Analysts expect FX demand pressure as JP Morgan delists Nigeria

Analysts expect FX demand pressure as JP Morgan delists Nigeria

Analysts in the investment and securities segment of the financial services sector expect an increase in demand for foreign exchange (FX) as JP Morgan delists Nigeria from its Government Bond Index for Emerging Markets (GBI-EM). JP Morgan had last month said it would drop FGN Bonds from its index, citing a lack of liquidity and…

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