Nigeria Is Back in the FTSE Frontier Index, Three Years On
FTSE Russell will restore Nigeria to its frontier indices on 21 September, after judging that the settlement cycle now works for foreign money. The post Nigeria Is Back in the FTSE Frontier Index, Three Years On appeared first on The Rio Times .
Nigeria rejoins the FTSE Frontier Index three years after being removed. On 27 August, FTSE Russell announced the move, which will take effect at the market open on 21 September 2026. The change was reviewed by the FTSE Equity Country Classification Advisory Committee and approved by the FTSE Russell Index Governance Board. The decision was based on Nigeria adopting a one-day settlement cycle (T+1) on 1 June 2026, removing operational and funding issues.
Foreign portfolio investors are not required to prefund trades, making the market more accessible. While the exact impact of the inclusion on passive money inflows remains unknown, analysts estimate it could range from $840 million to $1.04 billion. The Chartered Institute of Stockbrokers views the decision as a catalyst rather than a cure-all. S&P Dow Jones Indices has placed Nigeria on a watch list for a potential second upgrade in 2027.
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