Posts Tagged ‘JP Morgan’

FAILING ECONOMY | Nigeria Kicks as JP Morgan Deletes Nigeria from GBI

By Kayode Sesan The Federal government has responded to the announcement by JP Morgan to phase out Nigeria from its Government Bond Index for Emerging Markets (GBI-EM), stating that while ‘we respect the right of the J.P. Morgan to make this decision, we would like to strongly disagree with the premise and conclusions upon which the decision […]

JP Morgan to Remove Nigeria from Government Bond Index

JP Morgan will remove Nigeria from its Government Bond Index (GBI-EM) by the end of October, the bank said on Tuesday, after warning the government of Africa’s biggest economy that currency controls were making transactions too complicated. The removal will force funds to sell Nigerian bonds, triggering potentially significant capital outflows and raising borrowing costs […]