Economy
These Are 184 Authorised, Active Stockbrokers in Nigeria
By Dipo Olowookere
The business of trading in stocks on the Nigerian Stock Exchange (NSE) is incomplete without the input of stockbrokers.
These are the agents given the authority to transact equities on the platform and anyone planning to trade their shares for cash must approach them before such can be successful.
In this report, Business Post is bringing to its readers the brokerage firms empowered to trade stocks on behalf of investors in the nation’s capital market.
There are 184 active stockbroking firms presently operating in the country and most of them are domiciled in Lagos, the commercial capital of Nigeria. They are listed below in alphabetical order:
Afrinvest Securities Limited, Anchoria Investment & Securities Ltd, Apel Asset Limited (Formerly Apel Asset & Trust Limited), APT Securities & Funds Limited, ARM Securities Limited, Arthur Stevens Asset Management Ltd, Associated Asset Managers Limited and Atlass Portfolio Limited.
Barclays Stockbrokers Nigeria Limited, Bauchi Investment Corporation Securities Limited, Belfry Investment & Securities Limited and Bestworth Assets & Trust Limited.
Calyx Securities Limited, Camry Securities Limited, Capital Assets Limited, Capital Bancorp Plc, Capital Express securities Limited, Capital Trust Brokers Limited, CardinalStone Securities Limited (Formerly Plural Securities Limited), Cashcraft Securities Limited, Cashville Investments & Securities Ltd, CDL Capital Markets Limited and Centre Point Investment Limited.
Century Securities Limited, Chapel Hill Denham Securities Limited, Chartwell Securities Limited, Citi Investment Capital Limited, City Code Trust & Invest Company Ltd, Compass Investments & Sec. Ltd, Cordros Securities Limited, Core Securities Limited, Coronation Securities Limited, CowrySecurities Ltd, Crane Securities Limited, Crossworld Securities Limited, Crown Capital Limited and CSL Stockbrokers Limited.
Deep Trust & Investment Limited, De-Lords Securities Limited, Dominion Trust Limited, DSU Brokerage Services Limited, Dunbell Securities Limited, Dunn Loren Merrifield Securities Limited and Dynamic Portfolio Limited.
EDC Securities Limited, Edgefield Capital Management Limited, EFG Hermes Nigeria Limited, El-Elyon Alliance and Securities Ltd, Elixir Securities Limited (Formerly known as Merit Securities Limited), Enterprise Stockbrokers Limited, Equity Capital Solutions Limited, Eurocomm Securities Limited and Express Portfolio Services Limited.
Falcon Securities Limited, FBC Trust & Securities Limited, FBNQuest Securities Limited, FCSL Asset Management Company Limited, Fidelity Finance Company Limited, Financial Trust Company Nigeria Limited, Finmal Securities Limited, First Integrated Capital Management Ltd, FIS Securities Limited, Foresight Securities & Investment Limited and Forte Financial Limited.
Forthright Securities & Investments Limited, Fortress Capital Limited, FSDH Securities Limited, FSL Securities Limited, Funds Matrix & Asset Management Limited, Fundvine Capital & Securities Limited and Futureview Securities Limited.
Gidauniya Invest & Sec Ltd, Global Asset Management (Nig) Ltd, Globalview Capital Limited, Golden Securities Limited, Greenwich Securities Limited, Growth & Development Asset Management Limited, Gruene Capital Limited (Formerly Mc-Finerco Investment Limited) and GTI Securities Limited.
Harmony Investment & Securities Ltd, Heartbeat Investments Limited, Hedge Securities & Investment Ltd, Helix Securities Limited and Heritage Capital Markets Limited.
ICMG Securities Limited, Icon Stockbrokers Limited, Imperial Assets Managers Limited, Integrated Trust & Investments Limited, Interstate Securities Limited, Investment One Stockbrokers Int’l Ltd (formerly GTB Securities Limited), Investors & Trust Company Limited, Kapital Care Trust & Securities Limited, Kedari Capital Limited (Formerly Kedari Securities Ltd), Kinley Securities Limited, Kofana Securities & Investment Limited, Lambeth Capital Limited, Lead Securities & Invests Ltd and Lighthouse Asset Management Limited.
