By Benson Daniel
S&P Global has announced plans to acquire a majority stake in Agusto & Co, a move that is expected to strengthen its presence in Africa while enhancing the delivery of credit ratings, financial intelligence, and market analytics across the continent.
The transaction marks a significant milestone for Nigeria’s financial services industry, bringing together one of the world’s leading providers of financial information with one of Africa’s most respected credit rating agencies. The partnership is expected to improve access to world-class analytical tools, strengthen risk assessment capabilities, and provide investors with more comprehensive market insights.
Founded in Nigeria, Agusto & Co has established itself as a leading provider of credit ratings, economic research, business intelligence, and advisory services to financial institutions, corporate organizations, government agencies, and capital market participants. The company’s deep understanding of African markets is expected to complement S&P Global’s global expertise and extensive financial data network.
Industry analysts believe the acquisition reflects growing international confidence in Africa’s economic potential and the increasing demand for reliable credit information to support investment decisions. They noted that stronger collaboration between global and regional financial institutions could improve transparency, promote better corporate governance, and encourage greater investor participation in African markets.
The acquisition is also expected to strengthen the quality of credit assessments available to businesses seeking financing and governments looking to access international capital markets. Enhanced analytical capabilities could help investors better evaluate risks while supporting sustainable economic development across the region.
Financial experts say the partnership may accelerate innovation in the African financial services sector through the introduction of advanced data analytics, digital research platforms, and internationally recognized rating methodologies. This is expected to improve market efficiency and reinforce confidence among both domestic and foreign investors.
The development comes at a time when many African economies are implementing reforms aimed at deepening capital markets, attracting foreign direct investment, and expanding access to long-term financing for infrastructure and private sector growth.
Subject to regulatory approvals and customary closing conditions, the acquisition is expected to position both S&P Global and Agusto & Co for sustained growth while contributing to the continued development of Africa’s financial ecosystem.
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