FTSE Russell reclassification, opportunity to deepen Nigeria’s market — NGX Group CEO

Author: Urowayino JeremiahPublished on: August 31, 2026Country: Nigeria

Business & Economy

FTSE Russell reclassification, opportunity to deepen Nigeria’s market — NGX Group CEO

FTSE Russell's reclassification of Nigeria to Frontier Market status, effective from September 21, 2026, presents an opportunity to strengthen the country's capital market. Temi Popoola, CEO of NGX Group, emphasized the importance of this decision in attracting increased international participation and mobilizing more long-term capital for Nigerian businesses. This reclassification follows improvements in foreign exchange liquidity and market accessibility.

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