Magnartis Finance & Investment Limited, Mainstreet Bank Securities Limited, Maxifund Investment & Securities Plc, MBC Securities Limited, MBL Financial Services Limited, Mega Equities Limited, Meristem Stockbrokers Limited, Midas Stockbrokers Limited, Milestone Capital Management Limited (Formerlly Ocean Securities & Stockbrokers Ltd), Mission Securities Limited, Molten Trust Limited, Morgan Capital Securities Limited and Mountain Investment & Securities Ltd.
Network Capital Limited (Formerly Crescent Capital Limited), Networth Securities & Finance Ltd, Newdevco Invests & Sec. Co. Ltd, Nigerian International Securities Ltd, Nigerian Stockbrokers Limited and Osborne Capital Markets Limited.
PAC Securities Limited, Peace Capital Markets Limited, Pilot Securities Limited, Pinefields Investment Services Limited, PIPC Securities Limited, Pivot Capital Limited, Planet Capital Limited (Merger between Emerging Capital and Strategy & Arbitrage Limited), Portfolio Advisers Limited, Premium Capital and Stockbrokers Limited, Primewealth Capital Limited, Prominent Securities Limited, Pyramid Securities Limited, Qualinvest Capital Limited (Formerly Independent Securities Limited) and Quantum Zenith Securities & Investments Limited.
Rainbow Securities Limited, Readings Investment Limited, Regency Assets Management Ltd, Rencap Securities (Nig) Limited, Resort Securities Limited, Reward Investment & Service Ltd, RMB Nigeria Stockbrokers Limited, Rostrum Investment & Sec. Ltd, Rowet Capital Management Limited, Royal Crest Finance Limited, Royal Guaranty & Trust Ltd, Royal Trust Securities Limited, Sankore Securities Limited, Santrust Securities Limited, Securities & Capital Management Company Limited (formerly Fountain Securities Limited) and Securities Africa Financial Limited (Formerly Skye Stockbrokers Limited).
Security Swaps Limited, Shalom Investment & Securities Limited, Shelong Investment Limited, Sigma Securities Limited, Signet Investment & Securities Ltd, Skyview Capital Limited, Smadac Securities Limited, Solid Rock Securities & Investment Plc, Spring Board Trust & Investment Limited, Spring Trust & Securities Limited, Stanbic IBTC Stockbrokers Limited and Standard Union Securities Ltd.
Tellimer Capital Limited, TFS Securities & Investment Co. Ltd, The Bridge Securities Limited, Tiddo Securities Limited, Tomil Trust Limited , Topmost Sec Ltd, Tower Securities & Invest Co. Ltd, Trade link Securities Limited, Traders Trust & Investment Co. Limited, Transworld Investment & Securities Limited, Trust Yields Securities Limited, Trustbanc Capital Management Limited (Formerly IMTL Securities Limited), Trusthouse Investment Limited, TRW Stockbrokers Limited and Tyndale Securities Limited (formerly Truebond Capital & Asset Mgt Ltd).
UIDC Securities Limited, UNEX Capital Limited, Union Capital Markets Limited, United Capital Securities Limited (formerly UBA Securities Limited), Valmon Securities Limited, Valueline Securities & Investments Limited, Vetiva Securities Limited, WCM Capital Limited, WSTC Securities Limited and Zion Stockbrokers & Securities Limited.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange improved by 0.89 per cent on Tuesday, June 30, spurring the market capitalisation to chalk up N22.72 billion to close at N2.580 trillion, in contrast to the preceding session’s N2.557 trillion.
In the same vein, the NASD Unlisted Security Index (NSI) added 37.85 points during the session to settle at 4,2991.41 points from Monday’s 4,261.56 points.
The unlisted securities market gained weight yesterday after finishing with three price losers and gainers, led by Nipco Plc, which improved its share price by N34.24 to N384.00 per unit from N349.76 per unit. FrieslandCampina Wamco Nigeria Plc appreciated by N10.25 to close at N152.01 per share versus N141.76 per share, and Food Concepts Plc soared by 7 Kobo to settle at N2.50 per unit versus N2.43 per unit.
On the flip side, Afriland Properties Plc weakened by N1.57 to N15.17 per share from N16.74 per share, Central Securities Clearing System (CSCS) Plc lost 48 Kobo to trade at N88.00 per unit compared with Monday’s N88.48 per unit, and Geo-Fluids Plc eased by 24 Kobo to N2.37 per share from N2.61 per share.
