Barclays has confirmed that it is consulting with its index users as to whether Nigeria 's sovereign debt should remain in its emerging market local currency government bond benchmark . This follows a move by JPMorgan in September when it said it would ? drop Nigeria from its index , due to a lack of liquidity and currency restrictions . This is yet ? another worrying issue for Nigeria , which is already suffering from a huge drop in oil prices since mid-2014 , since oil accounts for around 80 % of its annual revenues , along with increased tensions from Islamic investors , Boko ##llah .
Barclays has confirmed that it is consulting with its index users as to whether Nigeria's sovereign debt should remain in its emerging market local currency government bond benchmark. This follows a move by JPMorgan in September when it said it would ?drop Nigeria from its index, due to a lack of liquidity and currency restrictions. This is yet ?another worrying blow for Nigeria, which is already struggling from a huge drop in oil prices since mid-2014, since oil accounts for around 80% of its government revenues, along with increased tensions from Islamic militants, Boko Haram.