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Nairaland Forum / Nairaland / General / Politics / Barclays Cuts Nigeria From EM Local Bond Index (384 Views)
Budget Funding: FG Set To Borrow Another N110bn Via Local Bond Issue / FG Responds To JP Morgan Delisting Of Nigeria From Bond Index / ECONOMIC DISASTER!! Nigeria Kicked Out Of Bond Index (2) (3) (4)
Barclays Cuts Nigeria From EM Local Bond Index by Tofax: 9:01am On Nov 10, 2015 |
VIENNA, Nov 9 (Reuters) - Barclays will remove Nigeria's sovereign debt from its emerging markets local currency government bond benchmark, the bank said on Monday. "Nigeria will be removed from the flagship Emerging Markets Local Currency Government Index as of February 1, 2016," the bank said in a statement, adding that the debt would continue to be eligible for its broader Emerging Markets Local Currency Government Universal Index. Africa's largest economy has taken a hammering from the steep drop in oil prices since mid-2014. The move by Barclays is adding to Nigeria's list of financial woes after rival index provider JP Morgan announced in September it would drop Nigeria from its index, citing a lack of liquidity and currency restrictions. Barclays also said that Russia and Argentina would become eligible for its Emerging Markets Government Inflation-Linked Bond (EMGILB) Index as of Feb 1, 2016. (Reporting by Karin Strohecker; editing by Sujata Rao) http://uk.mobile.reuters.com/article/idUKL9N0Z501E20151109?irpc=932 |
Re: Barclays Cuts Nigeria From EM Local Bond Index by Okeycima: 9:05am On Nov 10, 2015 |
And it came crashing down....well in other news there has been a rumour that a govt worker parted with our state's 5bn...i weep for Naija |
Re: Barclays Cuts Nigeria From EM Local Bond Index by ZKOSOSO(m): 9:10am On Nov 10, 2015 |
,,,,,and the journey of Buhari body language continues,,,, Shame! |
Re: Barclays Cuts Nigeria From EM Local Bond Index by loomer: 9:15am On Nov 10, 2015 |
A finished nation. |
Re: Barclays Cuts Nigeria From EM Local Bond Index by Tunami(m): 9:24am On Nov 10, 2015 |
ok |
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