Nigerian Exchange Limited

List of Stock Brokers in Nigeria

Published

2 years ago

October 16, 2021

Nigerian Exchange Limited - Investors King

Stockbrokers are financial professionals that execute stock orders on behalf of clients in Nigeria and other countries. Stockbrokers are also known as investment advisors due to the fact that they offer investment advice and issue reports/analyses on securities to clients.

Most stockbrokers in Nigeria work for brokerage companies and handle transactions for both individual and institutional clients for commissions.

Here is the complete list of all active and inactive stockbrokers in Nigeria as of October 14, 2021. Investors should endeavour to check this list as often as possible as the Nigerian Exchange Limited can move an active stockbroker to an inactive list.

Check below for the list of stockbrokers in Nigeria and their status.

List of Stock Brokers in Nigeria

Dealing Member	Status
Absa Securities Nigeria Limited	Active
Adamawa Securities Limited	Inactive
Adonai Stockbrokers Limited	Inactive
Afrinvest Securities Limited	Active
Aims Asset Management Limited	Inactive – Deregistered by the SEC
Alangrange Securities Limited	Inactive – Reclassified to Sub Broker with the SEC
Amyn Investment Limited	Inactive
Anchoria Investment and Securities Limited	Active
Apel Asset Limited	Active
APT Securities & Funds Limited	Active
Arian Capital Management Limited	Inactive – Reclassified to Sub Broker with the SEC
ARM Securities Limited	Active
Arthur Stevens Asset Management Limited	Active
Associated Asset Managers Limited	Active
Atlass Portfolio Limited	Active
Ava Securities Limited	Active
Bauchi Investment Corporation Securities Limited	Active
Belfry Investment & Securities Limited	Active
Bestlink Investment Limited	Inactive – Reclassified to Sub Broker with the SEC
Bestworth Assets & Trust Limited	Active
BGL Securities Limited	Inactive – Deregistered by SEC
Cadington Securities Limited	Inactive – Deregistered by the SEC
Calyx Securities Limited	Active
Camry Securities Limited	Active
Capital Assets Limited	Active

Capital Bancorp Plc	Active
Capital Express Securities Limited	Active
Capital Trust Brokers Limited	Active
CardinalStone Securities Limited	Active
Cashcraft Securities Limited	Inactive
Cashville Investments & Securities Limited	Active
CDL Capital Markets Limited	Active
CEB Securities Limited	Inactive
Centre Point Investment Limited	Active
Century Securities Limited	Active
Chapel Hill Denham Securities Limited	Active
Chartwell Securities Limited	Active
Citi Investment Capital Limited	Active
City Code Trust & Invest Company Limited	Active
Clearview Investments Company Limited	Inactive
CLG Stockbrokers Limited	Inactive
Compass Investments & Securities Limited	Active
Cordros Securities Limited	Active
Core Securities Limited	Active
Coronation Securities Limited	Active
Covenant Securities & Asset Management Limited	Inactive – Reclassified to Sub Broker with the SEC
Cowry Securities Limited	Active
Cradle Trust Finance & Securities Limited	Inactive – Reclassified to Sub Broker with the SEC
Crane Securities Limited	Inactive
Crossworld Securities Limited	Active

Crown Capital Limited	Active
CSL Stockbrokers Limited	Active
Decanon Investment Limited	Inactive – Deregistered by SEC
Deep Trust & Investment Limited	Active
De-Lords Securities Limited	Active
Dependable Securities Limited	Inactive – Reclassified to Sub Broker with the SEC
DLM Securities Limited	Active
Dominion Trust Limited	Active
DSU Brokerage Services Limited	Active
Dunbell Securities Limited	Active
Dynamic Portfolio Limited	Active
ECL Asset Management Limited	Inactive
EDC Securities Limited	Active
Edgefield Capital Management Limited	Active
EFG Hermes Nigeria Limited	Active
El-Elyon Alliance and Securities Limited	Active
Elixir Securities Limited	Active
Enterprise Stockbrokers Limited	Active
Equity Capital Solutions Limited	Active
Eurocomm Securities Limited	Active
Excel Securities Limited	Inactive – Reclassified to Sub Broker with the SEC
Express Portfolio Services Limited	Active
Falcon Securities Limited	Active
FBC Trust & Securities Limited	Active
FBNQuest Securities Limited	Active

