Key Points
- DataPro has assigned Foremost Capital Ltd. a BBB+ credit rating with a stable outlook.
- The rating agency cited the company’s financial strength, liquidity, capitalisation, profitability and growing asset base.
- Foremost Capital says the rating will support efforts to pursue larger mandates and strengthen investment performance.
Main Story
Foremost Capital Ltd. has received a BBB+ credit rating from DataPro, with the agency citing improvements in the asset management company’s financial and operational position.
The rating, which comes with a stable outlook, was based on an assessment of the company’s financial strength, liquidity, capitalisation, profitability and asset growth.
Foremost Capital said the assessment provided an independent indication of its ability to meet financial obligations and manage clients’ investments.
DataPro also highlighted growth in the company’s assets under management (AUM), which rose by 250 per cent between July and December 2025.
The assessment covered Foremost Capital’s revenue generation and ability to sustain earnings, alongside its governance, risk management, internal controls and compliance systems.
The company said the rating further strengthened its position as a Securities and Exchange Commission (SEC)-licensed participant in the Nigerian capital market.
It added that the assessment reflected progress in its overall financial and operational performance since it commenced operations less than two years ago.
The Managing Director and Chief Executive Officer of Foremost Capital, Emmanuel Akehomen, said the rating demonstrated the strength of the company’s governance and its ability to maintain liquidity and operational resilience.
He said the company would build on the improved market standing by seeking larger mandates and enhancing portfolio performance.
Akehomen added that Foremost Capital would maintain disciplined risk management while developing investment strategies focused on delivering long-term value to investors.
The Issues
The BBB+ rating provides an external assessment of Foremost Capital’s financial position and operational capacity as the company continues to expand its asset base.
The 250 per cent increase in AUM between July and December 2025 was among the indicators considered in DataPro’s assessment, alongside profitability, liquidity, governance and risk management.
What’s Being Said
“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.” — Emmanuel Akehomen
What’s Next
Foremost Capital plans to use the stronger market position to pursue larger mandates, improve portfolio performance and develop investment strategies aimed at generating long-term value for investors.
Bottom Line
The BBB+ rating gives Foremost Capital an independent assessment of its financial and operational strength as the asset management company continues to grow its assets and pursue expansion in Nigeria’s capital market.
