Presidency reacts as NGX-listed Nigerian firms record N14.40tn revenue

President Bola Ahmed Tinubu’s presidency has reacted aft 10 blue-chip firms listed connected the Nigerian Exchange, NGX recorded a combined gross of N14.40 trillion successful the archetypal 4th of 2026.

In a connection issued connected Wednesday by the President’s spokesperson, Bayo Onanuga, the Tinubu medication attributed the gains to its economical reforms.

DAILY POST reports that the 10 firms, including MTN Nigeria, Dangote Cement, Seplat Energy, Aradel Holdings, BUA Cement and others, recorded a combined nett aft taxation of N4.99 trillion successful the archetypal 4th of 2026.

Reacting, the presidency said the beardown fiscal show recorded by galore companies listed connected the Nigerian Exchange successful the archetypal fractional of 2026 was attributable to respective cardinal economical reforms implemented by the Tinubu medication since 2023.

The presidency noted that its overseas speech marketplace reforms introduced successful 2023 had positively impacted the country’s banal market.

“One of these important reforms was the unification of the overseas speech market.

“By establishing a single, market-determined speech rate, the betterment improved terms find and enabled companies with important overseas currency vulnerability to much accurately bespeak the worth of their dollar-denominated revenues successful their fiscal statements.

“This has...