What we do

Empowering you to make well-informed choices

1

Credit
Ratings

We are a Pan African leader in credit ratings

Agusto & Co is Nigeria’s first Credit Rating Agency and a Pan African leader in credit ratings and credit reports. Agusto & Co Ltd has assigned well over 3,000 ratings across various sectors. Our ratings are globally accepted, and a wide client base utilizes our ratings as benchmark for business. In performing the credit rating function, Agusto & Co relies on a database of information that it has built since 1992. Our ratings encompass financial institutions, corporates, funds, asset managers, health management organizations, as well as corporate and municipal debt issues. At Agusto & Co, our focus is to assign ratings that are transparent and independent for the sustainable growth of the financial market and the economy.

Our milestones

1. First credit rating agency to be registered by the Securities & Exchange Commission, Nigeria.
2. First credit rating agency in Nigeria to assign ratings to banks, discount houses and insurance companies.
3. First rating agency to assign ratings to companies on the Nigerian Stock Exchange.

Since inception, Agusto & Co has assigned over 3,000 ratings. Our Ratings cover:

2

Industry
Research

We are a leading provider of industry analysis

Agusto & Co Limited is a leading provider of industry analysis and market insights that cut across several industries in Nigeria. Annually, Agusto & Co publishes reports on several key industries of the Nigerian economy. Our reports are unbiased and contain expert analyses of various sectors in Nigeria. Over the last two decades, we have built a strong reputation for producing good quality reports, with sound economic and risk analysis. The company prides itself on the ability to create outstanding value for clients based on expert knowledge of the macroeconomic environment, the financial services industry, local markets and the key industries within the economy. Our reports can also be tailored to meet client-specific requirements. Our reports contain both primary and secondary data sourced from key industry players, combined with local market insight to provide users with the most recent business updates on a wide spectrum of industries.

We publish reports annually on over 40 industries including:

3

Customized
Research

Our client-specific research enjoys strong synergies

Agusto offers tailored high-level research services to companies operating or investing in various industries across sub-Saharan Africa. Our actionable insights and analytics can drive substantial growth and sustainable profitability for businesses. Your business is facing distinct circumstances and have precise queries that demand answers.

That's why we offer a customized approach designed just for you. There's no one-size-fits-all process in our approach.

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Finance & Leasing

COMPANY RATING EXPIRY OUTLOOK COUNTRY
Fewchore Finance Company Limited Bbb/A2 Jun 30 , 2026 Stable Nigeria
Credit Direct Finance Company Limited Bbb+ Jun 30 , 2026 Stable Nigeria
LECON Finance Company Limited A+ Jun 30 , 2026 Stable Nigeria

Corporates

COMPANY RATING EXPIRY OUTLOOK COUNTRY
Axxela Limited Aa- Jun 30 , 2026 Stable Nigeria
Zeenab Foods Limited A Jun 30 , 2026 Stable Nigeria
Nigerian Breweries PLC A+ Jun 30 , 2026 Stable Nigeria
Premium Cocoa Products (Ile-Oluju) Limited Bbb Jun 30 , 2026 Stable Nigeria
MTN Nigeria Communication PLC Aa+ Jun 30 , 2026 Stable Nigeria
Cutix PLC Bbb+ Oct 31 , 2026 Stable Nigeria
Johnvents Industries Limited Bbb+ Jun 30 , 2026 Stable Nigeria
Payaza Africa Limited Bbb Jun 30 , 2026 Stable Nigeria
NGN Gram Limited Bbb Jun 30 , 2026 Stable Nigeria
Food Concepts PLC A Jun 30 , 2026 Stable Nigeria
Odu'a Investment Company Limited  Aa- Jun 30 , 2026 Stable Nigeria
UAC of Nigeria PLC A- Jun 30 , 2026 Stable Nigeria
Vitafoam Nigeria Plc A Mar 31 , 2026 Stable Nigeria
Lagos Free Zone Company Bbb Jun 30 , 2026 Positive Nigeria

Corporate Bonds

COMPANY RATING EXPIRY OUTLOOK COUNTRY
Axxela Funding 1 PLC's ₦16.4 billion Bond Aa- Apr 12 , 2026 Stable Nigeria
Axxela Funding 1 PLC's ₦11.5 Billion Bond Aa- May 20 , 2026 Stable Nigeria
NEN Infrastructure Limited's ₦17.1 Billion Bond A May 31 , 2026 Stable Nigeria
NEN Infrastructure Limited's ₦40.975 Billion Bond A- Mar 22 , 2026 Stable Nigeria
Aradel Holdings PLC's  ₦10.318 billion Bond Aa Jun 30 , 2026 Stable Nigeria
MTN Nigeria Communications PLC’s ₦110,001,000,000 Series 1 Bond Aa+ Apr 30 , 2026 Stable Nigeria
LFZC Funding SPV PLC’s ₦25 billion Bond Aaa Mar 16 , 2026 Stable Nigeria
NCNI Limited's ₦13.2 Billion Bond A Feb 01 , 2026 Stable Nigeria
GPC-SPV Company PLC Aaa Nov 23 , 2025 Stable Nigeria
PAT Digital Infra Fund SPV PLC Aaa Feb 02 , 2026 Stable Nigeria
NSP-SPV PowerCorp Plc’s ₦10 Billion 15-year Series 1 Aaa Dec 31 , 2033 Stable Nigeria