Firstholdco joins ftse frontier 50 index, strengthening global investor access and market visibility

FirstHoldCo Plc is set to enter the FTSE Frontier 50 Index on 21 September 2026, placing the Nigerian financial services group among companies tracked by investors in frontier markets.

The index selects companies using criteria that include market capitalisation, liquidity, free float, governance and investability. FirstHoldCo’s inclusion, alongside five other Nigerian companies, reflects what the group describes as its stronger market position, improved liquidity profile and growing appeal to domestic and international investors.

The company said the move could bring deeper liquidity, broader institutional participation and greater visibility among asset managers, exchange-traded funds and pension funds that follow frontier-market opportunities. It also said the recognition provides a stronger platform for engagement with long-term global capital.

FirstHoldCo linked the milestone to strong market performance, improved financial results, strategic execution and enhanced governance standards. The group said it has met the Central Bank of Nigeria’s minimum capital requirement and remains focused on strengthening its capital base, financial resilience and capacity for growth.

Group Chairman Femi Otedola called the development “a defining milestone in FirstHoldCo’s evolution” and said it affirmed the transformation underway at the company. The group presented the inclusion as part of its ambition to become one of Africa’s most respected and valuable financial services institutions.

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Our inclusion in the FTSE Frontier 50 Index is a defining milestone in FirstHoldCo’s evolution. It affirms the transformation we are driving.