ASHON Knocks FTSE Halt of Frontier Market Upgrade on T+1 Shift
Kayode Tokede
A wave of criticism from domestic stockbrokers has followed FTSE Russell’s sudden pause on Nigeria’s return to the Frontier Market universe.
Upgraded just months ago in March with an effective date set for September, the country’s progress was abruptly frozen over its shift to a shorter T+1 settlement framework.
Market operators are now knocking the global index provider, calling the delay a setback that misreads a progressive operational upgrade as a market risk.
