We are

We are the Guide, the Sage, the Mentor.

Agusto & Co. is a Pan-African Credit Rating Agency and a leading provider of industry research and knowledge in Nigeria & Sub-Saharan Africa.

Our Services

We are a Pan African
leader in credit ratings

We are a leading provider of industry analysis

We are an Approved Green Bond Verifier by the Climate Bonds Initiative

Our client-specific research enjoys strong synergies…

Agusto Market Intelligence (AMI)

A platform where we share our research and knowledge of key
industries and provide access to our credit risk ratings across sub-Saharan Africa

Updates

Company Rating Expiry Date
ValuAlliance Asset Management Limited
A(IM) Apr 14 , 2025
AVA Global Asset Managers…
BBB(IM) Feb 28 , 2025
AXA Mansard Money Market…
A+(f) Dec 31 , 2024
Chapel Hill Denham Money…
A+(f) Apr 03 , 2025
Tempo Paper Pulp and…
Bbb- Jun 30 , 2024
SEE MORE

  • 20 May, 2024

    Stakeholders worried as NGX delists 1.31 billion shares of Ardova


    The Guardian | Read More
  • 20 May, 2024

    Equity investors record N8bn gain in one week


    Punch | Read More
  • 20 May, 2024

    Global petrol price rises by 20%


    Punch | Read More

Speaking Engagements

We assist organizations during their strategy & management sessions
to review their performance and financial focus.

Insights & Publications

Can Nigeria Turn the Tide?

Can Nigeria Turn the Tide?

In a month, the administration of President Bola Ahmed Tinubu would have crossed the 1-year milestone. With plans well underway to render an account of its accomplishments and instill confidence

The CBN Reviews Capital Requirement for Banks: Our Perspective

The CBN Reviews Capital Requirement for Banks: Our Perspective

The Central Bank of Nigeria (CBN), on 28 March 2024 reviewed the capital requirement for commercial banks, merchant banks and non-interest banks operating in Nigeria. The CBN believe the recapitalisation

Beyond the Hike: Nigeria’s Multifaceted Fight for Stability

Beyond the Hike: Nigeria’s Multifaceted Fight for Stability

It is our position that the Central Bank of Nigeria's (CBN) recent endeavors to stabilise the naira, following its plunge to an all-time low of ₦1900/$ at the parallel market

The Naira’s Transition amid Turbulence: Staying the Course on the Path to Stability

The Naira’s Transition amid Turbulence: Staying the Course on the Path to Stability

The unfolding narrative on the naira in recent weeks has been nothing short of dramatic. After breaching the ₦1,000 threshold for the first time at the official foreign exchange (FX)

2024: A Year of Reckoning, Turning Points and Balancing Acts

2024: A Year of Reckoning, Turning Points and Balancing Acts

In 2024, the impact of the policy-induced shocks, which cascaded through the Nigerian economy in 2023 and severely weakened the macro picture, are expected to linger, leaving even the most

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Finance & Leasing

COMPANY RATING EXPIRY OUTLOOK COUNTRY
FundQuest Financial Services Limited Bbb- Jun 30 , 2024 Stable Nigeria
C&I Leasing Plc's Series II ₦10 Billion Bond Bbb+ Jun 30 , 2024 Stable Nigeria
Fewchore Finance Company Limited Bbb- Jun 30 , 2024 Stable Nigeria
C&I Leasing Plc Bbb- Jun 30 , 2024 Stable Nigeria
Credit Direct Limited Bbb Jun 30 , 2024 Stable Nigeria
Fast Credit Limited Bbb Jun 30 , 2024 Stable Nigeria

Corporates

COMPANY RATING EXPIRY OUTLOOK COUNTRY
Tempo Paper Pulp and Packaging Plc Bbb- Jun 30 , 2024 Stable Nigeria
Lagos Free Zone Company Bbb Jun 30 , 2025 Stable Nigeria
Dangote Sugar Refinery PLC A+ Jun 30 , 2024 Stable Nigeria
African Non-Ferrous Industries Limited A- Jun 30 , 2024 Stable Nigeria
Paras Energy and Natural Resources Development Limited Bbb+ Jun 30 , 2024 Stable Nigeria
Nigerian Breweries PLC A+ Jun 30 , 2024 Stable Nigeria
Paras Energy and Natural Resources Development Limited Bbb+ Jun 30 , 2024 Stable Nigeria
North South Power Company Limited A Jun 30 , 2024 Stable Nigeria
African Foundries Limited Bbb+ Jun 30 , 2024 Stable Nigeria
Food Concepts Plc A Jun 30 , 2024 Stable Nigeria
Industrial and Medical Gases Nigeria Plc A+ Jun 30 , 2024 Stable Nigeria
African Steel Mills (Nigeria) Limited Bbb+ Jun 30 , 2024 Stable Nigeria
Odu'a Investment Company Limited A Jun 30 , 2024 Stable Nigeria
Lionseal Industries Limited Bbb- Jun 30 , 2024 Stable Nigeria
Saro Lifecare Limited Bbb+ Jun 30 , 2024 Stable Nigeria
Julius Berger Nigeria Plc A- Jun 30 , 2024 Stable Nigeria
African Steel Mills Bbb Jun 30 , 2024 Stable Nigeria
GEL Utility Limited Bbb+ Jun 30 , 2024 Stable Nigeria
Saro Agrosciences Limited Bbb Jun 30 , 2024 Stable Nigeria
Lafarge Africa Plc Aa- Jun 30 , 2024 Stable Nigeria
UAC of Nigeria PLC A- Jun 30 , 2024 Stable Nigeria
Sundry Foods Limited A- Jun 30 , 2024 Stable Nigeria
CapitalSage Technology Limited Bbb+ Jun 30 , 2024 Stable Nigeria
Romco Recycling Company Limited Bbb- Jun 30 , 2024 Stable Nigeria
Nisa Medical Group Limited Bbb Jun 30 , 2024 Stable Nigeria
BUA Cement PLC A+ Jul 31 , 2024 Stable Nigeria
Johnvents Industries Limited Bbb Jun 30 , 2024 Stable Nigeria
MTN Nigeria Communications PLC Aa+ Jun 30 , 2024 Stable Nigeria
Wemabod Limited A- Jun 30 , 2024 Stable Nigeria
TotalEnergies Marketing Nigeria Plc A- Jun 30 , 2024 Stable Nigeria
BB Landmark Realty Limited Bbb+ Jun 30 , 2024 Stable Nigeria
Flour Mills of Nigeria Plc A- Sep 30 , 2024 Stable Nigeria
GZ Industries Limited A Jun 30 , 2024 Stable Nigeria
Ibom Airlines Limited Bbb- Jun 30 , 2024 Stable Nigeria
Coleman Technical Industries Limited Bbb Jun 30 , 2024 Stable Nigeria
Geregu Power Plc Bbb+ Jun 30 , 2024 Stable Nigeria
Global Accelerex Limited Bbb Jun 30 , 2024 Stable Nigeria
Axxela Limited A- Jun 30 , 2024 Stable Nigeria

