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…
FTSE Russell has added 10 major Nigerian firms to its FTSE Frontier Index Series, signaling Nigeria's official return to the Frontier Market status on September 21, 2026. The inclusion comes after the index provider upgraded Nigeria from an 'Unclassified Market' status, following improvements in foreign exchange liquidity and capital repatriation mechanisms.
The selected companies, categorized as "Newly Eligible" large-cap stocks, include Aradel Holdings, Dangote Cement, First HoldCo, Guaranty Trust Holding Company, MTN Nigeria Communications, Nestlé Nigeria, Nigerian Breweries, Presco, Stanbic IBTC Holdings, and Zenith Bank. The reclassification is expected to boost global visibility for Nigerian equities, attract foreign portfolio investment, and improve liquidity in the local bourse.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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- FTSE Russell adds 10 Nigerian firms to index punchng.com
- FTSE Russell names 31 Nigerian stocks for frontier index businessday.ng
