FTSE Russell Index Review: Listing of 31 Nigerian Stocks Triggers N239bn Gain on NGX
FTSE Russell’s review added 31 Nigerian stocks to its Frontier Index Series, lifting investor buying and pushing market capitalisation up N239 billion.
- London-Based FTSE Russell added 10 Nigerian companies, including Dangote Cement Plc, MTN Nigeria Communications Plc, and Guaranty Trust Holding Company Plc, to its Frontier Index Series effective September 21, 2026.
- The index provider recently upgraded Nigeria to a Frontier Market, reversing a demotion from nearly three years ago when a foreign exchange squeeze hindered international investors seeking to recoup investments.
- On Thursday, investor wealth on the Nigerian Exchange Limited rose by N239 billion; market capitalization increased by 0.15 per cent to N159.153 trillion, reflecting renewed buying interest following the index review.
- Dangote Cement announced on Wednesday it will host a capital markets day in London this month to prepare stakeholders for its proposed secondary listing on the London Stock Exchange.
- Admission of the equities remains tentative until September 7, 2026, ahead of the index reclassification taking force later this month, positioning companies for broader visibility among international investors.
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FTSE Russell Index review: Listing of 31 Nigerian Stocks triggers N239bn gain on NGX
The inclusion of 31 Nigerian stocks in the FTSE Russell Frontier Index Series has boosted investor wealth on the Nigerian Exchange Limited, NGX, with market capitalisation rising by N239 billion at the close of trading on Thursday. DAILY POST reports that global index provider FTSE Russell recently confirmed the eligibility of Nigerian equities across three categories […] FTSE Russell Index review: Listing of 31 Nigerian Stocks triggers N239bn g…
FTSE Russell admits Dangote Cement, MTN Nigeria, First HoldCo, others to Frontier Index Series
Quoting the companies in the Frontier Index Series provides them with broader visibility among international investors than their primary listing on the Nigerian Exchange in Lagos.
GTCO, Zenith, First Holdco, Aradel, MTNN, Dangote Cement, others make FTSE Russell eligible stocks for Frontier Index Series
In line with its plans for Nigeria’s return to Frontier Market status on September 21, FTSE Russell has confirmed the read more GTCO, Zenith, First Holdco, Aradel, MTNN, Dangote Cement, others make FTSE Russell eligible stocks for Frontier Index Series
BrandEconomy » BRAND REPORT » Dangote Cement, MTN, First HoldCo and Zenith Lead Nigeria’s FTSE Comeback
FTSE Russell has selected ten Nigerian large-cap companies ahead of the country’s September 21 return to Frontier Market status. The move restores international visibility, but sustainable capital will depend on liquidity, governance, currency stability and frictionless repatriation.
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