{"id":9036,"date":"2026-07-15T18:29:20","date_gmt":"2026-07-15T18:29:20","guid":{"rendered":"https:\/\/ograsset.com\/?p=9036"},"modified":"2026-07-15T18:29:25","modified_gmt":"2026-07-15T18:29:25","slug":"stockbrokers-hail-nigerias-return-to-sp-frontier-watchlist","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/07\/15\/stockbrokers-hail-nigerias-return-to-sp-frontier-watchlist\/","title":{"rendered":"Stockbrokers hail Nigeria\u2019s return to S&P Frontier Watchlist"},"content":{"rendered":"\n
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Stockbrokers hail Nigeria\u2019s return to S&P Frontier Watchlist<\/strong><\/p>\n\n\n\n

The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of<\/p>\n\n\n\n

Nigeria have welcomed the decision of S&P Dow Jones Indices to place Nigeria on its 2027<\/p>\n\n\n\n

Watchlist for potential reclassification from a Standalone Market to a Frontier Market.<\/p>\n\n\n\n

This was contained in a joint position paper released on Tuesday, jointly signed by the President of the CIS, Fiona Ahimie, and the Chairman of ASHON, Sehinde Adenagbe.<\/p>\n\n\n\n

In the statement, the two premier market bodies described the development as a \u201csignificant endorsement of the far-reaching reforms undertaken within the Nigerian capital market\u201d and noted that it \u201cunderscores the growing confidence of the international investment community in the country\u2019s evolving market architecture.\u201d<\/p>\n\n\n\n

According to the market operators, S&P DJI\u2019s decision reflects \u201cincreasing recognition of the sustained efforts of market regulators, infrastructure providers, dealing members, and other key stakeholders to strengthen market integrity, enhance operational efficiency, deepen liquidity, and align Nigeria\u2019s capital market with internationally accepted standards and global best practices.\u201d<\/p>\n\n\n\n

They added that the step \u201caffirms the effectiveness of ongoing initiatives aimed at improving market accessibility, transparency, investor protection, and overall competitiveness, thereby positioning Nigeria as an increasingly attractive destination for both domestic and foreign portfolio investment.\u201d<\/p>\n\n\n\n

In its latest Country Classification Review, S&P DJI noted that the \u201cNigerian regulatory environment has modernised to improve transparency, enforcement, and market integrity.\u201d<\/p>\n\n\n\n

However,  the  index  provider  added  that  \u201cconsistency in  policy application  and  operational resilience are required for reclassification,\u201d prompting the decision to monitor developments closely through 2026.<\/p>\n\n\n\n

Reacting to this, the CIS and ASHON observed that the assessment \u201cdemonstrates that Nigeria\u2019s reforms  are  being  positively acknowledged  while  also  identifying  areas  requiring  sustained implementation before a final reclassification decision is made.\u201d<\/p>\n\n\n\n

The bodies also addressed the contrasting perspective from FTSE Russell, which recently deferred<\/p>\n\n\n\n

Nigeria\u2019s reclassification over concerns that foreign investors are required to prefund transactions.<\/p>\n\n\n\n

The CIS and ASHON clarified that the successful implementation of the T+1 Settlement Cycle<\/p>\n\n\n\n

has not altered the market\u2019s fundamental Delivery versus Payment framework.<\/p>\n\n\n\n

They said, \u201cUnder the DvP principle, the transfer of securities and the corresponding payment<\/p>\n\n\n\n

occur simultaneously at settlement, thereby mitigating principal risk and eliminating the need for<\/p>\n\n\n\n

investors to make advance payments before settlement. Consequently, foreign portfolio investors<\/p>\n\n\n\n

are not required to prefund their transactions.\u201d<\/p>\n\n\n\n

To better accommodate global players, they noted that the \u201csettlement cut-off time has been revised from 8:00am to 5:00pm. to better accommodate cross-border investors and facilitate their more effective participation in the Nigerian capital market.\u201d<\/p>\n\n\n\n

While celebrating the milestone, the association heads urged local stakeholders to keep pushing forward, cautioning that \u201cthe placement of Nigeria on the Watchlist should not be viewed as the destination but as an important milestone on the journey towards securing full Frontier Market status.\u201d<\/p>\n\n\n\n

They concluded, \u201cThe CIS and ASHON remain optimistic that, with sustained reforms, policy consistency, operational excellence, and continued collaboration among all stakeholders, Nigeria will successfully attain Frontier Market classification in due course and aim for the next classification.\u201d<\/p>\n\n\n\n

Source: <\/em>https:\/\/punchng.com\/stockbrokers-hail-nigerias-return-to-sp-frontier-watchlist\/<\/a><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Stockbrokers hail Nigeria\u2019s return to S&P Frontier Watchlist The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have welcomed the decision of S&P Dow Jones Indices to place Nigeria on its 2027 Watchlist for potential reclassification from a Standalone Market to a Frontier Market. This was contained in a joint… <\/p>\n

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