Nigeria has received a significant boost in international investor confidence, marked by two key developments this week. FTSE Russell confirmed that Nigeria will rejoin its Frontier Market index on September 21, 2026, following a successful review of the country’s updated settlement cycle and market infrastructure. Concurrently, Moody’s revised Nigeria’s sovereign credit outlook from stable to positive, while maintaining its B3 rating. The agency cited stronger foreign exchange reserves and better-than-expected economic growth as key drivers. While these moves signal improved institutional credibility and potential for increased portfolio inflows, analysts caution that sustained success depends on long-term FX liquidity and continued fiscal reform to address revenue-generation challenges.