Economy

These Are 184 Authorised, Active Stockbrokers in Nigeria

Published

6 years ago

18/07/2019

Dipo Olowookere

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.

Economy

Nigerian Stocks Close 1.13% Higher to Remain in Bulls’ Territory

Published

15 hours ago

20/12/2025

Dipo Olowookere

By Dipo Olowookere

The local stock market firmed up by 1.13 per cent on Friday as appetite for Nigerian stocks remained strong.

Investors reacted well to the 2026 budget presentation of President Bola Tinubu to the National Assembly yesterday, especially because of the more realistic crude oil benchmark of $64 per barrel compared with the ambitious $75 per barrel for 2025. This year, prices have been between $60 and $65 per barrel.

Business Post observed profit-taking in the commodity and energy sectors as they respectively shed 0.14 per cent and 0.03 per cent.

But, bargain-hunting in the others sustained the positive run, with the consumer goods index up by 3.82 per cent.

Further, the industrial goods space appreciated by 1.46 per cent, the banking counter improved by 0.08 per cent, and the insurance industry gained 0.04 per cent.

As a result, the All-Share Index (ASI) increased by 1,694.33 points to 152,057.38 points from 150,363.05 points and the market capitalisation chalked up N1.080 trillion to finish at N96.937 trillion compared with Thursday’s closing value of N95.857 trillion.

A total of 34 shares ended on the advancers’ chart, while 24 were on the laggards’ log, representing a positive market breadth index and bullish investor sentiment.

Austin Laz gained 10.00 per cent to close at N2.42, Union Dicon also jumped 10.00 per cent to N6.60, Tantalizers increased by 9.80 per cent to N2.69, Aluminium Extrusion improved by 9.78 per cent to N12.35, and Champion Breweries grew by 9.71 per cent to N16.95.

Conversely, Sovereign Trust Insurance dipped by 7.42 per cent to N3.87, Royal Exchange lost 6.84 per cent to trade at N1.77, Omatek slipped by 6.84 per cent to N1.09, Eunisell depreciated by 5.88 per cent to N80.00, and Eterna dropped 5.63 per cent to close at N28.50.

Yesterday, traders transacted 1.5 billion units worth N21.8 billion in 25,667 deals compared with the 839.8 million units sold for N32.8 billion in 23,211 deals in the preceding session, showing a surge in the trading volume by 76.61 per cent, an uptick in the number of deals by 10.58 per cent, and a shrink in the trading value by 33.54 per cent.

Economy

FrieslandCampina, Two Others Erase N26bn from NASD OTC Bourse

Published

16 hours ago

20/12/2025

Adedapo Adesanya

By Adedapo Adesanya

Three stocks stretched the bearish run of the NASD Over-the-Counter (OTC) Securities Exchange by 1.21 per cent on Friday, December 19, with the market capitalisation giving up N26.01 billion to close at N2.121 billion compared with the N2.147 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) dropping 43.47 points to 3,546.41 points from 3,589.88 points.

The trio of FrieslandCampina Wamco Nigeria Plc, Central Securities Clearing System (CSCS) Plc, and NASD Plc overpowered the gains printed by four other securities.

FrieslandCampina Wamco Nigeria Plc lost N6.00 to sell at N54.00 per unit versus N60.00 per unit, NASD Plc shrank by N3.50 to N58.50 per share from N55.00 per share, and CSCS Plc depleted by N2.91 to N33.87 per unit from N36.78 per unit.

On the flip side, Air Liquide Plc gained N1.01 to close at N13.00 per share versus N11.99 per share, Golden Capital Plc appreciated by 70 Kobo to N7.68 per unit from N6.98 per unit, Geo-Fluids Plc added 39 Kobo to sell at N5.50 per share versus N5.11 per share, and IPWA Plc rose by 8 Kobo to 85 Kobo per unit from 77 Kobo per unit.

During the trading day, market participants traded 1.9 million securities versus the previous day’s 30.5 million securities showing a decline of 49.3 per cent. The value of trades went down by 64.3 per cent to N80.3 million from N225.1 million, but the number of deals jumped by 32.1 per cent to 37 deals from 28 deals.

Infrastructure Credit Guarantee Company (InfraCredit) Plc finished the session as the most active stock by value on a year-to-date basis with 5.8 billion units valued at N16.4 billion, followed by Okitipupa Plc with 178.9 million units transacted for N9.5 billion, and MRS Oil Plc with 36.1 million units traded for N4.9 billion.

The most active stock by volume on a year-to-date basis was still InfraCredit Plc with 5.8 billion units worth N16.4 billion, trailed by Industrial and General Insurance (IGI) Plc with 1.2 billion units sold for N420.7 million, and Impresit Bakolori Plc with 536.9 million units traded for N524.9 million.

Economy

Naira Crashes to N1,464/$1 at Official Market, N1,485/$1 at Black Market

Published

19 hours ago

20/12/2025

Adedapo Adesanya

By Adedapo Adesanya

It was not a good day for the Nigerian Naira at the two major foreign exchange (FX) market on Friday as it suffered a heavy loss against the United States Dollar at the close of transactions.

In the black market segment, the Naira weakened against its American counterpart yesterday by N10 to quote at N1,485/$1, in contrast to the N1,475/$1 it was traded a day earlier, and at the GTBank forex counter, it depreciated by N2 to settle at N1,467/$1 versus Thursday’s closing price of N1,465/$1.

In the Nigerian Autonomous Foreign Exchange Market (NAFEX) window, which is also the official market, the nation’s legal tender crashed against the greenback by N6.65 or 0.46 per cent to close at N1,464.49/$1 compared with the preceding session’s rate of N1,457.84/$1.

In the same vein, the local currency tumbled against the Euro in the spot market by N2.25 to sell for N1,714.63/€1 compared with the previous day’s N1,712.38/€1, but appreciated against the Pound Sterling by 73 Kobo to finish at N1,957.30/£1 compared with the N1,958.03/£1 it was traded in the preceding session.

The market continues to face seasonal pressure even as the Central Bank of Nigeria (CBN) is still conducting FX intervention sales, which have significantly reduced but not remove pressure from the Naira. Also, there seems to be reduced supply from exporters, foreign portfolio investors and non-bank corporate inflows.

President Bola Tinubu on Friday presented the government’s N58.47 trillion budget plan aimed at consolidating economic reforms and boosting growth.

The budget is based on a projected crude oil price of $64.85 a barrel and includes a target oil output of 1.84 million barrels a day. It also projects an exchange rate of N1,400 to the Dollar.

President Tinubu said inflation had plunged to an annual rate of 14.45 per cent in November from 24.23 per cent in March, while foreign reserves had surged to a seven-year high of $47 billion.

Meanwhile, the cryptocurrency market was dominated by the bulls but it continues to face increased pressure after million in liquidations in previous session over accelerating declines, with Dogecoin (DOGE) recovering 4.2 per cent to trade at $0.1309.

Further, Ripple (XRP) appreciated by 3.9 per cent to $1.90, Cardano (ADA) rose by 3.5 per cent to $0.3728, Solana (SOL) jumped by 3.4 per cent to $126.23, Ethereum (ETH) climbed by 2.9 per cent to $2,982.42, Binance Coin (BNB) gained 2.0 per cent to sell for $853.06, Bitcoin (BTC) improved by 1.7 per cent to $88,281.21, and Litecoin (LTC) soared by 1.2 per cent to $76.50, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 each.