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…
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