Business

Nigeria’s equities market returned to FTSE Russell’s Frontier Market classification on Monday, September 21, bringing eligible Nigerian stocks back into the FTSE Frontier Index Series.

Brent crude futures fell $2.16, or 2.08 percent, to $101.71 a barrel by 0213 GMT, after touching their lowest level since September 10. US West Texas Intermediate crude declined $2.15, or 2.14 percent, to $98.15 a barrel.

Nigeria’s Monetary Policy Committee opens its 307th meeting on Monday, September 21, with inflation easing for a second consecutive month, gross external reserves climbing to $54.61 billion and the naira trading around ₦1,329.86 per dollar at the official market.

Nigeria will, on Monday, September 21, return to the FTSE Russell Frontier Market universe, ending a three-year period in which its equities were excluded from the global index provider’s frontier-market classification.

Global investors, policymakers, development finance institutions and agricultural industry leaders are set to converge on Uyo, Akwa Ibom State, for the 5th Agribusiness Roundtable International Conference, AGRIC 2026, scheduled for October 25 to 28, 2026.

Nwabueze made the call at the 36th Anniversary Conference of the Finance Correspondents Association of Nigeria in Lagos, where he spoke on the theme, “Building Taxpayer Confidence and Trust in Nigeria’s Tax Reform Agenda.”

The latest position comes amid renewed pressure from petroleum marketers for the Federal Government and NNPC Ltd to accelerate efforts to return the government-owned refineries to production.

The inductees completed the Exchange’s 15-day Automated Trading System Brokers’ Certification Programme, which covers market structure, trading procedures, regulatory compliance and the operational framework of the Nigerian capital market.

Last week brought major developments across Nigerian and global financial markets.

Nigeria’s manufacturers are facing a rising logistics cost burden, with H1 2026 financial statements showing selling, distribution, haulage and freight expenses growing sharply across major listed companies.