Nigeria faces foreign exchange issues, is reclassified into the FTSE Frontier Index, and the SEC confirms new foreign portfolio investment rules.
7 reports, 1 independent
Updated Sep 21
Gone quiet
- Reports
- 7
- Developments
- 4
- Repetition
- 86%
New informationRepeats or wire copies
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What happened
Nigeria faces foreign exchange issues, is reclassified into the FTSE Frontier Index, and the SEC confirms new foreign portfolio investment rules.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Nigerian regulator demanded more time and consultation regarding ongoing financial and regulatory matters.Sub-event
- Nigeria proposes a comprehensive regulatory framework for forex and CFD trading.Sub-event
- The equities market in Nigeria operates using the naira currency.Sub-event
Nigeria's financial market sees FX issues, FTSE reclassification, and new SEC investment rules.1 source
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The entities involved
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Nigeria
sovereign state in West Africa
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naira
currency of the Federal Republic of Nigeria
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Securities and Exchange Commission
government agency of the Philippines
Related events
- The Central Bank of Nigeria (CBN) managed a surge in foreign exchange utilization within the Nigerian economy.
- The Securities and Exchange Commission (SEC) is monitoring the Financial Reporting Council's roadmap for standard adoption in Nigeria.
- Nigerian federal government announces trade sector expansion and targets, with trade values denominated in Naira.
- FTSE Russell confirmed Nigeria's Frontier Market classification in 1995.
- Currency devaluation is impacting corporate revenue streams in Nigeria, while the Central Bank of Nigeria governs the official exchange rate.