CardinalStone Securities recorded over N2tn in transaction value on the Nigerian Exchange Limited in 2025, becoming the first stockbroking firm in Nigeria to reach the milestone, according to the Exchange’s latest broker performance report.
The firm had earlier crossed the N1tn mark within the same trading year, making it the first broker to exceed both thresholds in a single period and consolidating its position as the NGX’s largest broker by transaction value.
CardinalStone accounted for 18.3 per cent of total value traded on the Exchange in 2025, ranking first ahead of Chapel Hill Denham Securities, Stanbic IBTC Stockbrokers, First Securities Brokers, Cordros Securities, Meristem Stockbrokers, EFG Hermes Nigeria, ABSA Securities Nigeria, APT Securities and Funds, and United Capital Securities.
Collectively, the top 10 brokers executed about N7.3tn in trades, representing approximately 61.8 per cent of the total value traded on the NGX during the year.
Commenting on the milestone, the Group Managing Director of CardinalStone Partners, Micheal Nzewi, said crossing the N2tn mark was a defining moment for the firm and a validation of its long-term strategy.
“It underscores the depth of trust our clients place in us, the strength of domestic capital in driving market activity, and our commitment to delivering consistent execution, insight-driven research, and innovative solutions that support the continued development of Nigeria’s capital markets,” Nzewi said.
Also, the Managing Director of CardinalStone Securities Limited, Peter Omoregie, said the performance highlighted the firm’s execution strength and growing influence in the market.
“Leading the NGX by transaction value in a highly competitive environment demonstrates the robustness of our execution capabilities. As market dynamics evolve, we remain focused on deepening liquidity, supporting institutional participation, and setting new benchmarks for performance and professionalism in Nigeria’s equities market,” he said.
Over the years, CardinalStone has expanded its presence among domestic institutional investors and high-value clients while maintaining relationships with international investors across South Africa, North America, the United Kingdom and Europe. The firm said its growth has been supported by active research coverage, the execution of complex transactions and operating standards aligned with global best practice.
CardinalStone has also received international recognition, including being named Euromoney’s Africa’s Best Broker and Best Equities House, Nigeria.
