Abuja - JP Morgan has threatened to delist Nigeria from its Government Bond Index (GBI-EM) by the end of 2015, reports Vanguard.
The action follows the lack of liquidity in the country's foreign exchange and bond markets.
Also read: Nigeria joins JP Morgan government bond index
JPMorgan, which runs the most commonly used emerging debt indexes, said it had placed Nigeria on a negative index watch and would assess its place on the GBI-EM over the next three to five months.
The bank said it extended the deadline to eject Nigeria by another six months to take into account the arrival of President Muhammadu Buhari.
The Central Bank of Nigeria in the wake of the fail in oil prices removed liquidity to the foreign exchange market.
Read more at Vanguard.
- News 24