Business

Foremost Capital Surpasses N60Bn In Assets Within 6 Months

Published

4 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

TAJBank Emerges Nigeria’s Biggest Non-Interest Bank

Published

2 weeks ago

October 23, 2025

The Gleamer

Cyril Ogar

After five years of operations in Nigeria’s rapidly evolving non-interest banking (NIB) space, TAJBank Limited has become the biggest player in the NIB subsector based on its total assets and gross earnings values.

Disclosing this during his paper presentation on the key performance indices in the non-interest banking space over the past few years at a seminar organized by Leaders Corporate Services with the theme “Roles of Non-Interest Banks In SMEs’ Financing” for SME entrepreneurs yesterday in Abuja, an investment expert, Mr. Olabode Akeredolu-Ale, maintained that based on the non-interest banks’ approved financial statements for the half year 2025, TAJBank currently remained the biggest in terms of its total assets.

The expert, a chartered stockbroker, specifically confirmed that his recent investment researches on the NIBs and their financial performances showed that TAJBank, with its total assets rising to N1.017 trillion in half year 2025 up from N953.098 billion as of December 2024, which is about N53 billion higher than the nearest NIB’s assets, now ranked top in the banking subsector.

According to him, TAJBank’s gross earnings for H1 2025 also surged to N53.752 billion from N32.86 billion as of December 2024, representing a 64% growth, and higher than the nearest NIB’s gross earnings in the period under review.

This is even as he disclosed that on the NIBs’ earnings per share during the half year, TAJBank reported N61.36 kobo earnings per share, about 92% higher than the earnings per share of the next NIB during the period.

Akeredolu-Ale, who is also a chartered accountant, clarified: “The figures I am reeling out here on the NIBs are sourced from the banking and capital market regulatory institutions’ platforms, which anyone can access to verify.

“I am part of this event because of my research interest in non-interest banking and how the players in the subsector in Nigeria can help to leverage their competencies in innovation and ethical banking to support our MSMEs.

“Today, the MSMEs cannot access DMBs’ loans due to high lending rates and other inclement macroeconomic factors. This is where I think the NIBs have become very crucial to Nigeria’s economic growth.

“Overall, my findings on the NIBs indicated that they are all trying their best with non-interest loans to support entrepreneurs, particularly the MSMEs owners. I have advised those of them at this seminar to explore the cost-friendly financing options of the NIBs to grow their businesses by opening accounts with the NIBs”, the expert added.

Another speaker at the event, Benjamin Chukwudi, also commended the NIBs for their “catalytic roles in helping SMEs to access interest-free loans and providing them the needed financial management advisory, which have been helping them in sustaining their operations in the face of rising cost of doing business in the country.”

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