Nigeria is seeing a rise of digital-first brokerage firms at the Nigerian Exchange Limited (NGX), fuelled by the increasing number of young investors. This is evidenced in the number of new brokerage accounts opened in 2025, which show that only five firms account for about 70 percent (105,442) of the 151,749 new accounts. Bamboo (via Lambeth Capital), Afrinvest Securities, and Meristem Stockbrokers top the list. Others are Coronation Securities and FSL Securities. These five firms account for 71.4 percent of the total accounts, according
Nigeria is seeing a rise of digital-first brokerage firms at the Nigerian Exchange Limited (NGX), fuelled by the increasing number of young investors. This is evidenced in the number of new brokerage accounts opened in 2025, which show that only five firms account for about 70 percent (105,442) of the 151,749 new accounts. Bamboo (via Lambeth Capital), Afrinvest Securities, and Meristem Stockbrokers top the list. Others are Coronation Securities and FSL Securities. These five firms account for 71.4 percent of the total accounts, according