FCSL Asset Management Company Limited	Active
Fidelity Finance Company Limited	Active
Financial & Analytics Capital Limited	Inactive – Deregistered by the SEC
Financial Trust Company Nigeria Limited	Active
Finmal Finance Services Limited	Active
First Integrated Capital Management Limited	Active
First Stockbrokers Limited	Inactive
FIS Securities Limited	Active
Foresight Securities & Investment Limited	Active
Forte Financial Limited	Active
Forthright Securities & Investments Limited	Active
Fortress Capital Limited	Active
FSDH Capital Limited	Active
FSL Securities Limited	Active
Funds Matrix & Asset Management Limited	Active
Fundvine Capital & Securities Limited	Active
Futureview Securities Limited	Active
Gem Assets Management Limited	Active
Gidauniya Invest & Sec Limited	Active
Global Asset Management (Nig) Limited	Active
Globalview Capital Limited	Active
GMT Securities & Asset Mgt Limited	Inactive
Golden Securities Limited	Active
Gombe Securities Limited	Inactive
Greenwich Securities Limited	Active

Growth & Development Asset Management Limited	active
Gruene Capital Limited	Active
GTI Securities Limited	Active
Harmony Investment & Securities Limited	Active
Heartbeat Investments Limited	Active
Hedge Securities and Investments Company Limited	Active
Heritage Capital Markets Limited	Active
Horizon Stockbrokers Limited	Inactive
ICMG Securities Limited	Active
Icon Stockbrokers Limited	Active
Imperial Assets Managers Limited	Active
Integrated Trust & Investments Limited	Active
International Standard Securities Limited	Inactive – Deregistered by the SEC
Interstate Securities Limited	Active
Investment Centre Limited	Inactive – Reclassified to Sub Broker with the SEC
Investment One Stockbrokers Int’l Limited	Active
Investment Shark & Asset Management Limited	Inactive
Investors & Trust Company Limited	Active
ITIS Securities Limited	Inactive
Kapital Care Trust & Securities Limited	Active
Kedari Capital Limited	Active
Kinley Securities Limited	Active
Kofana Securities & Investment Limited	Active
Kundila Finance Services Limited	Inactive
Lambeth Capital Limited	Active

LB Securities Limited	Inactive – Reclassified to Sub Broker with the SEC
Lead Securities & Investment Limited	Active
Lighthouse Asset Management Limited	Active
Lion Stockbrokers Limited	Inactive – Deregistered by the SEC
LMB Stockbrokers Limited	Inactive – Deregistered by the SEC
MACT Securities Limited	Inactive – Deregistered by the SEC
Magnartis Finance & Investment Limited	Active
Mainland Trust Limited	Inactive – Reclassified to Sub Broker with the SEC
Mainstreet Bank Securities Limited	Active
Marimpex Finance & Investment Company Limited	Active
Marriot Securities & Investment Company Limited	Inactive – Reclassified to Sub Broker with the SEC
Maven Asset Management Limited	Inactive
Maxifund Investment & Securities Plc	Active
Mayfield Investment Limited	Inactive
MBC Securities Limited	Active
MBL Financial Services Limited	Inactive – Deregistered by the SEC
Mega Equities Limited	Active
Meristem Stockbrokers Limited	Active
Midas Stockbrokers Limited	Active
Midpoint Capital Limited	Inactive
Milestone Capital Management Limited	Inactive – Deregistered by the SEC
Mission Securities Limited	Active
ML Securities Limited	Inactive
Molten Trust Limited	Active
Monument Securities & Finance Limited	Inactive – Deregistered by the SEC

Morgan Capital Securities Limited	Active
Mountain Investment & Securities Limited	Active
Mutual Alliance Invest & Securities Limited	Inactive
Network Capital Limited	Active
Networth Securities & Finance Limited	Active
Newdevco Investment & Securities Limited	Active
Nigerian International Securities Limited	Active
Nigerian Stockbrokers Limited	Active
Norrenberger Securities Limited	Active
Northbridge Invest & Stockbrokers Limited	Inactive – Reclassified to Sub Broker with the SEC
Nova Finance & Securities Limited	Active
NOVAMBL Securities Limited	Active
Options Securities Limited	Inactive – Reclassified to Sub Broker with the SEC
Osborne Capital Markets Limited	Active
PAC Securities Limited	Active
Parthian Securities Limited	Active
Partnership Securities Limited	Inactive – Deregistered by the SEC
Peace Capital Markets Limited	Active
Perfecta Investment Trust Limited	Inactive – Reclassified to Sub Broker with the SEC
Phronesis Securities Limited	Inactive – Reclassified to Sub Broker with the SEC
Pilot Securities Limited	Active
Pinefields Investment Services Limited	Active
PIPC Securities Limited	Active
Pivot Capital Limited	Active
Planet Capital Limited	Active

