FTSE Russell Restores Nigeria to Frontier Market Status After Three-Year Exit
• Reclassification takes effect from opening of trading on Sept 21, 2026 •City Boy Movement describes re-entry as measurable evidence of economic progress, commends CBN, SEC for investor confidence gains
On September 21, 2026, the global investment index provider FTSE Russell is set to restore Nigeria to its Frontier Market status, ending a three-year absence from the classification. This marks a significant milestone in the country's economic progress. Deji Elumoye, Minister of Finance, reported that the Nigerian economy is expected to exceed 4% growth by the end of the year.
The move follows the clearing of Foreign Exchange liquidity issues and improved investor confidence. City Boy Movement, a youth advocacy group, welcomed the reclassification as evidence of economic progress and applauded the Central Bank of Nigeria and the Securities and Exchange Commission for their efforts in rebuilding investor confidence.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
