Tinubu’s reforms have put Nigerian economy on path of sustainable growth – Otedola
“The results are increasingly evident, top Nigerian companies now included on the FTSE Russell Frontier 50 Index, the NGX at historic highs, increased foreign direct investment and renewed economic confidence, a unified and more stable foreign exchange market, foreign reserves standing strong at about $55 billion, and so much more,” Mr Otedola added.
Following the restoration, big-cap equities like Dangote Cement, First HoldCO, MTN Nigeria, GTCO, Nestle Nigeria, Nigerian Breweries, Stanbic IBTC Holdings, Aradel Holdings, Presco and Zenith were admitted to FTSE Russell’s Frontier Index Series, effective this month.
Quoting the companies in the Frontier Index Series provides them with broader visibility among international investors than their primary listing on the Nigerian Exchange in Lagos.
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