FTSE Russell reclassification, opportunity to deepen Nigeria’s market — NGX Group CEO
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At a glance
Press release
Official statement
New plan
- Nigeria’s return to FTSE Russell’s Frontier Market universe could help deepen its capital market and attract more international participation.
- NGX Group CEO Temi Popoola said the reclassification could mobilize more long-term capital for Nigerian businesses.
Nigeria’s return to FTSE Russell’s Frontier Market universe has been described by NGX Group Chief Executive Officer Temi Popoola as an opportunity to deepen the country’s capital market.
Popoola said the reclassification could broaden international participation and mobilize more long-term capital for Nigerian businesses. FTSE Russell confirmed Nigeria’s move from the Unclassified category to Frontier Market status.
About this summary
Originally published by Vanguard. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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