Top 10 best-performing Nigerian stockbrokers by transaction value – April 2026

The top 10 Nigerian stockbrokers facilitated transactions worth N949.8 billion in April 2026, a sharp increase from N275.6 billion recorded in April 2025.

This is according to the latest broker performance report released by the Nigerian Exchange Group, which ranks stockbrokers by the value and volume of trades executed on the market.

In total, stockbrokers on the Exchange traded shares worth N1.81 trillion during the month, with the top 10 firms accounting for 52.37% of overall market activity.

The Exchange also ranked brokers by trading volume, with the leading 10 firms executing 16.1 billion shares in April 2026, compared with 7.4 billion units in April 2025.

Strong trading activity mirrored the bullish momentum in the Nigerian equities market, with the All-Share Index posting a 20.36% return during April 2026.

Against this backdrop, the stockbrokers in this report are ranked by transaction value, which reflects not only the number of shares traded but also the financial weight and significance of those transactions.

Below are the top 10 stockbroking firms by transaction value for trades executed on the Nigerian Exchange between April 1 and April 30, 2026.

QCapitalLimited (N39.2 billion) 

QCapital Limited ranks 10th on the list, recording N39.2 billion worth of shares executed in April 2026.

This represents 2.17% of the total N1.81 trillion traded in the market during the month and 4.14% of the combined value handled by the top 10 stockbrokers.

On the volume chart, QCapital also performed strongly, ranking 5th after executing 1.26 billion shares, which accounted for 3.73% of total broker-driven activity.

This reflects a clear improvement from April 2025, when the firm did not feature in either the value or volume rankings.

Lambeth Capital Limited (N41.1 billion)

Lambeth Capital Limited holds the 9th position on the ranking, with total transactions valued at N41.1 billion in April 2026.

This contribution accounts for 2.27% of the overall market value executed by all stockbrokers during the month and 4.3% of the N949.8 billion generated by the top 10 firms.

In terms of volume, the firm also delivered a strong performance, placing 4th after facilitating 1.38 billion shares, representing 4.06% of total brokerage activity for the period.

This marks a notable rise in performance compared to April 2025, when Lambeth Capital was absent from both the value and volume rankings.

United Capital Securities Limited (N45.1 billion)

United Capital Securities Limited occupies the 8th position, recording N45.1 billion worth of shares executed in April 2026.

The firm’s contribution reflects 2.49% of total market transactions across all stockbrokers during the month, alongside 4.75% of the combined value generated by the top 10 players.

On the volume chart, the firm ranked 10th after executing 832.7 million shares, representing 2.45% of total brokerage activity for the period.

Compared to April 2025, when it ranked 6th by value at N14.7 billion and 8th by volume with 569.6 million shares, the latest figures show a clear expansion in trading activity.

Coronation Securities Limited (N47.01 billion)

Coronation Securities Limited takes the 7th position, with N47.01 billion worth of shares executed in April 2026.

Its trading activity accounts for 2.59% of the total N1.81 trillion executed across the market and 4.95% of the value processed by the top 10 stockbrokers.

In terms of volume, the firm delivered a standout performance, ranking 3rd after processing 1.6 billion shares, representing 4.87% of total broker-driven transactions for the month.

Relative to April 2025, when it did not appear on either the volume or value list, the current performance signals a firmer foothold across both trading size and market activity.

First Securities Brokers Limited (N49.9 billion)

First Securities Brokers Limited occupies the 6th position, recording N49.9 billion worth of shares executed in April 2026.

This accounts for 2.75% of the total N1.81 trillion traded across the market and 5.26% of the combined value generated by the top 10 stockbrokers.

Despite its strong value performance, the firm did not feature on the top 10 volume chart, indicating that fewer but higher-value transactions defined its activity during the period.

Compared with April 2025, when it ranked 4th by value at N21.5 billion and 2nd by volume with 902.6 million shares, the latest results point to a shift toward higher-value trades despite reduced volume presence.

Meristem Stockbrokers Limited (N81.02 billion)

Meristem Stockbrokers Limited holds the 5th position, with N81.02 billion worth of shares executed in April 2026.

This contribution accounts for 4.47% of the total N1.81 trillion transacted across the market and 8.53% of the combined value recorded by the top 10 stockbrokers.

On the volume side, the firm posted a standout performance, moving 1.9 billion shares to rank 2nd overall, a significant jump from 615.7 million shares in April 2025.

In the prior year, it stood at 9th place on the value chart with N13.2 billion, making the current outcome a marked expansion in both trading scale and market presence.

EFG Hermes Nigeria Limited (N96.1 billion)

EFG Hermes Nigeria Limited occupies the 4th spot, with N96.1 billion worth of shares executed in April 2026.

