Strategy Note /
NigeriaNigeria ejection from MSCI FM looms
Nigeria has 4.7% and 7.2% weights in MSCI FM and FM 100 equity indices and may be ejected on 31 August
Since March 2020, low foreign exchange liquidity has inhibited repatriation and accurate marking to market
Modest impact on share prices: FX issues not new, remaining foreigners committed or trapped anyway, FM funds are small
Hasnain Malik
Strategy & Head of Equity Research @ Tellimer Research
24 June 2022
Published byTellimer Research
