Foremost Capital Limited has secured a BBB+ credit rating from DataPro, an independent Nigerian credit-rating and compliance consulting firm, in a move that underscores the asset manager’s strengthening financial position and operating capacity less than two years after commencing operations.
The rating places Foremost Capital among investment-grade companies assessed by DataPro and provides an independent evaluation of the firm’s financial strength, liquidity, capitalization, profitability and overall operating position.
It also offers clients, investors, counterparties and regulators an external measure of the company’s ability to meet its obligations and manage investment mandates.
DataPro’s assessment highlighted Foremost Capital’s strong liquidity position and improving capitalisation, asset base and profitability.
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The rating also took into account the company’s expanding assets under management, which increased by 250% between July and December 2025, reflecting rapid growth in its market presence and investment-management capacity.
The rating comes with a stable outlook, indicating DataPro’s assessment of the company’s current trajectory and potential for further improvement. It also points to stronger revenue generation and the company’s increasing ability to generate sustainable earnings as its operations expand.
Beyond financial metrics, DataPro’s assessment considered Foremost Capital’s corporate governance, risk-management framework, internal controls and compliance structures.
The findings reinforce the company’s status as a Securities and Exchange Commission-licensed asset manager operating within Nigeria’s regulated capital-market framework.
Emmanuel Akehomen, managing director and chief executive officer of Foremost Capital, described the 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,” Akehomen said. “For our clients, it serves as an independent assurance of our stability and capacity for sustainable growth.”
The BBB+ assessment marks another step in the company’s strategy to establish itself as a credible participant in Nigeria’s increasingly competitive asset-management market, while pursuing sustainable growth and long-term value for clients and other stakeholders.
Akehomen said the company would use the stronger market standing to pursue larger mandates while improving 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.
The rating provides an external benchmark for a company that has expanded rapidly since entering the market, particularly as Nigeria’s investment-management industry faces growing demand for stronger governance, transparency and risk controls.
Industry observers said the assessment signals progress in Foremost Capital’s effort to build an institutional platform around service quality, compliance and disciplined investment management.
They said the company’s growth in assets under management, alongside improvements in its financial profile, could strengthen its ability to compete for larger institutional and high-net-worth mandates.
Foremost Capital said it plans to build on the rating by expanding its market presence, strengthening its investment capabilities and maintaining robust governance and risk-management standards.
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