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Nigerian Dual-Listed Stocks Rally on Frontier Index Return - BLOOMBERG

APRIL 08, 2026

By Emele Onu


Nigerian stocks with overseas listings outperformed Wednesday after index provider FTSE Russell said it would allow the country’s equities to return to its frontier-markets benchmark later this year.

While Nigeri’s main NGX 30 index rose 0.3%, Airtel Africa Plc which trades in Lagos as well as London, jumped by the maximum daily limit of 10%. Seplat Energy Plc and Guaranty Trust Holdings Co. Plc, two other dual-listed firms, also rallied, as did Zenith Bank Plc which plans to list in London next year.

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