CIS, ASHON Laud Nigeria’s Return to S&P Frontier Watchlist
Kayode Tokede
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have commended the decision of S&P Dow Jones Indices to place Nigeria on its 2027 Watchlist for potential reclassification from a Standalone Market to a Frontier Market.
This was contained in a joint position paper released and jointly signed by the President of the CIS, Fiona Ahimie, and the Chairman of ASHON, Sehinde Adenagbe.
In its latest Country Classification Review, S&P DJI noted that the “Nigerian regulatory environment has modernised to improve transparency, enforcement, and market integrity.”
