Stockbrokers in Nigeria

List of Stockbrokers in Nigeria Approved by SEC

Last Updated on January 6, 2022 by Ope Quadri

Some years back buying stocks was done through a paper application which meant that anyone who wanted to buy shares had to locate a physical address of stockbrokers in Nigeria to purchase a public offer.

Today, buying shares and other securities are digital, the application is done online. The recent announcement about the sales of MTN Shares in Nigeria is one of the ways technology has redefined the way anyone can invest on the go hassle-free.

To buy shares in Nigeria, you need a Nigerian stockbroker that’s approved by the Securities and Exchange Commission (SEC), Nigeria’s regulatory authority in the capital market.

Apart from being approved by SEC Nigeria, such stockbrokers must also have a certificate of incorporation from CAC and must also be a member of the Nigerian Stock Exchange now known as Nigerian Exchange Limited (NGX Exchange), the developer of PrimaryOffer App

So…

Who is a stockbroker?

A stockbroker is a certified person or a registered company whose job is to buy and sell shares and stocks to people who want to invest. Most time, a stockbroker charges a fee known as a commission for a job done.

In Nigeria, the activities of stockbrokers are regulated by the Securities and Exchange Commission (SEC). SEC Nigeria has the statutory powers to withdraw the certificate of any stock brokerage company that indulged in any dubious act or manipulation.

Approved stockbrokers in Nigeria

Below is a list of top stock brokers in Nigeria, most of them have their operational headquarters in Lagos, Nigeria’s commercial capital

In this list, we’ve also included the official website and email addresses of the stock brokerage companies.

Stockbrokers in Nigeria Year of Incorporation Official website/email address
Supra Commercial Trust Company Limited February 7, 1990 supragrand.com

info@supracommercial.com

The Bridge Securities Limited September 2006 thebridgesecurities.com

info@thebridgesecurities.com

Tiddo Securities Limited October 15, 1990 tiddosecurities.com

headoffice@tiddosecurities.com

 

Tomil Trust Limited May 1996 tomiltrustlimited.com

info@tomitrustlimited.com

Absa Securities Nigeria Limited December 14, 2017 absa.africa/absaafrica/country-operations

abcapNigeria@absa.africa

Edgefield Capital Management Limited June 21, 2005 edgefieldng.com

olubode.olatunji@edgefieldng.com

Century Securities Limited October 5, 1989 centurysecuritiesng.com

info@centurysecuritiesng.com

 

Calyx Securities Limited September 16, 1990 calyxsec.com

info@calyxsec.com

Belfry Investment & Securities Limited April 26, 1976 belfryinvestmentslimited.com
Anchoria Investment & Securities Limited 1994 anchoriaonline.com

info@anchoriaonline.com

Afrinvest Securities Limited August 1, 2004 afrinvest.com

info@afrinvest.com

Bauchi Investment Corporation Securities Limited November 27, 2007 bauchisecurities.com

info@bauchisecurities.com

Camry Securities Limited August 2, 1994 camrysecurities.com

info@camrysecurities.com

Citi Investment Capital Limited July 3, 2006 Not available
Bestworth Assets & Trust Limited February 11, 1996 bestworth-ltd.com

info@bestworthltd.com

Capital Assets Limited December 27, 1995 capitalassets.com.ng

info@capitalassets.com.ng

Forthright Securities & Investments Limited December 13, 1995 forthrightsec.com

brokerageteam@forthrightsec.com

Cordros Securities Limited May 4, 2015 cordros.com

contactcentre@cordros.com

Stanbic IBTC Stockbrokers Limited June 26, 1986 stanbicibtcstockbrokers.com

stockbroking@stanbicibtc.com

Fortress Capital Limited March 13, 1996 fortresscapitalng.com

info@fortresscapitalng.com

Chapel Hill Denham Securities Limited June 20, 2005 chapelhilldenham.com
Foresight Securities & Investment Limited October 24, 1995 foresightsecuritiesltd.com.ng

info@foresightsecuritiesltd.com.ng

Chartwell Securities Limited March 29, 2007 chartwell.com.ng

info@chartwell.com.ng

City Code Trust & Invest Company Limited May 8, 1990 Not available
Compass Investments & Securities Limited May 19, 2005 compasssecurities.net
FIS Securities Limited 1989 fissecurities.com

hoggot@fissecurities.com

Cowry Securities Limited July 25, 2010 cowryasset.cinfo@cowryasset.com
APT Securities & Funds Limited June 9, 1991 aptsecurities.com

info@aptsecurities.com

Coronation Securities Limited August 9, 2011 coronationsl.com

crc@coronationmb.com

DLM Securities Limited January 14, 2003 dlm.group

info@dlm.group

Arthur Stevens Asset Management Limited September 6, 2000 arthursteven.com

info@arthursteven.com

Crossworld Securities Limited August 12, 1984 crossworldsec.biz

info@crossworldsec.biz

Associated Asset Managers Limited November 18, 2004 samtlng.com

info@samtlng.com

De-Lords Securities Limited 1996 de-lords.com

 

Centre Point Investment Limited December 5, 1979 centrepointng.com

info@centrepointng.com

 

