Kayode Tokede The market capitalisation of Dangote Cement Plc and five others that joined the FTSE Frontier 50 Index recently, increased to N60.97 trillion just last week amid high demand
The market capitalisation of six Nigerian firms, including Dangote Cement and five others that recently joined the FTSE Frontier 50 Index, rose to N60.97 trillion in one week, driven by strong investor demand. The other five companies added to the benchmark were Aradel Holding Plc, FirstHoldCo Plc, Guaranty Trust Holding Company (GTCO) Plc, MTN Nigeria Communications Plc, and Zenith Bank Plc. The additions followed Nigeria's reclassification from "Unclassified" to "Frontier Market" status due to reforms in the foreign exchange market and clearance of foreign exchange backlogs by the Central Bank of Nigeria.
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