Nigeria's Economic Renaissance: JP Morgan Reintegration, Dangote IPO, and Cooling Inflation

J.P. Morgan has officially included Nigeria in its new emerging markets index with a 7.4% weighting — the highest possible is 8% — marking a landmark return after 11 years of absence. The GBI-EM Edge index, tracking $330 billion in local-currency government debt across 26 frontier markets, is set to launch by end of September and will spotlight Nigerian government securities to global fixed-income investors hungry for high-yielding frontier debt.

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