NGX Group Welcomes FTSE Russell’s Confirmation of Nigeria’s Reclassification to Frontier Market Status

FTSE Russell has confirmed that Nigeria's reclassification from Unclassified to Frontier Market status will proceed effective from the open of trading on September 21, 2026. The decision marks Nigeria's return to the global Frontier Market universe and represents an important milestone for the country's capital market. The announcement follows a process that began in October 2025, when FTSE Russell placed Nigeria on its Watch List for potential reclassification, following improvements in foreign exchange liquidity, capital repatriation, and market accessibility. In April 2026, FTSE Russell announced Nigeria's return to Frontier Market status, with an effective date of September 21, 2026.

Read More