Foremost Capital earns BBB+ rating as AUM surges 250%
Foremost Capital Limited has secured a BBB+ investment grade rating from DataPro, a leading Nigerian credit rating and compliance consulting firm, in recognition of the asset management company’s financial strength, operational capacity and governance standards.
The rating, achieved less than two years after the company commenced operations, provides an independent assessment of Foremost Capital’s financial position and growing presence in Nigeria’s investment management industry.
DataPro’s assessment highlighted the company’s strong liquidity position and ability to meet its financial obligations and effectively manage clients’ investment activities. It also noted improvements in Foremost Capital’s capitalisation, profitability, asset base and overall financial position.
The rating comes against the backdrop of a 250 percent increase in the company’s assets under management between July and December 2025, reflecting its rapid growth and expanding capacity in the investment management market.
DataPro also cited Foremost Capital’s improving revenue generation and growing ability to generate sustainable earnings as key factors supporting the rating.
The BBB+ rating further recognised the company’s governance, risk management, internal controls and compliance structures, which DataPro said were important to supporting its growth and long-term stability.
As a Securities and Exchange Commission (SEC)-licensed asset management firm, the rating also reinforces Foremost Capital’s position as a compliant participant in Nigeria’s capital market and provides an independent signal of its financial and operational strength to clients, investors, counterparties and regulators.
Commenting on the development, Foremost Capital’s Managing Director/Chief Executive Officer, Emmanuel Akehomen, described the rating as a major milestone for the company.
“This BBB+ rating from DataPro is a significant milestone, validating our robust governance, liquidity and operational resilience. For our clients, it serves as an independent assurance of our stability and capacity for sustainable growth,” he said.
Akehomen added that the company would use the stronger market credibility to attract more high-value mandates and improve portfolio performance.
“Moving forward, we remain committed to deepening our market share through disciplined risk management and innovative investment strategies that consistently deliver superior, long-term value for our investors,” he said.
The company said the rating reflects its commitment to delivering quality investment services while maintaining best-practice standards and building sustainable value for clients and other stakeholders.
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