₦airaland Forum

Image123:
It's a very big deal for our economy, Nigeria is on the rise.

FTSE Russell, MSCI and S&P Dow Jones Indices classify equity markets for international investors. Their three familiar tiers are:
1. Developed Market
2. Emerging Market
3. Frontier Market
There is also a fourth category used when a market cannot appropriately sit in those investable universes: Standalone / Unclassified, depending on the provider.

For Nigeria,
1980s → Developing economy / small capital market
↓
1990s → Emerging/frontier-type market developing
↓
2000s → Frontier market
↓
2010s → Strong frontier-market position, with hopes of emerging-market promotion
↓
2020–23 → Serious deterioration in international market accessibility
↓
2023–24 → MSCI & S&P move Nigeria out of Frontier into Standalone
↓
2023–26 → FTSE moves Nigeria to Unclassified
↓
September 2026 → FTSE returns Nigeria to Frontier

This clearly shows we're back on the progress ladder. Things are getting better, not worse.
By September 2014, Nigeria was firmly classified by FTSE as a Frontier Market. FTSE's 2014 classification table places Nigeria among Frontier markets alongside countries such as Kenya, Ghana, Mauritius, Qatar, Romania and Vietnam.
In 2016, FTSE put Nigeria on a watch list concerning its status as a Frontier market. By 2017, FTSE decided to retain Nigeria as a Frontier market rather than move it out of the classification.
Foreign investors don't just care about whether Nigerian companies are profitable.
They need to be able to:
invest → buy shares → sell shares → convert naira → obtain foreign currency → repatriate their money.
When that mechanism becomes unreliable, the country's investability rating deteriorates.
Nigeria's foreign-exchange liquidity and capital-repatriation problems became particularly serious from around 2020 onward.
Foreign investors were having difficulty repatriating capital and that it had consequently suspended certain index-related actions on Nigerian stocks.

In September 2025, FTSE put Nigeria on its watch list for possible restoration to Frontier status because the FX situation had improved sufficiently to meet its Frontier-market requirements.

Then in April 2026, FTSE officially announced:
Nigeria from Unclassified to Frontier.
The change is scheduled to become effective 21 September 2026.
FTSE says Nigeria now meets the five FTSE Quality of Markets criteria required for Frontier status, following improvements in FX queues and the ability of international institutional investors to repatriate capital.

This is like a huge signal. Nigeria is reopening a major financial highway to international capital. More foreign investment can come into Nigerian companies. This can mean more demand for shares of Nigerian companies such as banks, telecoms, consumer companies and industrial firms.
More demand brings potentially higher share valuations, and then companies can raise capital more cheaply.

Suppose a Nigerian company wants to raise ₦100 billion. If international investors regard Nigeria as difficult or risky to access, the company has to offer a much higher expected return to attract investors.
But if international investors become more comfortable with the market, the cost of equity capital can fall. That makes it easier for companies to expand factories, build telecommunications infrastructure, finance technology, acquire businesses, create jobs, and expand across Africa.

It's why folks like us get inconvenient with opposition spoiling Nigeria or scaring foreigners from Nigeria. It's shooting the country in the foot, self-destruction. It's easier to destroy than build. But when we talk, they call us evil, paid, devil and whatever other name. Shooting Nigeria in the foot hurts us all, not just politicians or some political party.

This beautiful development can help Nigeria attract long-term institutional investors. We're talking about institutions such as pension funds, sovereign wealth funds, mutual funds, ETFs, insurance companies, asset managers, university/endowment funds.
Many of these institutions don't simply decide, "Nigeria looks interesting; let's buy Nigerian stocks." They operate within investment mandates and benchmark rules. If Nigeria is excluded from an investable index, a fund tracking that index may have little or no reason—or sometimes the mandate—to hold Nigerian securities.
Getting back into the FTSE Frontier universe puts Nigeria back on the radar.

It can improve liquidity on the Nigerian Exchange. This is particularly important.
With additional FX supply, we strengthen the naira indirectly due to large and persistent inflow on the private side.

For the average Nigerian, more international investment leads to more capital available to Nigerian companies, which leads to business expansion and investment.
This brings more production + employment, which will cause higher tax revenues and economic activity, and then potentially higher incomes and living standards for the average Nigerian ready to work and tap from the opportunities.
In church, we'd call it open door/breakthrough. The real prize is what Nigeria does after the door opens.

Thanks so much Sir.
It's why folks like us get inconvenient with opposition spoiling Nigeria or scaring foreigners from Nigeria. It's shooting the country in the foot, self-destruction.
Many ignoramuses on Nairaland and in the streets see Tinubu as evil. There is hardship in the country agreed, but who have happened to Nigeria would be far worse than the pains of present time if this man didn't understand finance and how things work.
I think he should be given more time to consolidate his works.

ola20ng:
Egypt is in darkness?
Do you know the number of your Christian ladies in Egypt doing Shagala( maids/omo odo) for those Muslim Madams that are in darkness?
Egypt in darkness is better in everything than your Nigeria in light 10 times.

