FCMB Asset Management Upgraded to A(NG)/A1(NG) by GCR

FCMB Asset Management has received an upgrade to A(NG)/A1(NG) from GCR Ratings, a leading pan-African credit rating agency. This upgrade is attributed to the company's competitive resilience, financial discipline, and a strengthened credit profile of its parent company, FCMB Group Plc.

GCR Ratings noted FCMB Asset Management's decade-long track record of strong performance, established brand franchise, diversified product suite, and robust distribution network as key drivers of its standalone strength. The company ranks among the top five asset managers in Nigeria, holding an estimated 5% market share as of December 31, 2025.

Financial performance indicators include a 30% revenue growth and a 13% increase in operational cash flow, enabling the business to fully fund itself without resorting to debt. Mr.

Jame Ilori, Chief Executive Officer of FCMB Asset Management, emphasized the importance of external validation for their strategic pursuits and the commitment to maintaining high standards in risk management and capital stewardship in Nigeria's asset management industry.