FTSE Russell has added 10 Nigerian companies to its FTSE Frontier Index Series as Nigeria prepares to return to Frontier Market status after a three-year absence.
The companies listed are Aradel Holdings, Dangote Cement, First HoldCo, GTCO, MTN Nigeria Communications, Nestlé Nigeria, Nigerian Breweries, Presco, Stanbic IBTC Holdings and Zenith Bank.
The inclusion follows FTSE Russell’s decision to reclassify Nigeria from “Unclassified” to Frontier Market status, effective from the opening of trading on September 21, 2026.
The FTSE Frontier Index Series tracks large, mid and small-cap companies across eligible frontier markets and serves as a benchmark for investors and index-tracking products.