Overall contribution stood at 5.30% of the total N1.81 trillion traded by all stockbrokers during the month, alongside 10.12% of the combined value generated by the top 10 firms.

Although absent from the volume rankings, the firm’s activity was clearly value-driven, contrasting with April 2025 when 725.5 million shares placed it 4th on the volume chart.

In the previous year, it ranked 3rd by value with N40 billion in transactions, indicating a strong upward shift in trading value in 2026.

Stanbic IBTC Stockbrokers Limited (N104.1 billion)

Stanbic IBTC Stockbrokers Limited takes the 3rd position, recording N104.1 billion worth of shares executed in April 2026.

Market participation from the firm accounted for 5.74% of the total N1.81 trillion transacted by all Nigerian stockbrokers during the month and 10.97% of the combined value attributed to the top 10 players.

On the volume ranking, the firm also maintained visibility, placing 7th after handling 1.09 billion shares, which represented 3.22% of overall brokerage-driven activity in the market.

Compared with 2025, when it ranked 8th by value at N13.4 billion and was absent from the volume chart, the latest performance reflects a significant expansion in both scale and market footprint.

CordrosSecurities Limited – BRD (N124.06 billion) 

Cordros Securities Limited ranks 2nd, with N124.06 billion worth of shares executed in April 2026.

Its trading activity contributed 6.84% of the total N1.81 trillion recorded across all Nigerian stockbrokers during the month and 13.06% of the combined value generated by the top 10 firms.

Despite its strong value performance, the firm did not appear on the volume chart, indicating that while trade sizes were significant, they were not sufficient in quantity to meet volume ranking.

In April 2025, Cordros held the top position by value with N70.7 billion and also ranked 5th by volume with 651.04 million shares, highlighting a sharp rise in transaction value in 2026.

CardinalStoneSecurities Limited (N321.9 billion) 

CardinalStone Securities Limited leads the ranking, executing N321.9 billion worth of shares in April 2026.

Its activity alone contributed 17.75% of the total N1.81 trillion traded by all Nigerian stockbrokers and accounted for 33.90% of the combined value generated by the top 10 firms.

Dominance also extended to trading volume, where the firm topped the chart with 5 billion units, representing 14.73% of total market-wide brokerage activity.

Relative to April 2025, when it ranked 2nd by value at N60.4 billion and recorded 1.7 billion units in volume, the latest figures reflect a decisive rise in both scale and market leadership.

The top 10 Nigerian stockbrokers facilitated transactions worth N949.8 billion in April 2026, a sharp increase from N275.6 billion recorded in April 2025.

This is according to the latest broker performance report released by the Nigerian Exchange Group, which ranks stockbrokers by the value and volume of trades executed on the market.

In total, stockbrokers on the Exchange traded shares worth N1.81 trillion during the month, with the top 10 firms accounting for 52.37% of overall market activity.

The Exchange also ranked brokers by trading volume, with the leading 10 firms executing 16.1 billion shares in April 2026, compared with 7.4 billion units in April 2025.

Strong trading activity mirrored the bullish momentum in the Nigerian equities market, with the All-Share Index posting a 20.36% return during April 2026.

Against this backdrop, the stockbrokers in this report are ranked by transaction value, which reflects not only the number of shares traded but also the financial weight and significance of those transactions.

Below are the top 10 stockbroking firms by transaction value for trades executed on the Nigerian Exchange between April 1 and April 30, 2026.

QCapitalLimited (N39.2 billion) 

QCapital Limited ranks 10th on the list, recording N39.2 billion worth of shares executed in April 2026.

This represents 2.17% of the total N1.81 trillion traded in the market during the month and 4.14% of the combined value handled by the top 10 stockbrokers.

On the volume chart, QCapital also performed strongly, ranking 5th after executing 1.26 billion shares, which accounted for 3.73% of total broker-driven activity.

This reflects a clear improvement from April 2025, when the firm did not feature in either the value or volume rankings.

Lambeth Capital Limited (N41.1 billion)

Lambeth Capital Limited holds the 9th position on the ranking, with total transactions valued at N41.1 billion in April 2026.

This contribution accounts for 2.27% of the overall market value executed by all stockbrokers during the month and 4.3% of the N949.8 billion generated by the top 10 firms.

In terms of volume, the firm also delivered a strong performance, placing 4th after facilitating 1.38 billion shares, representing 4.06% of total brokerage activity for the period.

This marks a notable rise in performance compared to April 2025, when Lambeth Capital was absent from both the value and volume rankings.

United Capital Securities Limited (N45.1 billion)

United Capital Securities Limited occupies the 8th position, recording N45.1 billion worth of shares executed in April 2026.