Platinum Capital Limited	Inactive – Deregistered by the SEC
PML Securities Company Limited	Inactive – Reclassified to Sub Broker with the SEC
Portfolio Advisers Limited	Active
Premium Capital and Stockbrokers Limited	Active
Primewealth Capital Limited	Active
Professional Stockbrokers Limited	Inactive – Reclassified to Sub Broker with the SEC
Profund Securities Limited	Inactive – Deregistered by the SEC
Prominent Securities Limited	Active
PSL Capital Limited	Active
Pyramid Securities Limited	Active
Qualinvest Capital Limited	Active
Quantum Securities Limited	Inactive
Quantum Zenith Securities & Investments Limited	Active
Rainbow Securities Limited	Active
Readings Investment Limited	Active
Redasel Investment Limited	Inactive – Reclassified to Sub Broker with the SEC
Regency Assets Management Limited	Active
Rencap Securities (Nig) Limited	Active
Resort Securities Limited	Active
Reward Investment & Service Limited	Active
RMB Nigeria Stockbrokers Limited	Active
Rostrum Investment & Securities Limited	Active
Rowet Capital Management Limited	Active
Royal Crest Finance Limited	Active
Royal Guaranty & Trust Limited	active

Royal Trust Securities Limited	Inactive
Sankore Securities Limited	Active
Santrust Securities Limited	Active
Securities & Capital Management Company Limited	Active
Securities Africa Financial Limited	Active
Securities Solutions Limited	Inactive – Deregistered by the SEC
Security Swaps Limited	Active
Shalom Investment & Securities Limited	Active
Shelong Investment Limited	Active
Sigma Securities Limited	Active
Signet Investment & Securities Limited	Active
Skyview Capital Limited	Active
Smadac Securities Limited	Active
Solid Rock Securities & Investment Plc	Active
Spring Board Trust & Investment Limited	Active
Spring Trust & Securities Limited	Active
Stanbic IBTC Stockbrokers Limited	Active
Standard Alliance Capital & Asset Limited	Inactive
Standard Union Securities Limited	Active
StoneX Financial Nigeria Limited	Active
Supra Commercial Trust Limited	Inactive
Surport Services Limited	Inactive – Reclassified to Sub Broker with the SEC
The Bridge Securities Limited	Active
Tiddo Securities Limited	Active
Tomil Trust Limited	Active

Topmost Securities Limited	Active
Tower Asset Management Limited	Inactive – Reclassified to Sub Broker with the SEC
Tower Securities & Investment Company Limited	Active
Trade link Securities Limited	Active
Traders Trust & Investment Company Limited	Active
Transworld Investment & Securities Limited	Active
Trust Yields Securities Limited	Active
Trustbanc Capital Management Limited	Active
Trusthouse Investment Limited	Active
TRW Stockbrokers Limited	Active
Tyndale Securities Limited	Active
UCML Capital Limited	Active
UIDC Securities Limited	Active
UNEX Capital Limited	Active
United Capital Securities Limited	Active
Valmon Securities Limited	Active
Valueline Securities & Investments Limited	Active
Vetiva Securities Limited	Active
Vision Trust & Investment Limited	Inactive – Reclassified to Sub Broker with the SEC
Waila Securities and Funds Limited	Inactive – Reclassified to Sub Broker with the SEC
WCM Capital Limited	Active
WSTC Securities Limited	Active
Yobe Investment Company Limited	Inactive – Reclassified to Sub Broker with the SEC
Zion Stockbrokers & Securities Limited	Active

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Nigerian Exchange Limited

Nigerian Stock Market Dips as Weak Momentum Drains N39 Billion from Investors

Published

1 day ago

September 25, 2023

Investors King

The Nigerian stock market experienced a downturn on Friday as the local bourse closed negatively by 0.11% week-on-week, causing investors to lose N39 billion.

This drop in market performance was primarily attributed to weak market momentum.

Both the market capitalization and the Nigerian Exchange Limited All Share Index ended trading lower at N36.847 trillion and 67,324.59 points, respectively, compared to the previous week’s figures of N36.886 trillion and 67,395.74 basis points.

Despite the overall decline, the total turnover of shares showed an increase as 3.911 billion units worth N30.38 billion were traded in 38,536 deals, against a total of 2.933 billion shares valued at N47.45 billion that were exchanged in 44,654 deals.

The Financial Services Industry led in terms of volume traded with 2.774 billion shares valued at N15.24 billion while the Oil and Gas Industry followed with 438.508 million shares worth N5.20 billion, and the ICT Industry ranked third with 294.470 million shares valued at N4.447 billion.

The Insurance sector emerged as the top gainer during the week with a 3.34% increase, followed by Consumer goods (+2.98%), Banking (+0.61%), and Oil & Gas (+0.56%).

In contrast, the Industrial Goods sector saw a 4.80% decline, primarily due to a decrease in Dangote Cement’s share price.

