Nigeria risks $500m holdings as MSCI exit looms

Nigeria risks $500m holdings as MSCI exit looms

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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