FTSE Russell admits Dangote Cement, MTN Nigeria, First HoldCo, others to Frontier Index Series
FTSE Russell, a London-based provider of global stock market indices, has added MTN Nigeria, Dangote Cement, First HoldCo, and seven other Nigerian public companies among the qualified equities for its Frontier Index Series, effective from 21 September.
On Wednesday, Dangote Cement, one of the most capitalised of the 10 stocks, announced that it will host a capital markets day in London this month, in preparation for its proposed secondary listing on the London Stock Exchange.7% Nigeria’s reclassification will come into force on the same day later this month when the inclusion of the stocks in the Frontier Index Series will be effected.
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