Foremost Capital Limited, a Securities and Exchange Commission (SEC)-licensed asset management firm, has crossed a major milestone in Nigeria’s fast-evolving investment landscape, reporting Assets Under Management (AUM) in excess of ₦60 billion barely six months after commencing operations.
The Abuja-based firm, which is carving a niche through a mix of conventional and shariah-compliant investment products, is now preparing to launch a suite of mutual funds denominated in both Naira and US dollars — a move designed to expand investor access to diversified asset classes amid rising demand for alternative investment solutions.
Speaking over the weekend at an investment forum in Abuja, Emmanuel Akehomen, the company’s Managing Director and Chief Executive Officer, described the AUM growth as “unparalleled,” noting that it affirms the confidence investors have placed in the company’s strategy and offerings.