What FTSE Russell’s Decision Means for Investors, Nigeria
FTSE Russell, a global index provider behind many of the world’s investment benchmarks, on Thursday announced that from the opening of trading on September 21, 2026, it will restore Nigeria
FTSE Russell, a leading global index provider, announced on Thursday that Nigeria will be reinstated into its Frontier Market classification starting September 21, 2026. This decision follows Nigeria's upgrading of its outlook from 'stable' to 'positive' by Moody's Ratings, citing improved external position and strong economic growth.
The reclassification is expected to end Nigeria's three-year stint as an 'Unclassified' market, which limited access to forex and delayed fund repatriations, making it off the radar of many institutional investors. Nigeria's exit from the Financial Action Task Force grey list in October 2025 and the EU's Anti-Money Laundering and Countering Financing of Terrorism list in January 2026 also played a role in its reclassification.
This move opens the door for global funds tracking FTSE's Frontier Market Index and could attract significant foreign capital, expanding the country's financial market.
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