The week saw 48 equities appreciating in value, 40 equities depreciating, and 67 remaining unchanged. Sunu Assurances topped the gainers’ chart with a 32.91% increase in share price, followed by Ellah Lakes Plc (+28.79%) and E-Tranzact International Plc (+28.57%).

Tantalizers led the losers’ table with a 21.05% dip, followed by Guinea Insurance (-20.69%) and McNichols (-13.33%).

Analysts expect mixed sentiments in the market for the coming week, with positive momentum potentially offset by profit-taking activities. The uncertainty is expected to be fueled by half-year earnings reports and continued portfolio reshuffling in preparation for the quarter-end reporting season.

Investors are advised to stay vigilant and adapt to market dynamics as they navigate these challenging times.

Nigerian Exchange Limited

Dr. Yemi Cardoso’s Nomination Boosts Confidence as Stock Investors Gained N264 Billion

Published

6 days ago

September 20, 2023

Investors King

The bullish momentum in the Nigerian Exchange Limited continued on Tuesday as investors pocketed N264 billion in profit following Monday’s gains of N263 billion.

Both the market capitalization and the All-Share Index, which gauge the movement of share prices for all listed companies surged by 0.71 percent to N37.413 trillion and 68,359.22 points, respectively.

This optimistic trading trend emerges as investors increasingly show confidence in the local market and the broader economy, fueled in part by the news of Dr. Yemi Cardoso’s nomination as the Governor of the Central Bank of Nigeria.

As Tuesday’s session drew to a close, the volume of shares traded experienced a significant uptick of 31.33 percent to 676.74 million. However, the number of deals declined by 8.35 percent to 7,659 while the total trade value decreased by 33.97 percent to N5.89 billion.

Market sentiments also leaned towards the bullish side, with 36 gainers outpacing the 27 losers.

Among the top-performing stocks that caught the attention of investors were:

Berger Paints Plc, which surged by 9.95 percent to conclude the trading day at N11.60.
Oando Plc, which recently released its audited results for 2021, saw a 9.92 percent increase, closing at N13.30.
BUA Foods, which gained 6.32 percent to close at N196.70.
PZ’s shares appreciated by 1.45 percent per unit, ending at N20.
GTCO Plc stock increased in value by 0.43 percent, closing at N35.40.

On the flip side, the top losers included:

SCOA Plc, witnessing a 10 percent depreciation in its shares, closing at N1.24.
Unilever’s shares recorded an 8.28 percent drop, concluding at N13.30.
United Bank for Africa Plc, which lost 1.96 percent in share value, closing at N17.50.
FBN Holdings Plc, suffering a 1.69 percent decline, closing at N17.40.
Accesscorp’s shares depreciated by 0.29 percent, closing trading at N17.40.

The Nigerian Exchange continues to display its resilience and attractiveness to investors, making it an exciting space to watch for potential opportunities and market trends.

Nigerian Exchange Limited

Nigerian Stock Market Sheds N409 Billion Last Week

Published

1 week ago

September 18, 2023

Samed Olukoya

Investors in the Nigerian stock market lost N409 billion last week after weeks of bullish run following President Bola Ahmed Tinubu’s economic restructuring.

During the week, investors traded 2.933 billion shares worth N47.449 billion in 44,654 deals against a total of 2.644 billion shares valued at N45.450 billion that exchanged hands in 44,189 deals in the previous week.

The Financial Services Industry led the activity chart with 1.955 billion shares valued at N26.384 billion that were traded in 21,707 deals. Therefore, contributing 66.67% and 55.61% to the total equity turnover volume and value, respectively.

The Oil and Gas Industry followed with 281.356 million shares worth N5.307 billion that exchanged hands in 4,423 deals. In third place was the Conglomerates Industry, with a turnover of 280.586 million shares worth N1.763 billion in 3,079 deals.

United Bank for Africa Plc, Transnational Corporation Plc and Access Holdings Plc were the three most traded equities in the week. The three accounted for 1.026 billion shares worth N13.649 billion that were transacted in 9,733 deals and contributed 34.98% and 28.77% to the total equity turnover volume and value respectively.

The NGX All-Share Index declined by 1.10% to close the week at 67,395.74 index points from 68,143.34 index points reported in the previous week while market capitalization depreciated by the same 1.10% or N409 billion to close the week at N36.886 trillion.

Similarly, all other indices finished lower with the exception of NGX Insurance, NGX MERI Growth and NGX Growth which appreciated by 0.46%, 0.55% and 4.15% respectively while the NGX ASeM index closed flat.

Thirty-two equities appreciated in price during the week lower than fifty-two equities in the previous week. Fifty-three equities depreciated in price higher than thirty-five in the previous week, while seventy equities remained unchanged, higher than sixtyeight recorded in the previous week.