Exclusives

Nigeria risks $500m holdings as MSCI exit looms

by CALEB OJEWALE AND LOLADE AKINMURELE

April 11, 2016 | 10:18 am
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The decision by MSCI Incorporated to consider dropping Nigeria from its Frontier Markets Index has put $500 million of stock investments in Africa’s biggest economy under threat, according to Renaissance Capital Limited. The development comes amid a crumbling economy, which is struggling to survive forex, energy, and most recently, inflation challenges. Investors following the index…

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by CALEB OJEWALE AND LOLADE AKINMURELE

April 11, 2016 | 10:18 am
12893  |   93   |   0  |   Start Conversation

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Analysis

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