The firm’s contribution reflects 2.49% of total market transactions across all stockbrokers during the month, alongside 4.75% of the combined value generated by the top 10 players.

On the volume chart, the firm ranked 10th after executing 832.7 million shares, representing 2.45% of total brokerage activity for the period.

Compared to April 2025, when it ranked 6th by value at N14.7 billion and 8th by volume with 569.6 million shares, the latest figures show a clear expansion in trading activity.

Coronation Securities Limited (N47.01 billion)

Coronation Securities Limited takes the 7th position, with N47.01 billion worth of shares executed in April 2026.

Its trading activity accounts for 2.59% of the total N1.81 trillion executed across the market and 4.95% of the value processed by the top 10 stockbrokers.

In terms of volume, the firm delivered a standout performance, ranking 3rd after processing 1.6 billion shares, representing 4.87% of total broker-driven transactions for the month.

Relative to April 2025, when it did not appear on either the volume or value list, the current performance signals a firmer foothold across both trading size and market activity.

First Securities Brokers Limited (N49.9 billion)

First Securities Brokers Limited occupies the 6th position, recording N49.9 billion worth of shares executed in April 2026.

This accounts for 2.75% of the total N1.81 trillion traded across the market and 5.26% of the combined value generated by the top 10 stockbrokers.

Despite its strong value performance, the firm did not feature on the top 10 volume chart, indicating that fewer but higher-value transactions defined its activity during the period.

Compared with April 2025, when it ranked 4th by value at N21.5 billion and 2nd by volume with 902.6 million shares, the latest results point to a shift toward higher-value trades despite reduced volume presence.

Meristem Stockbrokers Limited (N81.02 billion)

Meristem Stockbrokers Limited holds the 5th position, with N81.02 billion worth of shares executed in April 2026.

This contribution accounts for 4.47% of the total N1.81 trillion transacted across the market and 8.53% of the combined value recorded by the top 10 stockbrokers.

On the volume side, the firm posted a standout performance, moving 1.9 billion shares to rank 2nd overall, a significant jump from 615.7 million shares in April 2025.

In the prior year, it stood at 9th place on the value chart with N13.2 billion, making the current outcome a marked expansion in both trading scale and market presence.

EFG Hermes Nigeria Limited (N96.1 billion)

EFG Hermes Nigeria Limited occupies the 4th spot, with N96.1 billion worth of shares executed in April 2026.

Overall contribution stood at 5.30% of the total N1.81 trillion traded by all stockbrokers during the month, alongside 10.12% of the combined value generated by the top 10 firms.

Although absent from the volume rankings, the firm’s activity was clearly value-driven, contrasting with April 2025 when 725.5 million shares placed it 4th on the volume chart.

In the previous year, it ranked 3rd by value with N40 billion in transactions, indicating a strong upward shift in trading value in 2026.

Stanbic IBTC Stockbrokers Limited (N104.1 billion)

Stanbic IBTC Stockbrokers Limited takes the 3rd position, recording N104.1 billion worth of shares executed in April 2026.

Market participation from the firm accounted for 5.74% of the total N1.81 trillion transacted by all Nigerian stockbrokers during the month and 10.97% of the combined value attributed to the top 10 players.

On the volume ranking, the firm also maintained visibility, placing 7th after handling 1.09 billion shares, which represented 3.22% of overall brokerage-driven activity in the market.

Compared with 2025, when it ranked 8th by value at N13.4 billion and was absent from the volume chart, the latest performance reflects a significant expansion in both scale and market footprint.

CordrosSecurities Limited – BRD (N124.06 billion) 

Cordros Securities Limited ranks 2nd, with N124.06 billion worth of shares executed in April 2026.

Its trading activity contributed 6.84% of the total N1.81 trillion recorded across all Nigerian stockbrokers during the month and 13.06% of the combined value generated by the top 10 firms.

Despite its strong value performance, the firm did not appear on the volume chart, indicating that while trade sizes were significant, they were not sufficient in quantity to meet volume ranking.

In April 2025, Cordros held the top position by value with N70.7 billion and also ranked 5th by volume with 651.04 million shares, highlighting a sharp rise in transaction value in 2026.

CardinalStoneSecurities Limited (N321.9 billion) 

CardinalStone Securities Limited leads the ranking, executing N321.9 billion worth of shares in April 2026.

Its activity alone contributed 17.75% of the total N1.81 trillion traded by all Nigerian stockbrokers and accounted for 33.90% of the combined value generated by the top 10 firms.

Dominance also extended to trading volume, where the firm topped the chart with 5 billion units, representing 14.73% of total market-wide brokerage activity.

Relative to April 2025, when it ranked 2nd by value at N60.4 billion and recorded 1.7 billion units in volume, the latest figures reflect a decisive rise in both scale and market leadership.