Market capitalisation increased significantly after certain Nigerian stocks were added to a global index. The value rose by N239 billion at the end of trading on Thursday. Global index provider FTSE Russell had confirmed the eligibility of Nigerian equities in various categories.

Several major companies are now part of the index, including well-known firms in the cement, banking, and telecommunications sectors. A review of the index took place, resulting in the inclusion of 31 Nigerian stocks.

Further information on the index review and the companies involved can be found through the source. The addition of these stocks has had a positive impact on investor wealth.