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NGX Loses N757bn In 48 Hours Due To FTSE Russell Downgrade

NGX Loses N757bn In 48 Hours Due To FTSE Russell Downgrade

Investors in the Nigerian Exchange Limited (NGX) faced a tumultuous two days as they watched N757 billion evaporate from the market, all triggered by FTSE Russell’s decision to downgrade the exchange from frontier to unclassified market status. This move, driven by Nigeria’s
September 13, 2023
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