Egypt was once leading the world in mathematics, science, government. Islam came and destroyed that legacy. The evidence is shown in their preservation of mummies and trigonometry.
Where is Egypt now in the world of science?
Islam destroyed great peoples in the north and the once rich Yorùbá community and Igbo are now struggling in the hands of Islamic leaders. If you want to be honest, can you compare the times of Yakubu Gowon, Matthew Okikiola Obasanjo, Goodluck Jonathan or even the spell of Yemi Oshibajo to the dark eras of Muritala Muhammed Shagari, Buhari/ Idiagbon, Ibrahim Babangida, Sani Abacha, Buhari?

Islam is darkness.

ola20ng:
Egypt is in darkness?
Do you know the number of your Christian ladies in Egypt doing Shagala( maids/omo odo) for those Muslim Madams that are in darkness?
Egypt in darkness is better in everything than your Nigeria in light 10 times.

Egypt was once leading the world in mathematics, science, government. Islam came and destroyed that legacy. The evidence is shown in their preservation of mummies and trigonometry.
Where is Egypt now in the world of science?
Islam destroyed great peoples in the north and the once rich Yorùbá community and Igbo are now struggling in the hands of Islamic leaders. If you want to be honest, can you compare the times of Yakubu Gowon, Matthew Okikiola Obasanjo, Goodluck Jonathan or ever the spell of Yemi Oshibajo to the dark eras of Muritala Muhammed Shagari, Buhari/ Idiagbon, Ibrahim Babangida, Sani Abacha?

Islam is darkness.

simpleseyi:
.
Save the picture, you will still need in 2031 when Tinubu will be handing over to his preferred successor

God bless you good Nigerian. Atiku is fighting for Fúlàní recolonization agenda.

It no go work for am


Only a fool will vote another Fúlàní man to power to further enhance the menace of terrorism.

Recalibration, restrategization
.
Yorùbá nation is alive.

Yorubas don't fight blindly. Work is going on underground.

At the end of this administration, with the coming regionalization, it will be easier for any part to seceede with balance of military formations in each region and spread of wealth.

Oòduà land will exeat before Biafra.

DystopianMuse:
ONE STEP FORWARD 10 STEPS BACKWARDS. ADMINISTRATION BY ADMINISTRATION.

WATCH THIS GAIN ERODED NEXT ADMINISTRATION.

WHICH WAY NIGERIA?

Restructuring.

Restrict wasters to their region to be eating Quran.

Fúlàní recolonization agenda under Islamic taquiyya.
.


Only a fool will allow fulani to foolanize him to vote for slavery.

GigzHQ:
She is very beautiful

Islam can cast darkness upon glory. Aha!

See the beauty they want to put under a masquerade.
Anyways, that how Islam threw Egypt, Babylon, Persia into darkness.


Islam is darkness.
This is the nonsense some Yorùbá Muslims are clamouring for.

I don't fully understand all these technical terms but I believe Nigeria is getting it right under president Tinubu.

Where is Naufisat that videoed Oloolu Ibadan?


Food don done.

Barbdarsey:
I found out my fiancée always deletes whatsapp texts but leaves mine n family untouched. I've tried to confront but the excuses are lame.

How do I leave the relationship without causing drama

She will soon delete you.

Ceazer22:
Labelling every young man a yahoo boy is lame

If you are living in Edo State you will understand. We know them by their signature dresses, cars and behaviour.

Welcome back.

DoWhatThouWilt:
A president will utter nonsense, you people will clap. 👏

A celebrity will sing nonsense, you people will clap.👏

A yahoo boy will display his ill gotten wealth on social media, you people will clap.👏

Your pastor's will preach nonsense, you people will clap.👏

Clapping👏 for nonsense is a typical Nigerian behavior.

You could add: Nigeria itself is nonsense.
Nonsense applauding nonsense.

AMINDA:
The so-called think-tank should shove its opinion where the sun doesn't shine. Atiku will bring back subsidy, and heaven will not fall. And if it falls, it falls!

"APC saying that if subsidy comes back there will be queues reminds me of how I met my wife during Buhari’s time. We were both queuing at a filling station, I saw her behind me & decided to give her my spot. We exchanged numbers & the rest is history. That’s the beauty of subsidy."

- Taofeek Subsideen

From your name subsidyeen, it seems you lack economic knowledge like your principal. I guess you are from the same part of the country. The mess left behind by the northern military leaders was cleared by Obasanjo; eight years of Bubu took Nigeria back to Old Stone age. Another person is trying to reposition Nigeria to enduring economic stability, another prodigal father, desperately motivated by Fúlàní agenda is using unreasonable, populist promises at home and blackmailing abroad to gaslight Nigerians.

