Nigerian stocks down after MSCI says could remove Nigeria from frontier index

Nigerian stocks shed 2.49 percent on Monday after index provider MSCI said it could remove Nigeria from its frontier markets index after the central bank's introduction of currency controls last year. MSCI said late on Thursday that it was seeking feedback from investors on the ease of access to the Nigerian stock market, of which about $480 million of MSCI benchmarked money was in Nigeria. The Nigerian stock market, which has the second-biggest weighting behind Kuwait on the MSCI frontier marke