Nigeria Pursues Emerging Market Status Following FTSE Index Upgrade
The Nigerian government is actively pursuing formal emerging market designation after the FTSE Group upgraded the country to its Emerging index. Financial stakeholders and market participants have welcomed the development, crediting sustained capital market reforms implemented by federal authorities.
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FG eyes emerging market status after FTSE upgrade
The Federal Government has set its sights on advancing Nigeria’s capital market to Emerging Market status following confirmation from global index provider FTSE Russell that the nation’s market will be officially reclassified to Frontier Market status from Monday, 21 September 2026. The reclassification marks Nigeria’s formal return to the global Frontier Market index nearly three Read More: https://punchng.com/fg-eyes-emerging-market-status-after-ftse-upgrade/
By Punch Newspapers
Read full article →FTSE Russell reclassification, opportunity to deepen Nigeria’s market — NGX Group CEO
The confirmation of Nigeria’s return to FTSE Russell’s Frontier Market universe creates an opportunity to deepen the country’s capital market, broaden international participation and mobilise more long-term capital for Nigerian businesses, Temi Popoola, Group Managing Director/Chief Executive Officer of NGX Group, has said. FTSE Russell has confirmed that Nigeria’s reclassification from Unclassified to Frontier Market […] The post FTSE Russell reclassification, opportunity to deepen Nigeria’s...
By Urowayino Jeremiah
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