Foreign Investors Target Nigerian Tier-One Banks On FTSE Frontier Return

…As Equities Market Gains N526bn In 2 Trading Days
Foreign institutional investors returned to the Nigerian Exchange as FTSE Russell officially restored Nigeria’s Frontier Market status, triggering selective buying across tier-one banking stocks.
The reclassification, which took place on September 21, 2026, lifted the NGX All-Share Index to 250,614.66 points from 249,804.56 points on Friday, September 18, representing a 0.32 per cent increase and an all-time high. Market capitalisation also edged up by N526 billion from N162.157 trillion to N162.683 trillion.
The measured start signals that the influx of global tracker funds is still in its early days, and that a more pronounced m...