CardinalStone Tops Nigerian Exchange Trades, Crosses N2trn In 2025

CardinalStone Securities recorded over N2 trillion in transaction value on the Nigerian Exchange Ltd. (NGX) in 2025, becoming the first stockbroking firm in Nigeria to reach the milestone.

This was stated in the NGX’s latest broker performance report. The firm had earlier crossed the N1 trillion mark within the same trading year, making it the first broker to exceed both thresholds in a single period and cementing its position as the NGX’s largest broker by transaction value.

Accounting for 18.3 per cent of total value traded, CardinalStone ranked first on the NGX in 2025, 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 ten brokers executed approximately N7.3 trillion in trades, representing about 61.8 per cent of total value traded on the Exchange.

Speaking on the milestone, Group managing director, CardinalStone Partners, Micheal Nzewi said, “crossing the N2 trillion mark on the NGX is a defining moment for CardinalStone and a strong validation of our 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.”

The managing director, CardinalStone Securities Limited, Peter Omoregie noted that the achievement highlights the firm’s execution strength and growing market influence.

“Leading the NGX by transaction value in a highly competitive environment demonstrates the robustness of our execution capabilities. As market dynamics continue to evolve, we remain focused on deepening liquidity, supporting institutional participation, and setting new benchmarks for performance and professionalism in Nigeria’s equities market,” Omoregie said.

Over the years, CardinalStone has expanded its footprint among domestic institutional investors and high-value clients, while also maintaining strong relationships with international investors and counterparties through a diverse client base that includes leading fund managers across South Africa, North America, the United Kingdom, and Europe. This growth has been supported by active research coverage, a proven ability to execute complex transactions, and operating standards that align with global best practice.

The firm’s approach and market leadership have also received international recognition, including being named Euromoney’s Africa’s Best Broker and Best Equities House, Nigeria, affirming CardinalStone’s growing influence beyond its home market.