All important financial bodies home and abroad are praising the Federal Government for bold step taken to revamp the ailing economy though with its attendant difficulties. One ignoramus somewhere is planning to undermine the good job with sweet talks.

Oga subsidyeen, enjoy your wife , proceed of petrol queue. Are your looking for a second wife on another queue.?

Please let the president consolidate the thing he started and the political reforms that will sustain good economy.
Biko.

2468iyajo:
Hello Mr man are you still alive?

Oh yeah. I dey kampe.
Many thanks for asking and care.



Sahih Muslim 2167 a
Abu Huraira reported Allah's Messenger (ﷺ) as saying:

Do not greet the Jews and the Christians before they greet you and when you meet any one of them on the roads force him to go to the narrowest part of it.
حَدَّثَنَا قُتَيْبَةُ بْنُ سَعِيدٍ، حَدَّثَنَا عَبْدُ الْعَزِيزِ، - يَعْنِي الدَّرَاوَرْدِيَّ - عَنْ سُهَيْلٍ، عَنْ أَبِيهِ، عَنْ أَبِي هُرَيْرَةَ، أَنَّ رَسُولَ اللَّهِ صلى الله عليه وسلم قَالَ ‏"‏ لاَ تَبْدَءُوا الْيَهُودَ وَلاَ النَّصَارَى بِالسَّلاَمِ فَإِذَا لَقِيتُمْ أَحَدَهُمْ فِي طَرِيقٍ فَاضْطَرُّوهُ إِلَى أَضْيَقِهِ ‏" ‏ ‏.‏
Reference : Sahih Muslim 2167a
In-book reference : Book 39, Hadith 16
USC-MSA web (English) reference : Book 26, Hadith 5389
(deprecated numbering scheme)

Simple: city life mentality.

HacheNoire:
That’s impossible!

Anyone familiar with tech knows our infrastructure in Nigeria cannot handle medical surgery.

It’s a big lie!

I am not ready to delve into technicalities but can assure anyone who cares to know that it is a big lie and outrightly impossible!

You are right but why I support these faith - based institutions is that they provide what the government says is unachievable. For instance, light and water run 24/7 in Canaan Land of Oyedepo as well as The Redemption City of RCCG. You need only two years to run a doctorate degree in Covenant University according to international standard otherwise, the school management would query the student and the supervisor. I have a friend that started a PhD in government universities, you spent aeons to finish it a times with material and body.

How can we say to have an MRI machine is a problem in Nigerian teaching hospitals at this time?
The money to buy these things is nothing compared to the extravagant lifestyles of our political office holders.

I think this move can inspire teaching hospitals to acquire theirs.

Everything islamic is looking backwards.

World don move.

Great woman.
Her memory lives on.

Great woman indeed.
Her memory lives on.

Diamond098454:
I blame her parents and religion

...and her prophet

agulion:
Ok noted, most of us Yoruba Muslims do not support islamic terrorists and islamic bandits

Musulumi ọlọ́bẹ̀ yọ̀

billyG:
It will never happen

Hahahahaha.
Al - jaanah itself will be filled with violence, orgy, sex, holy chaos.

Atiku is only after Fúlàní agenda of Islamization.

Further reorganition of Nigeria would make it difficult or near impossible.

Atiku is not fighting for the good of Nigeria. He has the backing of the Islamic north, only a fool will fall for his theatrics.

God1000:
Hmm, this is a bombshell oo, something big is about to happen in the middle east

I'm even surprised that Saudi Arabia which is a staunch ally of America is doing this

The end of American empire is near

Nah. America is not going down soon.

Anyway, biblical prophecy of last days are getting fulfilled in our time.

Indomie baby.
Indomie generation

Aja ìwòyí lo mọ lati le ehoro ìwòyí

If you know, you know

Caaz:
More of the meals prepared by me...my husband calls me **Apunawu

Do want someone to snatch from your husband?

You are a great woman 👍

LZAA:
Foundations require MONEY to maintain
This is a one off event of which the price of that casket might be an exaggeration.
Don't take things personal

In the near future, possibly after the generation of Adenuga and this person with 200m copper coffin have gone, one hungry person armed with history will still exhume the bodies and sell the nonsense and spend the money on alcohol.

I think Africans are crazy people. Mike Adenuga buried his.mother in a ₦40,000,000 gold casket. Only God knows what would be it's value now.

The parents of these people are still going to sleep naked at last. It reminds few days from today when their family members will exhume the bodies and sell the nonsense.
It may not be in the lifetime of these children. It is going to happen.

I would rather immortalize the parents with a foundation than a show of stupidity like this.

The funny thing is that it could be a trend for other shallow minded billionaires to follow.

Haba, why would they have allowed masquerade in their country in the first instance?