Foremost Capital Limited, one of Nigeria’s rapidly growing asset management firms, has secured an investment-grade BBB+ rating from DataPro, a leading Nigerian credit rating agency and compliance consulting firm.
The rating, based on DataPro’s assessment of the company’s key performance indicators, marks a significant milestone for Foremost Capital less than two years after commencing operations.
The BBB+ rating represents an independent assessment of the company’s financial strength, operational capacity and overall performance.
It also signals to clients, investors, counterparties, regulators and the wider market the management’s commitment to maintaining world-class standards across its business operations.
According to the assessment, Foremost Capital demonstrated a strong liquidity position, enhancing its capacity to meet financial obligations and effectively manage clients’ investment activities.
The rating also recognised improvements in the company’s capitalisation, profitability, asset base and overall financial position.
The company recorded a 250 per cent growth in assets under management between July and December 2025, underscoring its expanding presence and growing capacity within Nigeria’s investment management industry.
DataPro’s assessment further indicated a stable outlook for the company, while highlighting its improving revenue generation and growing capacity to generate sustainable earnings.
The BBB+ rating also reflects the strength of Foremost Capital’s governance and risk management framework, including its internal controls and compliance structures, which are critical to supporting sustainable growth.
As a Securities and Exchange Commission (SEC)-licensed asset management company, the rating further reinforces Foremost Capital’s position as a compliant participant in Nigeria’s capital market.
Commenting on the achievement, the Managing Director/Chief Executive Officer of Foremost Capital, Emmanuel Akehomen, described the BBB+ rating as a significant 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.
“We intend to leverage this strengthened market credibility to attract high-value mandates and optimise 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,” Akehomen said.
Investment experts said the improved rating demonstrates Foremost Capital’s commitment to quality service delivery, best-practice standards and sustainable growth, while positioning the company to deepen its contribution to Nigeria’s asset management industry.
