Firm Gets BBB+ Rating On Stable Revenue, Liquidity

DataPro Credit Rating Agency has upgraded BAS Group’s long-term investment rating from BBB− to BBB+, citing a stable revenue profile, management depth, and resilient liquidity, the agency said.

The upgrade was issued on May 29, 2026, coinciding with BAS Group’s sixth anniversary.

BAS Group chief executive, Abdulateef Hussein, said the rating reflects the organisation’s development since its founding in 2020 and the trust of its clients.

Company officials described the group’s strategy as structural, with subsidiaries designed to provide integrated services for capital deployment, financing, wealth management, and protection.

ALLY, the group’s consumer-facing digital protection platform, marked its first anniversary on the same date and offers health cover, salary protection, education funding, and investment products via a mobile interface, according to the company.

On June 4, 2026, BAS Group held an executive breakfast in Lagos attended by about 40 to 50 founders, chief executives, and institutional representatives.

The event featured a welcome address from the CEO and two panel sessions: one on capital deployment and portfolio architecture, with managing directors from BAS Capital, BAS Wealth, BAS Finance, and BAS Financial Services and a representative from Cardinalstone Registrars; the other on the relationship between wealth and protection, with speakers from ALLY Healthcare, ALLY Microinsurance, and BAS Technologies.

At the event, ALLY demonstrated its product and provided customer testimonials. BAS Group and ALLY also said they had provided one year of health coverage to six Nigerian families as part of a corporate social responsibility initiative.

The chief marketing officer at BAS Group, Chidera Muoka, said attendees represented longstanding relationships with the group.