FTSE Frontier 50 Index lists FirstHoldCo, Zenith, GTCO, Dangote Cement, Aradel, MTN as only Nigerian firms
FTSE Russell has included six Nigerian companies in its FTSE Frontier 50 Index as Nigeria prepares to return to Frontier Market status after a three-year absence from the global index provider’s classification. The post FTSE Frontier 50 Index lists FirstHoldCo, Zenith, GTCO, Dangote Cement, Aradel, MTN as only Nigerian firms appeared first on Nairametrics .
FTSE Russell has added six Nigerian firms to its FTSE Frontier 50 Index, marking Nigeria's return to Frontier Market status after a three-year hiatus. The index, as of September 4, 2026, will include FirstHoldCo, Zenith, GTCO, Dangote Cement, Aradel, and MTN. This change will take effect from September 21, 2026, coinciding with Nigeria's reclassification from Unclassified to Frontier Market status.
The FTSE Frontier 50 Index, a subset of the broader FTSE Frontier Index Series, is composed of the 50 largest companies by market capitalization within the FTSE Frontier Index. Companies must first be part of the FTSE Frontier Index to qualify for the Frontier 50. The index is reviewed semi-annually in March and September, and calculated in real-time US dollars.
The methodology also caps a single market's weight at 20% to prevent any one market from dominating. The inclusion of these Nigerian firms is seen as an opportunity to enhance their visibility among global investors.
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Also reported by 1 other outlet
- Otedola speaks on FirstHoldCo’s inclusion in FTSE Frontier 50 Index premiumtimesng.com
