{
  "id": 7463473,
  "title": "11 Years After, Nigeria Returns to JP Morgan’s Global Bond Index",
  "url": "https://urgent.news/2026/09/15/11-years-after-nigeria-returns-to-jp-morgans-global-bond-index",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T03:49:07.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/15/11-years-after-nigeria-returns-to-jp-morgans-global-bond-index/"
  },
  "original_language": "en",
  "account": "JP Morgan has reinstated Nigeria's bonds into its Global Bond Index – Emerging Markets Edge (GBI-EM Edge), a benchmark that covers 26 markets. The country's bonds now carry a 7.4% weighting, one of the highest allocations among participating nations. This marks the first time Nigeria has been part of the index since 2015, when it was forced out due to a foreign exchange liquidity squeeze.\n\nThe inclusion reflects the growing investor confidence in Nigeria's economic reforms, particularly the stabilization of the naira, clearance of foreign exchange backlog, stronger GDP growth, and easing inflation. Nigeria's bonds were first included in the J.P. Morgan GBI-EM in 2012 and attracted substantial foreign investment during that period.\n\nThe new index, launched days before FTSE Russell upgraded Nigeria from an unclassified to a Frontier market status, tracks $328 billion worth of local-currency government debt across 425 instruments in 26 markets and 24 currencies. The average yield to maturity of the Nigerian bonds included in the index is 17.1%, with an average duration of 3.38 years.\n\nThe Federal Ministry of Finance welcomed the development, stating that Nigeria's inclusion is a reflection of growing investor confidence in the country's economic reforms. The ministry expects the inclusion to attract about $17.5 billion into Nigeria's debt market and lower bond yields by up to 200 basis points.",
  "summary": "• New index covers 26 markets, with Nigeria attracting 7.4% weighting •FG: inclusion reflects growing investor confidence in current reforms Ndubuisi Francis in Abuja and Nume Ekeghe in Lagos Leading",
  "key_points": [
    "JP Morgan reinstates Nigeria's bonds into GBI-EM Edge index after 11 years.",
    "Nigeria's bonds now carry 7.4% weighting in the index, highest among participants.",
    "Inclusion reflects investor confidence in Nigeria's economic reforms."
  ],
  "editors_take": "Nigeria's reinstatement in JP Morgan's Global Bond Index signals growing investor confidence in its economic reforms, likely to attract substantial foreign investment and lower bond yields.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}