In a significant nod to Africa’s most populous economy, S&P Dow Jones Indices (S&P DJI) has officially placed Nigeria on its 2027 watchlist for a potential upgrade from "Standalone" to Frontier Market status.
This development from S&P DJI comes on the heels of FTSE Russell recent suspension of Nigeria’s upgrade to Frontier Market on concerns about T+1 settlement cycle.
S&P DJI said its decision follows a series of modernising regulatory reforms aimed at boosting market transparency, tightening enforcement, and enhancing ov
