In the second quarter (Q2) to June 30, Cardinalstone Securities Limited, EFG Hermes Nigeria Limited, Cordros Securities Limited and seven other stockbroking firms traded equities worth N1.11trillion.

The record value of transactions in the Q2 period represents 56.60 percent of the total value of stocks traded on the NGX in the review period, according to the NGX Broker Performance Report.

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Specifically, CardinalStone Securities Limited accounted for equities trading value at N256.495billion, representing 13.06 percent of the total value of trade on the NGX in the review period. EFG Hermes Nigeria Limited accounted for N161.146 billion or 8.21 percent, while Cordros Securities Limited traded stocks worth N157.993billion or 8.05 percent.

Further checks show that United Capital Securities Limited traded equities worth N136.474billion in Q2’2025, representing 6.95 percent of the total value of stocks traded on the NGX same period.
Stanbic IBTC Stockbrokers Limited followed with stocks deal worth N103.164billion in Q2’25 or 5.25 percent.

Other top stockbroking firms by value are: Meristem Stockbrokers Limited (N83.653billion or 4.26 percent); CSL Stockbrokers Limited (N61.529billion or 3.13 percent); Vetiva Capital Management Limited (N54.068billion or 2.75 percent); Coronation Securities Limited (N52.314billion or 2.66 percent); and First Securities Brokers Limited (N44.730billion or 2.28 percent).

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By Iheanyi Nwachukwu • July 7, 2025

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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