Latest stories tagged “FTSE Russell”
Sola Oni argues that the decision by FTSE Russell to reclassify Nigeria from 'Unclassified' to a different category is flawed, suggesting that markets should not be evaluated solely based on their appeal to foreign capital. This perspective highlights concerns about the implications of such classifications on the Nigerian market.
Nigeria's efforts to regain its Frontier Market status have encountered a new challenge as FTSE Russell, a global index provider, has postponed the process. This delay represents an unexpected setback for the country in its pursuit of re-entering the global financial index, according to Tribune Online.
In June, the Nigerian stock market experienced significant losses, with investors losing N13.3 trillion in value on the Nigerian Exchange Limited (NGX), marking the highest monthly loss recorded in the first half of the year. This decline is attributed to profit-taking activities among investors. Additionally, FTSE Russell has delayed Nigeria's Frontier Market status due to concerns regarding the T+1 settlement system, according to Vanguard Business.
Nigeria's efforts to regain its Frontier Market status have encountered a new challenge as FTSE Russell, a global index provider, has postponed the process. This delay represents an unexpected setback for the country in its pursuit of re-entering the global financial index, according to Tribune Online.