FTSE Russell Includes 10 Nigerian Firms in Frontier Index

FTSE Russell has announced the inclusion of 10 Nigerian companies in its FTSE Frontier Index Series, marking Nigeria's return to Frontier Market status after a three-year absence. This decision was revealed in the September 2026 review of the Index, as reported by Nairametrics.

The companies added to the index are Aradel Holdings, Dangote Cement, First HoldCo, Guaranty Trust Holding Company (GTCO), MTN Nigeria Communications, Nestlé Nigeria, Nigerian Breweries, Presco, Stanbic IBTC Holdings, and Zenith Bank. The reclassification of Nigeria from Unclassified to Frontier Market status will take effect at the start of trading on September 21, 2026.

The FTSE Frontier Index Series serves as a benchmark for large, mid, and small-cap companies across eligible Frontier markets, providing a performance benchmark for investors and a basis for index tracking products.