The Chairman of First HoldCo Plc, Femi Otedola, has described the company’s inclusion in the FTSE Frontier 50 Index as a “defining milestone” in the evolution of the financial services group. FirstHoldCo is scheduled to join the FTSE Frontier 50 Index, a benchmark tracking leading and investable companies across frontier markets, effective 21 September 2026. The inclusion places FirstHoldCo among six Nigerian companies represented in the index.
It is expected to strengthen its visibility among global institutional investors seeking exposure to Nigeria and other frontier markets. Mr Otedola, in a statement issued on Monday, said the development affirmed the transformation the company is undertaking and the confidence investors continue to place in the institution. “Our inclusion in the FTSE Frontier 50 Index is a defining milestone in FirstHoldCo’s evolution.
“It affirms the transformation we are driving, the confidence investors continue to place in our institution, and the strength of our governance and business model. “We remain focused on building a stronger, more profitable and globally competitive financial services group, while delivering superior and sustainable value to shareholders,” he said. The FTSE Frontier 50 Index comprises companies that meet stringent requirements relating to market capitalisation, liquidity, free float, governance and investability.
FirstHoldCo said its inclusion followed a period of strong market performance and sustained investor interest, supported by improved financial results, strategic execution, enhanced governance and its focus on long-term shareholder value. The company said the development was more than an index listing, describing it as an independent recognition of its scale, governance standards, market depth and long-term value proposition.
It said the inclusion could also lead to deeper liquidity, increased participation by institutional investors and greater access to global capital. Asset managers, exchange-traded funds, pension funds, and other investors that track frontier-market opportunities are expected to take a greater interest