CardinalStone’s mid-year outlook paints a bullish picture of Nigeria’s investment landscape, raising its local to global portfolio allocation from 65:35 to 70:30. This renewed confidence reflects the growing resilience and opportunities in Nigeria, qualities that many global markets currently lack.
Several key indicators are driving this optimism:
30% of investments are now going into fixed income instruments
Inflation is falling, signaling macroeconomic stability
Interest rate cuts are on the horizon, increasing liquidity potential
The naira has achieved relative exchange rate stability
Nigeria’s equities market is becoming increasingly attractive
FX operations have become more transparent
The Business Confidence Index rose to 113.6 points in June 2026, up from 109.8 in May 2025
At the core of this transformation is President Bola Ahmed Tinubu’s bold economic reform agenda. His decision to float the naira and unify exchange rates was a game changing move that increased trust and transparency in Nigeria’s monetary system. Today, foreign investors can repatriate profits with greater ease and confidence.
Meanwhile, government backed treasury bills and bonds now yield between 20% and 30%, some of the most attractive returns globally. This robust performance is drawing significant capital inflows and affirming the credibility of Nigeria’s financial system.
Equally important are the fiscal reforms: removal of fuel subsidies and the aggressive clampdown on leakages in government spending. These measures demonstrate a clear departure from short term populist policies in favour of long term economic sustainability.
Large scale projects like the Dangote Refinery, expansion of Compressed Natural Gas (CNG) infrastructure, and economic diversification efforts are further evidence that Nigeria is committed to building a stronger, more self sufficient future.
As a result, Nigeria is once again emerging as the top investment destination in Africa. With a clear, consistent, and investor friendly policy environment, the Tinubu administration is charting a stable and strategic path for sustained economic growth.
