August 30, 2026

Minister of Finance and Coordinating Minister for the Economy, Taiwo Oyedele

By Henry Ojelu

LAGOS — Stakeholders in Nigeria’s capital market have commended the Federal Government, particularly the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, for reforms that helped restore Nigeria to the global Frontier Market universe of FTSE Russell.

Their commendation followed confirmation by global index provider, FTSE Russell, that Nigeria’s capital market would be reclassified from “Unclassified” to “Frontier Market” status, effective from the opening of trading on September 21, 2026.