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Nigerian stocks fell 2.6 percent yesterday after global index provider, MSCI, said it would leave the country in its former index until at least November, when it will assess the investor access to the market.

MSCI said Nigeria would remain a frontier mrket, with the possibility of being downgraded to “stand alone” status, leading shares to retreat. According to Reuters, the index of Nigeria’s top 10 banks, its relatively liquid sector, shed 2.6 percent partly on the MSCI news, and after Etisalat Nigeria failed to agree a debt renegotiation deal with lenders.

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Nigerian stocks fell 2.6 percent yesterday after global index provider, MSCI, said it would leave the country in its former index until at least November, when it will assess the investor access to the market.

MSCI said Nigeria would remain a frontier mrket, with the possibility of being downgraded to “stand alone” status, leading shares to retreat. According to Reuters, the index of Nigeria’s top 10 banks, its relatively liquid sector, shed 2.6 percent partly on the MSCI news, and after Etisalat Nigeria failed to agree a debt renegotiation deal with lenders.

Read more

Nigerian stocks fell 2.6 percent yesterday after global index provider, MSCI, said it would leave the country in its former index until at least November, when it will assess the investor access to the market.

MSCI said Nigeria would remain a frontier mrket, with the possibility of being downgraded to “stand alone” status, leading shares to retreat. According to Reuters, the index of Nigeria’s top 10 banks, its relatively liquid sector, shed 2.6 percent partly on the MSCI news, and after Etisalat Nigeria failed to agree a debt renegotiation deal with lenders.

Read more

Nigerian stocks fell 2.6 percent yesterday after global index provider, MSCI, said it would leave the country in its former index until at least November, when it will assess the investor access to the market.

MSCI said Nigeria would remain a frontier mrket, with the possibility of being downgraded to “stand alone” status, leading shares to retreat. According to Reuters, the index of Nigeria’s top 10 banks, its relatively liquid sector, shed 2.6 percent partly on the MSCI news, and after Etisalat Nigeria failed to agree a debt renegotiation deal with lenders.

Read more

Nigerian stocks fell 2.6 percent yesterday after global index provider, MSCI, said it would leave the country in its former index until at least November, when it will assess the investor access to the market.

MSCI said Nigeria would remain a frontier mrket, with the possibility of being downgraded to “stand alone” status, leading shares to retreat. According to Reuters, the index of Nigeria’s top 10 banks, its relatively liquid sector, shed 2.6 percent partly on the MSCI news, and after Etisalat Nigeria failed to agree a debt renegotiation deal with lenders.

Read more

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