Nigeria: Daba, Coronation Open Nigerian Market Access to Global Investors

Nigeria: Daba, Coronation Open Nigerian Market Access to Global Investors

Daba Finance and Coronation have agreed a distribution arrangement that will give eligible investors outside Nigeria digital access to Nigerian capital-market products, as the country's equities rally and it prepares to return to FTSE Russell's Frontier Market index universe later this month. The companies announced the agreement on September 2 in Lagos and Miami.

As Nigeria’s capital market surges, Daba and Coronation want global investors in

The partnership comes as Nigeria's stock market continues its surge. The NGX ended August with an all-share index year-to-date return of 56.93%.