Storyline
S&P Eyes Nigeria Market Upgrade
Timeline
- Mon, Jul 13LatestUnverified — not yet reviewed
NGX Meets FTSE Russell in London Over T+1 Settlement Dispute
The Nigerian Exchange Group has held direct meetings with FTSE Russell and international investors in London over concerns that Nigeria's T+1 settlement requirement is incompatible with foreign institutional trading operations. The dispute threatens Nigeria's potential inclusion in FTSE Russell indices and the foreign capital flows that would accompany it.
- Fri, Jul 10Unverified — not yet reviewed
Nigerian Equities Surpass South Korea to Lead Global Returns in Dollar Terms
Nigeria's equity market has surpassed South Korea to become the top-performing stock market globally in dollar terms. The milestone is a striking data point for foreign investors reassessing risk-return profiles of Nigerian assets following the S&P frontier market watchlist inclusion.
- Fri, Jul 10Unverified — not yet reviewed
S&P Watchlist Inclusion Validated as Nigeria's Capital Market Reforms Gain Recognition
Nigeria's NGX Group and the Securities and Exchange Commission have welcomed the S&P watchlist inclusion for potential frontier market reclassification as validation of the country's ongoing capital market reform agenda. The endorsement reinforces the signal for foreign investors assessing Nigerian asset exposure.
- Thu, Jul 9Unverified — not yet reviewed
S&P Places Nigeria on Watchlist for Potential Frontier Market Reclassification
S&P has placed Nigeria on a watchlist for potential frontier market reclassification, reflecting progress in capital market reform under the current administration. The designation is a material signal for foreign investors reassessing the risk-return profile of Nigerian assets.