Business News of Friday, 4 September 2026

Source: www.dailypost.com

FTSE Russell Index review: Listing of 31 Nigerian Stocks triggers N239bn gain on NGX

The inclusion of 31 Nigerian stocks in the FTSE Russell Frontier Index Series has boosted investor wealth on the Nigerian Exchange Limited, NGX, with market capitalisation rising by N239 billion at the close of trading on Thursday.

DAILY POST reports that global index provider FTSE Russell recently confirmed the eligibility of Nigerian equities across three categories — large-cap, mid-cap and small-cap — ahead of Nigeria’s return to the Frontier Market on September 21, 2026.

Among the companies featured in the September 2026 FTSE Russell index review are First Holdco Plc, Dangote Cement Plc, MTN Nigeria Communications Plc, Guaranty Trust Holding Company Plc (GTCO) and Zenith Bank Plc.

Other Nigerian companies included in the index are Aradel Holdings Plc, Nestlé Nigeria Plc, Nigerian Breweries Plc, Presco Plc and Stanbic IBTC Holdings Plc.