DataPro, a leading credit rating agency and compliance consulting firm in Nigeria, has assigned Foremost Capital Limited an investment-grade rating of BBB+, following an assessment of the company’s key performance indicators. The rating marks a significant milestone for the rapidly growing asset management firm, which has achieved notable progress in less than two years of operations.
The latest rating represents an independent recognition of Foremost Capital’s financial strength, operational capacity and commitment to maintaining world-class standards across its business operations. It also sends a positive signal to clients, investors, counterparties, regulators and other stakeholders about the company’s stability and growth prospects.
Specifically, DataPro’s BBB+ rating reflects Foremost Capital’s strong financial position, sound operating capacity and robust liquidity, which support its ability to meet financial obligations and effectively manage clients’ investment activities. The assessment also highlights improvements in the company’s capitalization, profitability, asset base and overall financial position.
Foremost Capital’s 250 percent growth in assets under management between July and December 2025 further demonstrates its expanding presence and growing capacity within Nigeria’s investment management industry. The rating, which carries a stable outlook, provides a positive indication of the company’s direction and potential for continued growth and improvement.
In addition, the rating reflects Foremost Capital’s improving revenue generation and increasing capacity to deliver sustainable earnings.
On governance and risk management, DataPro’s assessment recognized the importance of the company’s governance framework, risk management practices, internal controls and compliance structures in supporting sustainable growth. The rating also reinforces the position of the SEC-licensed asset management firm as a compliant participant in Nigeria’s capital market.
Commenting on the achievement, the Managing Director/CEO of Foremost Capital Limited, Emmanuel Akehomen, said the rating represents an important validation of the company’s progress and resilience.
«“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.”»
Investment experts said the improved rating demonstrates Foremost Capital’s commitment to delivering quality services to its growing clientele while adhering to best-practice standards. They noted that the company’s strategic approach and focus on sustainable growth position it to create value for investors and other stakeholders within Nigeria’s asset management industry.
