JP Morgan threatens to remove Nigeria from key bond index

JP Morgan threatens to remove Nigeria from key bond index

JP Morgan has threatened to remove Nigeria from its Government Bond Index (GBI-EM) by the year-end unless the Central Bank of Nigeria, CBN, restores liquidity to foreign exchange market to allow foreign investors tracking the benchmark to transact with minimal hurdles.

The bank said, weekend, it had extended the deadline to eject Nigeria by another six months to take into account the arrival of President Muhammadu Buhari.

The post JP Morgan threatens to remove Nigeria from key bond index appeared first on Vanguard News.

Source: JP Morgan threatens to remove Nigeria from key bond index