A firm, August & Co., has rated the Odu’a Investment Company Limited (OICL) from “A” to “A-plus.”

Odu’a Investment has operations across various sectors of the Nigerian economy and the potential for increase in earnings through its portfolio rebalancing efforts and growth initiatives.

A statement by Head, Branding and Communication of August & Co., Victor Ayeyoro, said the assigned rating was based on the assessment of the financial condition of Odu’a Investment, a standalone entity.

Group Chairman of Odu’a, Bimbo Ashiru, while commending the upgraded rating of Odu’a from A to A-plus, yesterday, said that OICL would not rest on its oars but continue to walk the talks to be a world-class conglomerate for the benefits of the owner-states and other stakeholders.

Also, the Group Managing Director of Odu’a, Abdulrahman Yinusa, appreciated the commitment and support of the board, management and members of staff for the incremental growth and consistent development in the right direction towards OICL’s world-class conglomerate aspirations.