J.P. Morgan Adds Nigeria to New Bond Index With 7.4% Weight

J.P. Morgan has included Nigeria in its newly introduced Government Bond Index–Emerging Markets Edge (GBI-EM Edge), assigning the country a 7.4% weighting in the benchmark tracking local-currency government debt across frontier emerging markets. According to a J.P. Morgan Global Index Research report dated September 14, 2026, seen and reported by......

J.P. Morgan has included Nigeria in its newly introduced Government Bond Index–Emerging Markets Edge (GBI-EM Edge), assigning the country a 7.4% weighting in the benchmark tracking local-currency government debt across frontier emerging markets.

According to a J.P. Morgan Global Index Research report dated September 14, 2026, seen and reported by Nairametrics, Nigeria has $17.47 billion worth of eligible government bonds represented across 16 instruments in the index.

The inclusion returns naira-denominated Nigerian government bonds to a J.P. Morgan emerging-market benchmark more than a decade after the country was removed from the bank’s flagship government bond index in 2015.