First HoldCo Joins FTSE Frontier 50 Index, Boosting Visibility

First HoldCo Plc, Nigeria’s leading financial services holding company, has been included in the FTSE Frontier 50 Index, effective 21 September 2026. This inclusion positions First HoldCo alongside five other Nigerian companies recognized for their liquidity and investability in frontier markets.

The FTSE Frontier 50 Index serves as a benchmark for frontier market equities, comprising companies that meet stringent criteria for market capitalisation, liquidity, free float, governance, and investability. The admission of First HoldCo signifies its improved market position and appeal to both domestic and international investors.

The Group has met the Central Bank of Nigeria’s minimum capital requirement and is focused on strengthening its capital base and financial resilience. The anticipated benefits include enhanced liquidity, increased institutional participation, and improved access to global capital.

Mr. Femi Otedola, Group Chairman of First HoldCo Plc, stated that this milestone affirms the transformation and governance strength of the institution, reinforcing its ambition to become a respected financial services entity in Africa.