The Nigerian Exchange Group (NGX) released a detailed report on February 28, 2025, ranking the top ten stockbrokers in Nigeria based on the trading volumes and values they facilitated throughout the month.
Collectively, these stockbrokers accounted for 46.39% of the total trading volume executed by Nigerian stockbrokers, transacting an impressive 8.6 billion shares.
In terms of transaction value, the leading stockbrokers represented 55.10% of the overall trading value for the month, totaling N281.5 billion.
This analysis highlights transaction value as a more precise measure of performance than trading volume alone.
While trading volume indicates the number of shares exchanged, transaction value reveals important pricing trends, providing deeper insights into a stockbroker’s size, client base, and overall business performance.
Based on the total value of trades executed from February 1 to February 28, 2025, here are the top ten stockbrokers in Nigeria:
CSL Stockbrokers Limited occupied the 10th spot, facilitating trades worth N11.8 billion. This represented 2.32% of the total transactions conducted by all Nigerian stockbrokers in February, which amounted to N511.2 billion.
Morgan Capital Securities Limited ranked 9th for February, with a trading value of N12.7 billion, accounting for 2.49% of the total N511.2 billion transacted by all Nigerian stockbrokers.
Apel Assets Limited took the 8th place, with a transaction total of N13 billion, which constituted 2.55% of the combined N511.2 billion facilitated by all stockbrokers in February.
Cordros Securities Limited positioned itself 7th, reporting a total transaction value of N13.6 billion for February.
FBN Quest Securities Limited ranked 6th, with a total transaction value of N15 billion for February, accounting for 2.95% of the total value of trades.
Stanbic IBTC Stockbrokers Limited stood in 5th place, reporting a transaction value of N31.2 billion for February.
Meristem Stockbrokers Limited claimed the 4th position with a total transaction value of N33.5 billion for February. This equated to 6.56% of the overall trading value executed by all stockbrokers in Nigeria.
Coronation Securities Limited secured 3rd place, with a transaction value of N42.1 billion for February, representing 8.25% of the total trades facilitated by stockbrokers that month.
APT Securities and Funds ranked 2nd, reporting a transaction value of N42.8 billion for February. This figure represented 8.39% of the overall trading value executed by all stockbrokers in Nigeria.
Cardinalstone Securities Limited took the top spot with a total transaction value of N65.5 billion for February. This amount represented 12.82% of all trades executed by stockbrokers across Nigeria for the month.
Cardinalstone Securities Limited took the top spot with a total transaction value of N65.5 billion for February. This amount represented 12.82% of all trades executed by stockbrokers across Nigeria for the month.