Nigeria: JPMorgan decision postponed

JPMORGAN Chase extended a deadline to decide whether to remove Nigeria from its emerging market bond indexes tracked by more than $200 billion (R2.5 trillion) of funds, as a new government in the country settles in. The decision that might see Nigeria kicked out of the JPMorgan GBI-EM indexes because of central bank foreign-exchange trading restrictions would be “finalised in the coming months”, JPMorgan said on Friday. – Bloomberg