nigeria regains frontier market upgrade

Nigeria Eyes Frontier Market Upgrade as Naira Weakens on Parallel Market

Nigeria has received a potential boost to investor confidence after S&P Dow Jones Indices placed the country on its 2027 Country Classification Watchlist for a possible upgrade to Frontier Market status, even as the naira continued to weaken in the parallel foreign exchange market. The watchlist designation signals that international index providers are closely monitoring…

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cbn freezes account

CBN Orders Banks to Freeze Accounts Linked to Six Terrorism Financing Suspects, Four BDC Operators

The Central Bank of Nigeria (CBN) has directed all banks and other regulated financial institutions to immediately freeze accounts, assets, and financial transactions linked to six individuals and four Bureau De Change (BDC) operators over alleged involvement in terrorism financing. The directive, contained in a circular dated June 24, 2026, follows an update to the…

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