AbujaThe reclassification is expected to draw $17.5 billion.

Passive funds tracking the index must buy Nigerian debt regardless of their view.

Finance Minister Taiwo Oyedele said bond yields could fall by up to 200 basis points.

The naira has weakened 2.5% over the past month despite the expected inflows.

How each outlet framed it
Premium Times Nigeria leans favorable
quantifies readmission impact: $17.5B expected inflow, up to 200bp yield reduction possible, ending 11-year exclusion from JP Morgan index

Sources: Premium Times Nigeria