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.
“Within the first 6 months of operations, we have been able to surpass ₦60 billion in Assets Under Management,” Akehomen said. “This is a clear testament to the confidence that investors have demonstrated in the products and services offered by the company.”
Founded with a bold mandate to redefine wealth creation for Nigerians and the broader African market, Foremost Capital is targeting clients seeking both financial performance and ethical alignment in their portfolios.
The firm offers portfolio management, fund management, liquidity optimization, and financial advisory services tailored to both institutional and retail investors.
“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,” Akehomen added. “Our company operates with an unwavering commitment to transparency, client success, and strategic transformation.”
Despite macroeconomic uncertainty in Nigeria, Foremost Capital has managed to capture significant inflows, positioning itself as a compelling alternative in a market crowded with legacy players.
The company’s dual-track investment approach — combining conventional and Islamic finance principles — appears to be gaining traction among investors seeking both returns and values-based financial instruments.
Akehomen revealed that the company is finalising plans to introduce a range of mutual funds. These will span both conventional and Shariah-compliant structures, and be available in local and foreign currency denominations.
“To achieve robust investor satisfaction, the mutual funds products would be complemented by the launch of the Foremost Capital App,” he said, describing it as a digital platform designed to deliver “sustainable and competitive risk-adjusted returns and seamless service delivery to its rapidly growing clients.”
Foremost Capital’s emergence coincides with a period of reconfiguration in Nigeria’s asset management industry, as investors demand more transparency, digital accessibility, and diversification across currencies and investment philosophies.
