Rating Release 

Agusto & Co. hereby affirms Adino Global Markets Limited’s (“Adino Global”, “AGML”, or “the Company”) “Bbb” (long term) and “A2” (short term) ratings with a stable outlook 

The rating expires on 30 June 2026 

Agusto & Co. hereby affirms Adino Global Markets Limited’s (“Adino Global”, “AGML”, or “the Company”) “Bbb” (long term) and “A2” (short term) ratings. The ratings reflect Adino Global’s good liquidity and funding profile, significant holdings of Federal Government of Nigeria (FGN) securities, strong capitalisation and leverage metrics, and experienced management team. However, the ratings are constrained by the significant concentration in the ultimate shareholding structure of the Adino ecosystem and AGML’s volatile income from core trading activities which threatens the consistency of performance.

AGML is a self-regulated trading and investment holding company that invests in regulated entities across the financial services landscape and trades a diverse range of financial instruments, including fixed-income securities, equities, currencies, and commodities.