Nigerian Exchange Group & London Stock Exchange Group — FTSE Russell

Nigerian Exchange Group: The Nigerian Exchange Group is the domestic equity market in Nigeria that transitioned to a T+1 settlement cycle, which is the subject of London Stock Exchange Group — FTSE Russell's review and could affect its liquidity and foreign portfolio participation.

London Stock Exchange Group — FTSE Russell: London Stock Exchange Group — FTSE Russell is the global index provider that is reviewing Nigeria's reclassification to Frontier Market status, impacting its decision-making process.

Nigerian Exchange Group: Proposed member of steering committee; market infrastructure and trading performance under review.

London Stock Exchange Group — FTSE Russell: Conducting parallel Frontier Market review of Nigeria; assessment influenced by T+1 settlement migration.

Nigerian Exchange Group: NGX All-Share Index surged, driven by financial services stocks, with a 2.27% gain on July 8 and year-to-date return of 55.81% in local currency.

London Stock Exchange Group — FTSE Russell: London Stock Exchange Group — FTSE Russell delayed its decision on Nigeria's return to its Frontier Market Index, pending assessment of T+1 settlement impact.

Nigerian Exchange Group: The exchange has facilitated the large insider trades and benefited from increased trading activity. It is also scheduled for FTSE Russell index reclassification, which could attract more foreign investment.

London Stock Exchange Group — FTSE Russell: Nigeria's expected reclassification into the London Stock Exchange Group — FTSE Russell Frontier Market Index is a catalyst for foreign investment, potentially boosting First HoldCo's stock further.