₦airaland Forum

Press Release Signed by 𝐓𝐚𝐢𝐰𝐨 𝐎𝐲𝐞𝐝𝐞𝐥𝐞

FEDERAL MINISTRY OF FINANCE

PRESS RELEASE

28 August 2026

𝐓𝐇𝐄 𝐅𝐄𝐃𝐄𝐑𝐀𝐋 𝐆𝐎𝐕𝐄𝐑𝐍𝐌𝐄𝐍𝐓 𝐖𝐄𝐋𝐂𝐎𝐌𝐄𝐒 𝐓𝐇𝐄 𝐑𝐄𝐂𝐋𝐀𝐒𝐒𝐈𝐅𝐈𝐂𝐀𝐓𝐈𝐎𝐍 𝐎𝐅 𝐍𝐈𝐆𝐄𝐑𝐈𝐀 𝐓𝐎 𝐅𝐑𝐎𝐍𝐓𝐈𝐄𝐑 𝐌𝐀𝐑𝐊𝐄𝐓 𝐒𝐓𝐀𝐓𝐔𝐒 𝐁𝐘 𝐅𝐓𝐒𝐄 𝐑𝐔𝐒𝐒𝐄𝐋𝐋

The Federal Ministry of Finance welcomes the confirmation by global index provider FTSE Russell that Nigeria's capital market will be reclassified from "Unclassified" to "Frontier Market" status, effective from the open of trading on Monday, 21 September 2026.

The decision marks Nigeria's return to the global Frontier Market universe, nearly three years after its exclusion in September 2023, when persistent difficulties in capital repatriation and foreign exchange execution made the market inaccessible to international investors.

The reclassification follows sustained improvements in foreign exchange liquidity, capital repatriation and market accessibility, and reflects the cumulative impact of the Federal Government's macroeconomic and structural reform programme.

The reclassification is an important validation of Nigeria's reform trajectory and a foundation for the next phase of the country's capital market development. It is a meaningful signal to global capital that our market is open, orderly and improving.

It reflects years of disciplined work across government and the private sector to restore confidence in our economy. We see this as a milestone, not a destination. Our ambition remains to build a capital market that is deep, liquid and competitive enough to earn Emerging Market status in the near term.

The Ministry commends the Securities and Exchange Commission, the Central Bank of Nigeria, the Nigerian Exchange Group, the Central Securities Clearing System, and all capital market operators and stakeholders for their sustained collaboration in achieving this outcome. Their coordinated efforts spanning regulatory reform, market infrastructure modernisation and investor engagement have been central to restoring Nigeria's standing among global index providers.

Looking ahead, the Federal Government reaffirms its commitment to working with market regulators and institutions to deepen liquidity, broaden participation and strengthen investor protections, with the medium-term goal of positioning Nigeria for progression to Emerging Market status.

The Ministry will continue to support policies that enhance the depth, transparency and global competitiveness of Nigeria's capital market as a key pillar of the nation's economic transformation agenda.

Signed:
𝐓𝐚𝐢𝐰𝐨 𝐎𝐲𝐞𝐝𝐞𝐥𝐞
Hon. Minister of Finance and Coordinating Minister of the Economy

Source

Always celebrating irrelevant things

Audio achievement is 5&6 with this present bad administration

Beautifulday:
Always celebrating irrelevant things

Peter OBI will not be president.

Love your country than peter OBI

oyeb15:
Audio achievement is 5&6 with this present bad administration

Peter OBI will not be president.

Love your country than peter OBI

ONE STEP FORWARD 10 STEPS BACKWARDS. ADMINISTRATION BY ADMINISTRATION.

WATCH THIS GAIN ERODED NEXT ADMINISTRATION.

WHICH WAY NIGERIA?

Very unnecessary thing

Beautifulday:
Always celebrating irrelevant things

Always wailing and crying over any good news.

Does that solves the insecurity and hunger in the land?

Nonsense people

Basic123:
Peter OBI will not be president.

Love your country than peter OBI

Am voting for Atiku Abubakar

No go hustle with your leg and hand keep blaming tinubu

UkoAnnang:



Does that solves the insecurity and hunger in the land?

Nonsense people

If good things or news is said about Nigeria people will be angry and sad but while bad news is their happiness. Hmmm
The same people if by any chance they travel out of this country they will be saying Nigeria is bad even lay course on Nigeria but while they have little problems they will be begging Nigeria for their repatriation. Ummm

They now clutch at meaningless statistics just to gain validation. All Tinubu's so-called achievements are intangible and mundane things. Audio.

Beautifulday:
Always celebrating irrelevant things

Because you don't understand these things does not mean they are irrelevant. "Ko le ye yin l'oni, yio ye yin l'ola"

Beautifulday:
Always celebrating irrelevant things

You call this irrelevant? this has shown me the level of you intelligence without meeting you personally.

Funny though, removed under Tinubu administration in 2023, re-instating it after your policy caused them to remove it initially, and here they are celebrating what was there before they came. lol this government sha.

Something that was Unclassified under Tinubu 😂

Apcshit:
Very unnecessary thing

Cosmetics.

That's really all they do.

A government of mediocres!

AVAVictor1:
If good things or news is said about Nigeria people will be angry and sad but while bad news is their happiness. Hmmm
The same people if by any chance they travel out of this country they will be saying Nigeria is bad even lay course on Nigeria but while they have little problems they will be begging Nigeria for their repatriation. Ummm

Na your family members wey dey Libya you had better be talking about - because some of us are out here in the US, UK and Canada.

WETIN REPATRIATION GET TO DO FOR OUR MATA!

Basic123:
Peter OBI will not be president.
Love your country than peter OBI

If you have no record of Obi inviting terrorists to destroy our country, then how does he not love Nigeria more than the master strategist in Aso Rock and his wicked, devilish APC party of selfish leaders looters

anonimi:
What group of politicians is more wicked than A-looter Propaganda Conmen, APC


https://x.com/BusinessDayNg/status/1554497253158658049


How we brought In Fulani militias from Mali, Sierra Leone, Senegal, others to win 2015 election — Kawu Baraje - mailchi.mp/businessday.ng…

Aug 2, 2022

Who can summarise the vague message for me but all I know is obi and Atiku cannot see d kingdom of Aso rock ..

AVAVictor1:
If good things or news is said about Nigeria people will be angry and sad but while bad news is their happiness. Hmmm
The same people if by any chance they travel out of this country they will be saying Nigeria is bad even lay course on Nigeria but while they have little problems they will be begging Nigeria for their repatriation. Ummm

May God bless you my brother that's the kind of citizens we have .

They can never see any thing good the government did only the bad once they will celebrate 🥂

The reclassification is welcome, but the government still needs to address its failures in controlling inflation, stabilising the naira and creating a reliable foreign exchange system. What matters now is turning these reforms into real economic stability, investor confidence and better living conditions for Nigerians.

These semi illiterate amala munching orangutangs will look for any meaningless THING TO CELEBRATE!!! What buffoonery! You have driven the entire country into poverty and you are talking nonsense?


https://www.youtube.com/watch?v=3cLKcNMYHTs?si=tXFxBvjYK-hh0Z-t

Rayjay45:
Cosmetics.

That's really all they do.

A government of mediocres!

Very useless government

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.

Beautifulday:
Always celebrating irrelevant things

Irrelevant, because it is beyond what your brain can process.

Enemies of good news about Nigeria.