Tinubu, in his inaugural speech, said on Monday that the former administration did not capture fuel subsidy in the 2023 budget and he would ensure a unified exchange rate as part of measures to boost the Nigerian economy.
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Brent crude futures rose to settle at $68.65 a barrel.
Consequently, the All-Share Index appreciated marginally by 2.57 points or 0.01 per cent to close at 25,673.80 against 25,671.23 achieved on Tuesday
Uwalake who reacted to the current double digit inflation to the capital market told the News Agency of Nigeria on Monday in Abuja, that the shrinking growth of the market was not good for investors
Nigeria’s main stock index returned 44 per cent in dollar terms in 2013, thanks to a stable naira currency, making it one of the best performing African equity markets