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Leadership (NG)·September 9, 2026 at 8:12 AM

FTSE Russell has included six Nigerian companies in its FTSE Frontier 50 Index, according to Leadership. Three Nigerian lenders—First HoldCo, Zenith Bank and Guaranty Trust Holding Company (GTCO)—joined the index ahead of a market reclassification, alongside Dangote Cement, MTN Nigeria Communications and Aradel Holdings. The index tracks the performance of major companies in frontier markets, and the inclusion of the banks underscores the growing prominence of Nigeria's financial sector among investors.

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FTSE RussellNigerian banksFrontier 50 IndexZenith BankGTCOstock market

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