Earlier this month we reported on JP Morgan's decision to remove Nigeria from its Government Bond Index by the end of October, due to failing its liquidity and transparency tests. The move was a response to Nigeria's failure in meeting several key criteria for inclusion into the index.
Earlier this month we reported on JP Morgan's decision to remove Nigeria from its Government Bond Index by the end of October, due to failing its liquidity and transparency tests. Now Nigeria's Debt Management Office has come out fighting, saying that the delisting was largely immaterial to the quality and liquidity of the country's securities.