Global Market Shifts
FTSE Russell suspends Nigeria frontier upgrade over settlement changes while Segro rejects a major US takeover bid in the logistics sector.
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- MARKETSegro brands Prologis £12.6bn takeover bid 'opportunistic' and 'inadequate'
The FTSE 100 logistics landlord escalates its rejection of the US REIT's unsolicited offer, deepening the standoff over valuation and control.
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- MARKETNigerian brokers defend T+1 settlement as FTSE Russell defers frontier market upgrade
Industry body insists infrastructure reforms remain on track despite index provider's pause on reclassification.
Nairametrics - MARKETNigerian dealers challenge FTSE Russell's suspension of frontier market upgrade
Local market participants argue the T+1 settlement shift is a net positive, pushing back against the index provider's rationale for halting the reclassification process.
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- MARKETNigerian dealers push back against FTSE Russell over T+1 settlement reform
Securities firms argue the faster cycle is a necessary modernization, challenging the index provider's rationale for suspending Nigeria's frontier market upgrade.
Nairametrics - MARKETFTSE Russell suspends Nigeria frontier market upgrade over T+1 settlement shift
The index provider halts the reclassification process to assess how the Nigerian Exchange's move to a T+1 settlement cycle impacts inclusion criteria, casting doubt on near-term foreign inflows.
Nairametrics - MARKETFTSE Russell halts Nigeria frontier market upgrade over T+1 settlement shift
The index provider paused the reclassification process, citing operational changes that complicate market inclusion criteria.
Nairametrics - EVENTSegro repels £12.6bn takeover bid from US real estate firm
The FTSE 100 logistics landlord rejects an unsolicited offer, signaling resistance to US consolidation of European industrial assets.
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