J.P. Morgan returns Nigeria to bond index after 11 years

Nigeria is set to attract fresh foreign capital into its domestic debt market following J.P. Morgan's decision to return Federal Government of Nigeria bonds to its bond index. This inclusion marks Nigeria's return to a J.P. Morgan benchmark for the first time in over a decade, attributed to recent reforms, including the stabilization of the naira. With a 7.40% weighting, Nigeria ranks among the highest-weighted countries in the GBI-EM Edge index.