Nigeria's equities market reached a fresh record high with market capitalisation climbing to N163.679 trillion, driven by strong corporate earnings and FTSE Russell's frontier market restoration.

Nigeria has officially rejoined the FTSE Frontier Index Series after a three-year absence, buoyed by improved foreign-exchange liquidity and structural market enhancements.

Leadership from the Nigerian Exchange Group and the Central Securities Clearing System are in London to discuss index status concerns with FTSE Russell. The talks aim to address operational challenges international investors face following Nigeria's transition to a T+1 settlement cycle.