Ahead of Nigeria’s return to Frontier Market status on September 21, 2026, FTSE Russell has confirmed 31 stocks eligible for its index series.
These stocks comprise three broad categories, which consist of large-cap, mid-cap and small-cap stocks.
Designated as “newly eligible” in the index provider’s September 2026 annual review file, the cleared equities span key sectors in Nigeria’s economy, including agriculture, hospitality, construction, healthcare, aviation, insurance, banking, telecommunications, cement, and consumer goods sectors.
The large-cap stocks are Guaranty Trust Holding Company, Zenith Bank, MTN Nigeria Communications, Dangote Cement, and Stanbic IBTC Holdings. Others include First HoldCo, Nestlé Nigeria, Nigerian Breweries, Presco, and Aradel Holdings.
The mid-cap stocks include: Access Bank, Dangote Sugar Refinery, FCMB, Fidelity Bank, Guinness Nigeria, Oando, Okomu Oil Palm, Unilever Nigeria, United Bank for Africa, and Wema Bank.
