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 Aduragbemi Omiyale
One of the paint makers in Nigeria, Premier Paints Plc, is currently in talks with a new investor, Xenergi Limited, for the purchase of 51 per cent stake in the company.
Xenergi Limited intends to acquire shares of Clover Global Resources Limited and TGHL Capital Limited in the organisation.
Business Post gathered that the new investor will buy 39.02 per cent from Clover Global Resources Limited and 15.20 per cent from TGHL Capital Limited.
The deal, according to a regulatory notice issued on Tuesday on the Nigerian Exchange (NGX) Limited, will involve about 63 million shares of Premier Paints.
At the current share price of the paint producer, this should be about N630 million as it closed at N10.00 per unit on NGX on December 16, 2025.
“Subject to obtaining required regulatory approvals, the transaction is expected to close before January 31, 2026.
“The company will continue to inform the public of the progress of the transaction,” the disclosure signed by the company secretary, Alozie Nwokoro, said.
By Adedapo Adesanya
The Naira was flat against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Tuesday, December 16, retaining the previous closing value of N1,451.82/$1.
In the same vein, the local currency saw no movement against the Pound Sterling and the Euro in the spot market during the session at N1,943.98/£1 and N1,705.74/€1, respectively.
Also, the Nigerian Naira remained unchanged in the black market yesterday at N1,475/$1 and was N1,460/$1 at the GTBank forex counter.
The Central Bank of Nigeria (CBN) has strengthened US Dollar supply with $250 million to authorised dealer banks at the official window cumulatively as foreign portfolio investors, exporters and non-bank corporate supply dripped.
The spread between official and other non-regulated markets decreased to N30.59$/1 from N44.57/$1, from the previous week, research subsidiary of Coronation Merchant Bank Limited said in a report.
FX analysts said foreign exchange inflows through the Nigerian Foreign Exchange Market decreased to $716.3 million from $844.70 million in the previous week , a 15 per cent drop in a week.
Foreign portfolio investors accounted for the highest share of inflows at 32.98 per cent, followed by exporters at 30.84 per cent, the CBN (17.36 per cent), Non-bank Corporates (16.94 per cent), others (0.72 per cent) and Individuals (0.63 per cent).
On Monday, Nigeria’s headline inflation rate eased to 14.45 per cent in November 2025, down from 16.05 per cent recorded in October, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), representing a decrease of 1.6 percentage points month-on-month and marks a significant moderation compared to the same period last year.
As for the cryptocurrency market, there was some recoveries after overall capitalization falling below $3 trillion for the third time in a month. Large-cap assets, particularly those with Exchange Traded Fund (ETF) exposure, are experiencing selling pressure as institutional investors reassess risk.
Ripple (XRP) appreciated by 1.5 per cent to $1.92, Litecoin (LTC) expanded by 1.5 per cent to $78.91, Dogecoin (DOGE) rose by 0.8 per cent to $0.1308, Solana (SOL) went up by 0.4 per cent to $127.60, Binance Coin (BNB) grew by 0.3 per cent to $865.40, and Bitcoin (BTC) gained 0.2 per cent to sell at $86,735.17.
On the flip side, Cardano (ADA) depreciated by 1.0 per cent to $0.3802 and Ethereum (ETH) slumped by 0.4 per cent to $2,935.85, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) were flat at $1.00 each.
By Dipo Olowookere
A marginal 0.01 per cent rise was recorded by the Nigerian Exchange (NGX) Limited on Tuesday. This was different from the flattish mode of the market the previous day.
Investor sentiment remained bullish as Customs Street finished with 31 price gainers and 26 price losers, implying a positive market breadth index.
Aluminium Extrusion topped the gainers’ log after it improved its price by 10.00 per cent to N9.35, Guinness Nigeria appreciated by 9.98 per cent to N263.40, Multiverse expanded by 9.95 per cent to N12.15, MeCure Industries also soared by 9.95 per cent to N45.85, and Sovereign Trust Insurance advanced by 9.89 per cent to N4.11.
Conversely, Haldane McCall led the losers’ chart after it shed 9.93 per cent to settle at N3.72, Veritas Kapital lost 9.09 per cent to close at N1.60, LivingTrust Mortgage Bank also declined by 9.09 per cent to N3.50, and Linkage Assurance depreciated by 5.71 per cent to N1.65.
During the trading day, the All-Share Index (ASI) went up by 21.23 points to 149,459.11 points from the previous day’s 149,437.88 points and the market capitalisation increased by N14 billion to N95.281 trillion from N95.267 trillion.
Yesterday, traders transacted 1.0 billion equities for N21.8 billion in 23,701 deals compared with the 553.1 million equities valued at N13.3 billion traded in 28,907 deals on Monday, representing a decline in the number of deals by 18.01 per cent, and a surge in the trading volume and value by 80.80 per cent and 63.91 per cent apiece.
Access Holdings traded 385.8 million stocks worth N7.7 billion, Champion Breweries transacted 111.8 million shares valued at N817.8 million, Sterling Holdings exchanged 85.5 million equities for N589.9 million, FCMB sold 74.7 million shares valued at N791.5 million, and First Holdco transacted 51.9 million equities worth N1.8 billion.
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