As the frenzy over the decision by JP Morgan to phase out Nigeria from its Government Bond Index for Emerging Markets (GBI-EM) effective from October 30, 2015 begins to die down we draw attention to the need to adopt measures that would extricate Nigeria’s economy from whims of foreign investors.Read More
As the equities market continues to suffer from the recent announcement by JP Morgan to phase out Nigeria from its GBI-EM index series, analysts have projected an increased allocation to equities in the short-medium term as institutional domestic investors continue to exit the bond space.Read More
There has been pressure in recent times from within and outside the country for Nigeria to devalue the Naira for the third time this year.
The call is in every sense of the word self-seeking for investors who want to take advantage of Nigeria. The most recent is that coming from JP Morgan which from the look of it, is outright blackmail.