Africa’s Giant Raises Hopes of Fresh Start

Nigeria’s new president, Bola Tinubu, has delighted investors with decisions he’s taken in just two weeks in office. The question now is whether he can stay the course.

So far he’s abolished a costly fuel subsidy, suspended the contentious central bank governor and signaled that an exchange rate policy overhaul is imminent. The stock market has soared to a 15-year high on optimism he has the mettle to implement the difficult political decisions needed to turn Africa’s largest economy around.