3 weeks ago
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Nigeria’s economical and marketplace reforms person gained planetary momentum, arsenic FTSE Russell announced the country’s inclusion connected its Watch List for imaginable reclassification from Unclassified to Frontier Market status.
The announcement, published successful the FTSE Equity Country Classification Annual Review 2025, follows confirmation from marketplace participants that the overseas speech backlogs and superior repatriation delays which led to Nigeria’s downgrade successful 2023 person been cleared since aboriginal 2025.
FTSE Russell noted that Nigeria present meets the 5 Quality of Markets criteria required for Frontier Market classification. As portion of its ongoing reappraisal process, further appraisal is scheduled for March 2026.
Market analysts person attributed the advancement to wide-ranging fiscal and monetary argumentation adjustments, including reforms successful the overseas speech market, rationalisation of substance subsidies, and measures to amended concern ease. These steps and stronger coordination among fiscal marketplace regulators person enhanced transparency, boosted liquidity, and renewed assurance among section and planetary investors.
Speaking connected the development, radical managing director/chief enforcement serviceman of Nigerian Exchange Group (NGX Group), Temi Popoola said: “Nigeria’s inclusion connected the FTSE Russell Watch List is much than recognition; it is simply a reaffirmation that argumentation consistency, transparency, and collaboration work. The caller reforms successful the overseas speech market, fiscal policy, and easiness of doing concern person collectively helped reconstruct capitalist assurance and code cardinal structural constraints.
“At NGX Group, we person ever viewed specified advancement arsenic a springboard for deeper superior marketplace evolution. Our absorption remains connected sustaining liquidity, expanding listings, and leveraging exertion and sustainability to heighten the prime of capitalist participation, ensuring that Nigeria’s marketplace spot becomes some disposable and investable connected the planetary stage.”
Observers person besides commended the coordinated efforts of the Securities and Exchange Commission (SEC), the Central Bank of Nigeria (CBN), and NGX Group to fortify the wide marketplace ecosystem and align home practices with planetary standards.
The FTSE Watch List highlights markets nether progressive reappraisal for imaginable reclassification, offering investors transparency and the accidental for engagement up of immoderate imaginable changes successful scale status. Nigeria’s inclusion represents a cardinal measurement toward restoring its presumption wrong planetary equity benchmarks and attracting semipermanent superior inflows.
NGX Group has reaffirmed its committedness to collaborating with FTSE Russell, marketplace regulators, and different stakeholders to prolong the betterment momentum and presumption Nigeria for a palmy reclassification result astatine the March 2026 review.
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