Economy
These are Nigeria’s 10 Biggest Stockbroking Companies
By Dipo Olowookere
Business Post has got list of the biggest stockbroking companies operating in the country. These firms in the local capital market help investors execute transactions in the space.
The list was obtained from their year-to-date performance as compiled by the Nigerian Stock Exchange (NSE).
The list comprises the performances of the brokerage firms by volume and value of transactions they executed from January 2019 to May 2019 as earlier indicated.
During the first five months of this year, the nation’s 10 biggest stockbroking firms contributed 55.31 percent to the total volume of transactions recorded in the period under review, which stood at 39.092 billion.
By the volume of shares traded through the top 10 firms, Greenwich Trust Limited took the first position, contributing 9.83 percent to the 55.31 percent the top 10 brokers contributed to the total volume of transactions recorded in the period under review. A total of 6.947 billion shares were bought and sold through the company.
On the second position is Stanbic IBTC Stockbrokers Limited, which traded 6.772 billion units of stock, accounting for 9.58 percent, while Cardinalstone Securities Limited occupied the third spot with 4.195 billion shares, representing 5.93 percent.
On the fourth position is Rencap Securities (Nig) Limited, which transacted 4.077 billion shares (5.77 percent) in the period under consideration, while the fifth place was held by CSL Stockbrokers Limited, which traded 4.056 billion (5.74 percent).
The sixth biggest brokerage firm in Nigeria by volume is Chapel Hill Denham Securities Limited, which traded 3.440 billion stocks (4.87 percent), the seventh is Morgan Capital Securities Limited with 3.150 billion (4.46 percent), while the eighth is FBN Quest Securities Limited a turnover of 2.265 billion shares (3.20 percent).
On the ninth position is Meristem Stockbrokers Limited with a turnover of 2.156 billion shares (3.05 percent), while the tenth is EFG Hermes Nigeria Limited with a turnover of 2.035 billion equities (2.88 percent).
But by value, the 10 underlisted companies contributed N537.966 billion or 68.60 percent of the total trades from the beginning of 2019 till May 31, 2019.
On the top spot is Stanbic IBTC Stockbrokers, which added 17.21 percent or N135 billion to the total value of transactions on the NSE.
Rencap Securities is the second on the list with N95.543 billion or 12.18 percent, while the CSL Stockbrokers is third with N59.081 billion or 7.53 percent.
Coronation Securities claimed the fourth spot with N52.838 billion or 6.74 percent, while EFCP Limited is fifth with N52.700 billion or 6.72 percent.
Chapel Hill Denham Securities took the sixth spot with N34.784 billion or 4.44 percent, seventh is EFG Hermes with N33.956 billion or 4.33 percent, the eighth is FBN Quest Securities with 30.438 billion or 3.88 percent, the ninth is Cardinalstone Securities with N28.564 billion or 1.92 percent, while the tenth position was filled by Meristem Stockbrokers with N15.063 billion or 1.92 percent.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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