Temi Popoola, Group Managing Director and CEO of NGX Group, said Nigeria's return to FTSE Russell's Frontier Market universe is an opportunity to deepen the capital market and attract international investors. FTSE Russell confirmed that Nigeria's reclassification from Unclassified to Frontier Market will take effect on September 21, 2026. The decision followed an assessment of Nigeria's transition to a T+1 settlement cycle, which had raised concerns about prefunding requirements for international investors. FTSE Russell concluded that the change poses no material settlement or operational issues.
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