Corporate Bonds

COMPANY RATING EXPIRY OUTLOOK COUNTRY
LFZC Funding SPV Plc’s ₦25 Billion Bond  Aaa Mar 16 , 2025 Stable Nigeria
LFZC Funding SPV Plc’s ₦10.5 Billion Bond Aaa Sep 16 , 2025 Stable Nigeria
LFZC Funding SPV Plc’s ₦17.5 Billion Bond  Aaa Mar 16 , 2025 Stable Nigeria
River Jamieson SPV Limited’s ₦15.306 billion Series 1 and ₦2.25 billion Series 2 Bonds A Mar 14 , 2025 Stable Nigeria
River Jamieson SPV Limited’s ₦24.5 Billion Bond Bbb Dec 31 , 2024 Stable Nigeria
GPC-SPV Company PLC’s ₦20 Billion Bond Aaa Nov 23 , 2024 Stable Nigeria
MTN Nigeria Communications Plc's ₦89.99 Billion 10-Year Series II Bond Due 2031 Aa+ Sep 30 , 2024 Stable Nigeria
MTN Nigeria Communications Plc's ₦10 Billion Series 1 Bonds Due 2026 and ₦104.9 Billion Series 1 Bonds Aa+ Sep 30 , 2024 Stable Nigeria
Presco PLC's ₦34.5 billion Seven-Year Senior Unsecured Fixed Rate Bonds Due 2029 Aa- Jun 30 , 2024 Stable Nigeria
Sundry Foods Funding SPV PLC’s up to ₦5.5 Billion Five-Year Fixed Rate Senior Unsecured Bond Due 2028 A- Jun 30 , 2024 Stable Nigeria
Sundry Foods Funding SPV PLC’s ₦2.5 bil+B47lion 5-Year 13.5% Fixed Rate Bond Due 2026 A- Dec 15 , 2024 Stable Nigeria
BUA Cement PLC’s ₦115 billion 7.5% Seven-Year Senior Unsecured Fixed Rate Bond Due 2027 A+ Dec 31 , 2024 Stable Nigeria
GEL Utility Funding SPV PLC's ₦13 Billion Infrastructure Bond Due 2034 Aaa Aug 31 , 2024 Stable Nigeria
NECIT Nigeria Limited's Up to ₦10 billion Commercial Papers under the ₦20 billion Programme A Jun 30 , 2024 Stable Nigeria
MTN Nigeria Communications PLC's ₦110 Billion Seven-Year 13% Senior Unsecured Fixed Rate Series 1 Bond Aa+ Jun 30 , 2024 Stable Nigeria
ABC Transport Plc's ₦900 Billion Five-Year 16.5% Fixed Rate Senior Secured Bond Bbb- Jun 30 , 2024 Negative Nigeria
Flour Mills of Nigeria PLC’s ₦4.89 billion 5-Year 5.5% Fixed Rate Senior Unsecured Bond and ₦25 billion 7-Year 6.25% Fixed Rate Senior Unsecured Bond A- Dec 15 , 2024 Stable Nigeria
Aradel Plc's (formerly NDEP) ₦10.318 billion Five-Year 17% Fixed Rate Senior Unsecured Bond A+ Jun 30 , 2024 Stable Nigeria
Geregu Power Plc’s ₦40.085 Billion 7-Year 14.5% Senior Unsecured Fixed Rate Bond Bbb+ Jul 28 , 2024 Stable Nigeria
Axxela Funding 1 Plc’s ₦11.5 Billion Series 1 Seven-Year 14.3% Fixed Rate Bond Due 2027 Bbb+ May 31 , 2024 Stable Nigeria
AFEX Fair Trade Limited ₦150 Billion Asset-Backed Commercial Paper S3 sf Nov 30 , 2024 Stable Nigeria
Accelerex Funding SPV Plc’s ₦2.275 billion 14% Series 1 Senior Bond Bbb- Jun 30 , 2024 Stable Nigeria
Axxela Funding 1 Plc's up to ₦15 Billion Ten-Year Series 1 Bond A- Nov 30 , 2024 Stable Nigeria
NSP-SPV PowerCorp Plc’s ₦10 Billion 15-year Series 1 Aaa Dec 31 , 2033 Stable Nigeria