Topics
Startups & funding AI & Automation Policies & regulations Crypto & Web3 Energy & Technology Career & Workplace Business & Economy
Filters
1158
456
234
167
156
78
43
38
37
35
33
28
28
26
23
22
21
19
19
16
16
16
16
12
11
11
11
11
11
10
10
9
8
7
7
6
6
6
6
5
5
5
5
5
4
4
4
4
3
3
3
3
3
3
3
3
3
3
3
3
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
0
0
0
0
602
575
395
391
315
304
189
128
127
125
122
120
97
82
77
69
57
48
10
1
1
1
Article

FTSE Russell restores Nigeria to Frontier Market status, adding ten major local companies to its index.

Business Post Sep 4, 2026
Read the original Article page

TL;DR

FTSE Russell has designated 10 Nigerian companies, including Dangote Cement and MTN Nigeria, as newly eligible constituents for its Frontier Index Series.

The reclassification from "Unclassified" to "Frontier Market" status will take effect at the opening of trading on September 21, 2026.

Intelligence

Nigeria was downgraded to unclassified status in September 2023 due to foreign-exchange liquidity challenges and capital repatriation difficulties.

The market return follows infrastructure improvements, including a transition to a T+1 settlement cycle in June 2026.

This reclassification signals a cautious return of global institutional confidence in Nigeria's capital market infrastructure.

Large-cap equities like Dangote Cement and MTN Nigeria are highly likely to experience increased foreign portfolio inflows starting in late 2026 as index-tracking funds rebalance their portfolios.

However, the long-term retention of this capital will depend on whether local authorities can maintain stable foreign exchange liquidity and easy repatriation of funds over the next two to three years.

Funding extracted from this article

0

No funding rounds were extracted from this article.

Regulatory activity extracted

2
FTSE Russell Policy change
Nigerian capital-market infrastructure Policy change

Tenders extracted

0

No tenders were extracted from this article.

Further reading

More on the companies named in this article.

Companies named

13

People named

2

Elsewhere on these companies

Other recorded activity involving the same companies.