During the session, the volume of securities traded by market participants moved up by 268.9 per cent to 846,063 units from 229,314 units, while the value of securities dropped 34.9 per cent to N15.99 million from N24.6 million, and the number of deals crashed by 26.5 per cent to 25 deals from 34 deals.
Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, the second spot was occupied by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and the third spot was taken by CSCS Plc with 68.8 million units traded for N4.7 billion.
GNI Plc also ended the day as the most active stock by volume on a year-to-date basis, with 3.4 billion units exchanged for N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
By Adedapo Adesanya
The Naira appreciated against the US Dollar by N3.95 0r 0.29 per cent to exchange at N1,379.68/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Tuesday, June 30, compared with the previous day’s N1,383.63/$1.
The positive movement was also seen against the Pound Sterling at the same official market window, where it gained N6.59 to trade at N1,825.05/£1 versus the preceding day’s N1,831.64/£1, and improved against the Euro by N5.05 to sell for N1,572.98/€1 compared with Monday’s price of N1,578.03/€1.
At the GTBank FX counter, the Nigerian Naira, however, lost N2 against the Dollar yesterday to quote at N1,389/$1, in contrast to the previous session’s N1,387/$1, and at the black market, it remained unchanged at N1,395/$1,
A look at the cryptocurrency market yesterday showed that Bitcoin (BTC) depleted for the fifth straight day, selling at $58,668.93. This sits below the levels that sparked rebounds in February and earlier in June, as well as the 50-day and 200-day moving averages.
Dogecoin (DOGE) crashed by 1.5 per cent to sell at $0.0713, Binance Coin (BNB) lost 1.4 per cent to close at $544.98, Ethereum (ETH) went down by 1.0 per cent to $1,574.60, TRON (TRX) depreciated by 0.8 per cent to $0.3164, and Ripple (XRP) dropped 0.8 per cent to finish at $1.03.
Conversely, Cardano (ADA) grew by 2.9 per cent to $0.1493, and Solana (SOL) increased by 0.3 per cent to $74.19, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 apiece.
By Adedapo Adesanya
The oil market rose on Wednesday morning amid concerns that breakdowns in discussions between Iran and the United States for a final agreement to end their war may extend supply disruptions in the key Middle East producing region.
Brent futures gained 33 cents or 0.45 per cent to trade at $73.28 a barrel, while the US West Texas Intermediate (WTI) crude climbed 34 cents or 0.49 per cent to $69.84 a barrel.
US officials arrived in Qatar for talks on the Iran war, but will meet with mediators, not Iranian negotiators. The lack of direct talks further complicates efforts to find a lasting end to the conflict and fully reopen the Strait of Hormuz.
The representatives, which include US President Donald Trump’s son-in-law Jared Kushner and envoy Steve Witkoff, arrived in Doha for what the White House described as “high-level” talks on Tuesday, but Iran and host Qatar said they would meet with mediators, rather than the Iranians themselves.
The Wall Street Journal reported that while hardline military officials are pushing for full control of Hormuz, Iranian civilian leaders like President Masoud Pezeshkian are aiming to get access to billions in frozen assets, indicating different priorities.
Brent fell by around $45 a barrel between the first and second quarters of this year, its largest quarterly loss since 2008 during the financial crisis in the US. Crude futures meanwhile fell by around $31, their largest quarterly loss since 2020, when the COVID-19 pandemic crushed global oil demand.
The declines followed progress toward ending the Middle East conflict, pulling back from the sharp gains triggered earlier by the hostilities.
Analysts have cut their 2026 oil price forecasts after five straight monthly increases, as the reopening of the Strait of Hormuz eased concerns over prolonged supply disruptions.
Tanker traffic through the critical waterway has started to recover, with US Vice President JD Vance claiming that oil flows through the strait had been restored to pre-war levels.
The American Petroleum Institute (API) estimated that crude oil inventories in the US fell by 6.072 million barrels in the week ending June 26. In the week prior, US crude oil inventories fell by 765,000 barrels.
Official oil stock data from the US Energy Information Administration (EIA)will be released later on Wednesday.
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