“That Market Is Totally Sorted” – Elumelu Hails FX Stability After Meeting Tinubu
Gossip • 9h ago
Chairman of Heirs Holdings, Tony Elumelu, has declared that Nigeria’s foreign exchange market has seen notable improvement, crediting recent economic reforms for restoring stability and predictability.
Elumelu made the remarks after a closed-door meeting with Bola Ahmed Tinubu at the State House in Abuja.
“FX Is No Longer the Headache It Used to Be”
According to Elumelu, access to foreign exchange — once a dominant concern within the banking and business community — is no longer the pressing issue it used to be.
“There was a time before, if I got 10 calls on banking issues, seven of those calls were about how to access foreign exchange. Today, if you get 10 calls on banking issues, not even one is on FX. That market is totally sorted.”
He described the shift as evidence of renewed cla...