline to connect EU to Nigeria’s gas.