FTSE Russell Frontier Market Inclusion

Nigerian equities linked to FTSE Russell benchmarks surged in early trading, driven by investor optimism. FTSE Russell confirmed 31 Nigerian stocks eligible for its Frontier Index Series, with reclassification to Frontier Market status set for September 21, 2026.

FTSE Russell has reinstated Nigeria's status in its Frontier Index Series, adding 10 Nigerian companies as eligible large-cap stocks. This reclassification, effective September 21, 2026, follows improvements in foreign exchange liquidity and capital repatriation mechanisms.

FTSE Russell has included 10 Nigerian companies in its FTSE Frontier Index Series, marking Nigeria's return to Frontier Market status on September 21, 2026, after being classified as "Unclassified" in September 2023.