MACRO | Nigeria : New Administration - Tough policies may excite markets

    : On May 29, 2023, Nigeria witnessed the inauguration of President Bola Ahmed Tinubu as the 16th President of the Federal Republic of Nigeria. The inauguration came on the heels of the President's victory in the February 2023 election, which was tagged as the most keenly contested in Nigeria.

    The President identified improvement in security and safety as a primary goal. The administration plans security-related investments in personnel, training, equipment, pay, and firepower.

     

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    CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
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