Global index provider, FTSE Russell, says Nigeria’s ongoing foreign exchange problem is a key motivator behind the downgrade of Nigerian Stock Exchange from ‘Frontline’ to “Unclassified Market”, erasing the gains of the prior week. The reclassification, set to take effect on September 18, 2023, prompted immediate selloffs that drove the All-Share Index down by 1.24 per cent to close at Read More
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