First HoldCo Plc will join the FTSE Frontier 50 Index effective September 21, 2026. The inclusion follows FTSE Russell’s semi-annual review and coincides with Nigeria’s return to Frontier Market status. This development aims to increase visibility among global fund managers and institutional investors.
Chairman Femi Otedola described the move as a defining milestone for the company’s governance and business model. The transition is expected to improve stock liquidity and provide greater access to global capital. FTSE Russell announced the update on September 8, though no specific market reaction was recorded on September 9.