Business

Foremost Capital Surpasses N60Bn In Assets Within 6 Months

Published

3 months ago

July 21, 2025

… To Launch Naira and USD-denominated Mutual Fund Products

Jeph Bisi

Foremost Capital Limited, one of the SEC-licensed asset management companies in the country, has recorded a major feat in its investment drive with its Assets Under Management (AUM) surpassing N60 billion within six months of operations.

The company is offering a diverse range of conventional and Shariah-compliant investment products, including portfolio management, fund management, liquidity optimization, and financial advisory services.

The impressive performance of the innovation-driven investment company, now currently redefining wealth creation for clients across Nigeria and beyond, is coming at a time when many investors are pulling out their funds from other entities.

Speaking on the achievements of the client-focused and futurist company, the Managing Director/CEO, Mr. Emmanuel Akehomen, told journalists at the sidelines of an investment forum held weekend in Abuja that the vision of the Board is to transform Foremost Capital into Africa’s most trusted and innovative asset manager, pioneering the convergence of conventional and ethical Investment solutions to unlock sustainable value for clients.

He explained: “The unparalleled growth recorded in the short span of its operations has continued to solidify the company’s position not as a new entrant, but as a purpose-driven and performance-oriented market player that is determined to be at the forefront of the asset management industry in Nigeria.

“Our company operates with an unwavering commitment to transparency, client success, and strategic transformation, admirable traits that continue to distinguish it in a crowded marketplace.

“Within the first 6 months of operations, we have been able to surpass N60 billion in Assets Under Management, a clear testament to the confidence that investors have demonstrated in the products and services offered by the company”, the investment expert added.

According to Akehomen, Foremost Capital’s strategic mission is to revolutionize the asset management landscape in Nigeria through innovation, discipline, and a client-first philosophy, with a bold vision to bridge the gap between conventional and ethical investments.

On the management’s future plans for the company, he hinted that the company would soon launch some Naira and USD-denominated Mutual Fund products, spanning both conventional and Shariah-compliant structures.

This is even as the investment expert disclosed that to achieve robust investor satisfaction, the mutual funds products would be complemented by the launch of the Foremost Capital App to provide sustainable and competitive risk-adjusted returns and seamless service delivery to its rapidly growing clients.

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Business

NEXIM Bank Secures Bbb+ Rating from Agusto & Co., Declares ₦30.47 Billion Operating Profit

Published

4 days ago

October 2, 2025

The Gleamer

By Joel Ajayi

The Nigerian Export-Import Bank (NEXIM) has been assigned a Bbb+ rating by leading credit rating agency Agusto & Co. Limited, affirming its satisfactory financial condition and strong capacity to meet obligations relative to other development finance institutions (DFIs) in Nigeria.

For the year ended 2024, NEXIM Bank reported an operating profit of ₦30.47 billion, more than double the ₦13.75 billion recorded in the previous year. This remarkable growth underscores the Bank’s financial resilience and operational efficiency.

Established to promote Nigeria’s non-oil exports and support import-substituting businesses, NEXIM is fully owned by the Federal Government of Nigeria through equal shareholding by the Central Bank of Nigeria (CBN) and the Ministry of Finance Incorporated (MOFI).

The Bank has sustained strong liquidity and capital adequacy ratios, alongside notable growth in its loan book and equity investments. Key sectors supported include manufacturing, agriculture, solid minerals, and services.

According to Managing Director, Mr. Abba Bello, NEXIM has intensified its intervention in the non-oil export sector, disbursing over ₦495 billion and facilitating the creation and sustenance of more than 36,000 direct and indirect jobs.

Among the Bank’s key initiatives are:The Regional Sealink Project: A public-private partnership designed to improve maritime logistics across West and Central Africa. Promotion of Factoring Services: Offering alternative export financing solutions for SMEs. And Joint Project Preparation Fund (JPPF): Implemented in partnership with Afreximbank to enhance the bankability of export projects.

Additionally, NEXIM is developing tailored financing schemes for the mining sector, including Contract Mining, Equipment Leasing, and Buyers’ Credit/ECA Financing, aimed at unlocking export potential and boosting foreign exchange earnings.

With its renewed drive, NEXIM Bank remains committed to building local processing capacity, advancing Nigeria’s competitiveness in global trade, and strengthening non-oil export revenues by moving up the commodity value chain.

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