Nigeria Returns to Global Markets: FTSE Russell Reinstates Frontier Status as Economy Pivots

FTSE Russell confirmed Nigeria's reclassification from Unclassified to Frontier Market status, effective from market open on September 21, 2026. The global index provider cited successful engagement with Nigerian market authorities and the smooth implementation of the T+1 settlement cycle as key factors. NGX Group CEO Temi Popoola called it "an important moment for Nigeria's capital market" but stressed the real prize is converting visibility into deeper liquidity and...