The Nigerian Change Group (NGX) has printed its efficiency report detailing the highest ten stockbrokers in Nigeria for the primary quarter of 2025.
This report ranks brokers in line with the amount and worth of trades executed on their platforms.
Notably, these main stockbrokers collectively accounted for 51.69% of the entire buying and selling quantity on the change, executing a formidable 41.04 billion shares in the course of the quarter.
When it comes to transaction worth, they represented a considerable 65.79% of the general complete, contributing N1.47 trillion to the quarter-to-date figures.
For this evaluation, worth was deemed a extra correct measure of efficiency than quantity. Whereas quantity tracks the variety of shares traded, worth displays the worth of these shares, offering a clearer image of a stockbroker’s dimension, shopper base, and total enterprise efficiency.
Based mostly on the worth of shares transacted from January 1, 2025, to March 28, 2025, the highest ten stockbrokers in Nigeria are as follows:
High 10 stockbrokers by transaction worth in Q1 2025
First Securities Brokers Restricted secured the tenth place this quarter, attaining a transaction worth of N38.11 billion. This quantity represented 1.70% of the entire trades executed by all Nigerian stockbrokers.
Throughout the group of prime 10 brokers, First Securities accounted for two.59% of the cumulative worth, which totaled N1.47 trillion.
Apel Asset Restricted ranked ninth with a transaction worth of N39.32 billion, contributing 1.76% to the general N2.2 trillion transacted amongst Nigerian stockbrokers.
Among the many prime 10, Apel Asset represented 2.68% of the collective transaction worth, totaling N1.47 trillion.
In eighth place, World Asset Administration recorded a transaction worth of N42.6 billion for Q1 2025, constituting 1.91% of the entire transactions by stockbrokers in Nigeria.
This stockbroker supplied 2.90% of the entire worth among the many prime 10 brokers and ranked 4th in buying and selling quantity with 4.2 billion shares facilitated.
Coronation Securities Restricted occupied the seventh place with a transaction worth of N58.04 billion in Q1 2025, which represented 2.60% of the general N2.2 trillion transacted by all stockbrokers in Nigeria.
Among the many prime 10, Coronation accounted for 3.94% of the entire worth, which summed N1.47 trillion, whereas rating ninth in buying and selling quantity with 2.18 billion shares facilitated.
Cordros Securities Restricted ranked sixth, reporting a transaction worth of N81 billion in Q1 2025. This stockbroker contributed 3.62% of the entire N2.2 trillion worth transacted by all stockbrokers.
Within the context of the highest 10, Cordros represented 5.52% of the general worth, totaling N1.47 trillion, and ranked 2nd in buying and selling quantity with 5.96 billion shares enabled.
In fifth place, Meristem Stockbrokers Restricted recorded a transaction worth of N83.74 billion for the quarter, which equated to three.74% of the cumulative N2.2 trillion transacted by all stockbrokers in Nigeria.
This stockbroker represented 5.68% of the entire reported by the highest 10 brokers and ranked sixth in buying and selling quantity, facilitating 3.58 billion shares.
Stanbic IBTC positioned 4th with a transaction worth of N107.4 billion for the primary quarter of 2025, accounting for 4.81% of the general trades by Nigerian stockbrokers.
This stockbroker made up 7.30% of the entire worth transacted by the highest 10 brokers whereas rating seventh in buying and selling quantity with 2.82 billion shares exchanged.
Apt Securities ranked third with a transaction worth of N144.46 billion for the quarter, constituting 6.46% of the N2.2 trillion transacted by all stockbrokers in Nigeria.
This stockbroker accounted for 9.81% of the entire worth reported among the many prime 10 brokers and ranked eighth in buying and selling quantity, having facilitated 2.21 billion shares.
CardinalStone Securities Restricted positioned 2nd, facilitating commerce valued at N196.50 billion in Q1 2025. This contribution amounted to eight.79% of the entire N2.2 trillion worth transacted by all stockbrokers in Nigeria.
Throughout the prime 10, CardinalStone constituted 13.36% of the entire worth and ranked third in buying and selling quantity with 5.42 billion shares facilitated.
Chapel Hill Denham Securities ranked first, with a transaction worth of N680.21 billion for the primary quarter of 2025. This determine constituted 30.41% of the entire transactions carried out by all Nigerian stockbrokers.
Chapel Hill Denham accounted for 46.19% of the cumulative worth among the many prime 10 brokers, totaling N1.47 trillion, and led in buying and selling quantity, facilitating 9.46 billion shares.
