RMB Nigeria Asset Management Limited has climbed two notches to earn an 'A+' credit rating from Agusto & Co. for its money market fund. The upgrade underscores the fund's solid performance amid Nigeria's shifting economic conditions.
Agusto & Co. cited the fund's high-quality assets, strong liquidity position, and disciplined risk management as reasons for the rating jump. The move reinforces the fund's standing as a trustworthy investment choice in the local financial market.
Kike Mesubi, chief executive officer at RMB Nigeria Asset Management, said the upgrade validates the rigorous discipline that drives the firm's investment approach. "This rating strongly endorses the quality and consistency that guide our fund management portfolio," he told reporters.
Mesubi added that the company remains committed to protecting capital, delivering competitive returns, and managing risk carefully. Despite tighter market conditions and falling yields across fixed-income investments, the fund has stayed among the top performers in its category.
The CEO noted that balancing risk and reward remains central to the fund's purpose. He said the upgraded rating will help build investor trust and grow the company's share of Nigeria's wealth management market.
"We view this progress as part of a broader trajectory," Mesubi said. "We will continue to leverage our global network, corporate governance architecture, and local market insight to support our clients and expand the fund responsibly."
RMB Nigeria Asset Management is a wholly owned subsidiary of FirstRand Limited, a South Africa-based firm. The company blends international standards with local expertise to manage and grow client wealth.
