Dangote Cement and Five Firms Boost Market Value to N60.97tn

The market capitalization of Dangote Cement Plc and five other companies that joined the FTSE Frontier 50 Index recently rose to N60.97 trillion amid strong global investor demand. Effective September 18, 2026, the companies included are Aradel Holding Plc, FirstHoldCo Plc, Guaranty Trust Holding Company (GTCO) Plc, MTN Nigeria Communications Plc, and Zenith Bank Plc.

As of September 18, 2026, their combined market capitalization was N60.44 trillion, reflecting a 0.88% Week-on-Week increase by September 25, 2026. In this period, MTN Nigeria Communications experienced a 3.03% decline in stock price, closing at N863 per share, while FirstHoldCo dipped by 2.13% to N156.6 per share.

Aradel Holdings also saw a decrease of 1.29%. Conversely, GTCO gained 5.38%, increasing its market capitalization to N5.54 trillion, and Zenith Bank advanced to N5.54 trillion as well.

Dangote Cement's market capitalization rose by 1.59% to N17.99 trillion. The inclusion of these companies followed Nigeria's reclassification to "Frontier Market" status by FTSE Russell, supported by reforms from the Central Bank of Nigeria.