The Nigerian Exchange (NGX) and FTSE Russell have convened in London for direct discussions with international investors regarding the T+1 settlement cycle.
The meeting addresses the primary obstacle that led the index provider to suspend Nigeria's upgrade to frontier market status earlier this year.
FTSE Russell previously cited the shift to a one-day settlement period as a complicating factor for inclusion criteria, arguing it could hinder liquidity and access for global funds.
The decision effectively paused a long-pursued upgrade that would have unlocked significant passive inflows from index-tracking assets.
Nigerian securities dealers have mounted a defense of the T+1 transition, challenging the rationale behind the suspension.
Industry participants argue that the faster settlement cycle enhances market efficiency and reduces counterparty risk, aligning with global best practices rather than detracting from them.