FTSE Russell has confirmed, in a market notice published on Thursday, 27 August 2026, that Nigeria's reclassification from Unclassified to Frontier Market status will proceed effective from the open of trading on 21 September 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 NGX Group has stated that this confirmation opens a new chapter for Nigeria's capital market, as it is expected to attract increased foreign investment and enhance market visibility. The reclassification is seen as a positive development for the Nigerian Exchange and its listed companies.
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