Foremost Capital Limited, a newly established asset management firm licensed by Nigeria’s Securities and Exchange Commission (SEC), has achieved a major milestone, surpassing N60 billion in Assets Under Management (AUM) within just six months of commencing operations. This rapid accumulation of capital comes at a time when many investors in Nigeria’s volatile market are reportedly withdrawing funds from other entities.
The firm, which offers a diverse portfolio of conventional and Shariah-compliant investment products, including portfolio management, fund management, liquidity optimisation, and financial advisory services, attributes its swift growth to an innovation-driven approach and a focus on redefining wealth creation for clients across Nigeria and beyond.
Emmanuel Akehomen, managing director and CEO of Foremost Capital, confirmed the impressive AUM figure to journalists on the sidelines of a recent investment forum in Abuja. He underscored the board’s vision 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.
Akehomen noted that 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.
He further emphasised the company’s operational philosophy, stating: “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 six 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.”
Foremost Capital’s strategic mission, according to Akehomen, is to revolutionise 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.
Looking ahead, the managing director hinted at significant product launches on the horizon. The firm plans to introduce both naira- and dollar-denominated Mutual Fund products, which will span conventional as well as Shariah-compliant structures, catering to a broader investor base seeking diversified opportunities.
To enhance investor satisfaction and streamline service delivery, these mutual fund products will be complemented by the launch of the Foremost Capital App. This digital platform is designed to provide clients with sustainable and competitive risk-adjusted returns alongside seamless access to their investments, supporting the firm’s rapidly expanding client base.
According to analysis, Foremost Capital’s rapid ascent and strategic product pipeline position it as a dynamic force in Nigeria’s asset management sector, aiming to capitalise on evolving investor demands and the increasing appetite for diversified, ethically-sound investment opportunities.
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