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Nigeria is back in frontier markets – will foreign money follow?

Crowded market in Nigeria. Photo by David Iloba @ Pexels
Crowded market in Nigeria. Photo by David Iloba @ Pexels
  • Nigeria regains FTSE frontier market status
  • Foreign inflows could exceed $1bn

 

LAGOS, NIGERIANigeria’s stock market is set for renewed foreign investor attention after FTSE Russell restored its frontier market status, reversing a 2023 downgrade driven by currency and repatriation constraints.

The reclassification, announced on April 7 and effective from 21 September 2026, marks a significant shift in how global investors may once again engage with Africa’s largest economy.

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