Global index provider FTSE Russell has placed its planned reclassification of Nigeria back to Frontier Market status under “further review.”
- +FTSE Russell stops Nigeria’s Frontier Market upgrade on T+1 shift
Nigeria was upgraded from “Unclassified” back to “Frontier Market” status during the March 2026 interim review—with an effective implementation date set for September 2026.
Sade Ogunleye
Nigeria was upgraded from “Unclassified” back to “Frontier Market” status during the March 2026 interim review—with an effective implementation date set for September 2026.
FTSE Russell noted this on Tuesday, saying that the decision is to allow the index provider to thoroughly assess how Nigeria’s recent transition to a shortened T+1 settlement cycle (clearing and settling trades one business day after execution) affects international institutional investors.
FTSE Russell said it will provide a definitive update on Nigeria’s potential return to the Frontier Market index by the end of August 2026.
