Otedola speaks on FirstHoldCo’s inclusion in FTSE Frontier 50 Index
In a market disclosure dated 4 September, FTSE Russell noted that the inclusion of FirstHoldco and others will come into force on 21 September. The post Otedola speaks on FirstHoldCo’s inclusion in FTSE Frontier 50 Index appeared first on Premium Times Nigeria .
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.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
