​Index provider MSCI is seeking feedback from investors on the ease of access to the Nigerian equity market, a move that could lead to Nigerian equities being excluded from the MSCI Frontier Markets Index. The consultation comes amidst persistent illiquidity in the foreign exchange market, MSCI said in a statement issued late last Thursday, adding that it would announce its decision on or before April 29. We expect the exclusion, if it crystallizes, to significantly impact the market with estimated $500 million of MSCI benchmarked money tracking Nigeria.
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