FTSE Russell reclassification: NGX investors gain N228bn as market sustains 8-day rally

A fresh chapter has opened for the Nigerian Exchange Limited, NGX, following FTSE Russell’s reclassification of Nigeria from Unclassified to Frontier Market status on Monday, September 21, 2026.
The development triggered a N228 billion gain for investors as the capital market sustained its eight-day rally on Monday.
Specifically, NGX market capitalisation, which opened at N162.157 trillion, appreciated by N228 billion, or 0.14 per cent, to close at N162.385 trillion.
Similarly, the All-Share Index, ASI gained 0.14 per cent, or 352.24 points, to close at 250,156.80, compared with 249,804.56 recorded on Friday.
Interestingly, the market’s year-to-date, YTD return rose to 60.76 per c...