3/5/2016/CardinalStone Research
Culled—-Proshare
Following a review of Nigeria’s continued inclusion in its Frontier Markets Index, the MSCI has decided that it will keep Nigeria in its benchmark indexes.
MSCI however stated that it will not implement changes resulting from its upcoming May 2016 Semi-Annual Index Reviews for Nigerian securities but will place the country under a “special treatment” status and some individual stocks that no longer meet its criteria will be deleted from the indexes.
MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, had earlier stated in a report released on 08th April 2016, that it was considering excluding Nigeria from its Frontier Market Index due to tight foreign exchange controls imposed by the country’s monetary authorities.
