FTSE reclassification: Nigeria is investable again—The test now is consistency

By any conventional metric, Nigeria’s return to frontier market status in the equity classification framework of FTSE Russell is a welcome development. Effective September 21, 2026, the reclassification signals a restoration of minimum investability standards after a bruising three-year stint in the “unclassified” wilderness—a period in which foreign investors were effectively locked out by prolonged […]

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