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.
Adedapo Adesanya