DSU Brokerage Services Limited July 8, 2009 dsbs.com.ng

info@dsbs.com.ng

Dunbell Securities Limited December 10, 2008 dunbellsecuritieslimited.com

info@dunbellsecuritieslimited.com

Ava Securities Limited April 29, 2009 avacapitalgroup.com

info@avacapitalgroup.com

Core Securities Limited June 5, 2002 coresecuritiesltd.com

info@coresecuritiesltd.com

Dominion Trust Limited Not available dominionng.com

info@dominionng.com

Dynamic Portfolio Limited June 7, 1993 dynamicportfolio.com

customerservice@dynamicportfolio.com

Crown Capital Limited May 8, 2002 crowncapitalng.com

info@crowncapitalng.com

CSL Stockbrokers Limited September 27, 1977 cslstockbrokers.com

cslservice@fcmb.com

Apel Asset Limited August 30, 2004 apel.com.ng

customercare@apel.com.ng

 

Atlass Portfolio Limited July 26, 2002 atlassportfolios.com

info@atlassportfolios.com

ARM Securities Limited 2004 armsecurities.com.ng

customerservice@armsecurities.com.ng

Note:

This list is to make it easier for Nigerians who want to buy shares through a stockbroker. They can help investors facilitate the setting up of a CSCS account.

Most of the stock brokerage firms in this compilation embrace technology, as such, they make it possible for an investor to set up their account online. If you called them online stockbrokers, you’re definitely not wrong

Stockbrokers in Nigeria Year of establishment URL/Email address
Standard Union Securities Limited July 6, 1997 standardun.com

office@standardun.com

Lambeth Capital Limited March 31, 2004 lambethcapital.com.ng

info@lambethcapital.com.ng

Kapital Care Trust & Securities Limited May 31, 2005 kapitalcaretrust.com

lagos@kapitalcaretrust.com

Kedari Capital Limited July 21, 2008 kedaricapital.com

info@kedaricapital.com

Kofana Securities & Investment Limited June 20, 2006 kofanasecurities.ng

info@kofanasecurities.ng

Growth & Development Asset Management Limited Not available gdl.com.ng

customerservice@gdl.com.ng

Greenwich Securities Limited August 27, 2006 greenwichbankgroup.com

customercare@greenwichbankgroup.com

Financial Trust Company Nigeria Limited May 10, 1976 financialtrustgroup.com

info@financialtrustgroup.com

First Integrated Capital Management Limited April 29, 1998 ficml.com

info@ficml.com

Funds Matrix & Asset Management Limited May 22, 2007 fundsmatrix.com.ng

info@fundsmatrix.com.ng

EFG Hermes Nigeria Limited Nov. 15, 1993 efghermes.com/en/nigeria

media@efg-hermes.com

Capital Express Securities Limited Nov. 12, 1990 capitalexpresssecurities.com

info@capitalexpresssecurities.com

Eurocomm Securities Limited June 29, 2000 eurocommsecurities.com

euro@eurocommsecurities.com

Finmal Finance Services Limited Dec 21, 1987 finmalfinance.net

info@finmalfinance.net

Harmony Investment & Securities Limited 1985 harmonysecuritiesltd.com.ng

info@harmonysecuritiesltd.com.ng

Fidelity Finance Company Limited Oct 1, 1987 fidelityfinanceng.com

info@fidelityfinanceng.com

Capital Trust Brokers Limited Dec. 14, 1968 ctb-ng.com

info@ctb-ng.com

Fundvine Capital & Securities Limited Aug. 20, 2015 fundvinesecurities.com

info@fundvinesecurities.com

Global Asset Management (Nig) Limited July 14, 1992 globalasset-ng.com

info@globalasset-ng.com

Equity Capital Solutions Limited July 10, 2006 equitycapitalsolution-ng.com

info@equitycapitalsolution-ng.com

Globalview Capital Limited Sep. 23, 1997 globalviewng.com

customerservice@globalviewng.com

FBNQuest Securities Limited July 22, 1991 fbnquest.com

fbncapitalngr@gmail.com

Integrated Trust & Investments Limited Sept. 1990 integratedtrustng.com

 

Investors & Trust Company Limited Oct. 17, 1989 investorsandtrust.com

info@investorasandtrust.com

Cashcraft Securities Limited Dec. 21, 2003 cashcraft.com

lagos@cashcraft.com

CardinalStone Securities Limited April 3, 2008 cardinalstonesecurities.com

Info@cardinalstone.com

Heritage Capital Markets Limited April 6, 2000 heritagecapitals.com.ng

info@heritagecapitals.com.ng

Investment One Stockbrokers Int’l Limited (INVESTMENT ONE Financial Services Limited owned by GTCO) Jan 13, 2008 investment-one.com

enquiries@investment-one.com

FSL Securities Limited Oct. 23, 1989 fsl.ng

info@fsl.ng

Futureview Securities Limited March 1993 futureviewgroup.com

 

info@futureviewgroup.com

 

GTI Securities Limited Aug. 15, 2010 securities.gti.com.ng

headoffice@gti.com.ng

FSDH Securities Limited July 24, 1995 fsdhcapital.com

fsdhcapital@fsdhgroup.com

FBC Trust & Securities Limited March 13, 1996 fbcfinancialservices.com.ng

info@fbcfinancialservices.com.ng

Kinley Securities Limited Feb. 26, 1997 kinleysecuritiesltd.com

info@kinleysecurities.com

ICMG Securities Limited Oct. 2, 1991 icmgsecuritiesng.com

lagos@icmgsecuritiesng.com

Gruene Capital Limited July 14, 2003 gruenecapital.com
Interstate Securities Limited Feb. 20, 1985 interstatesecurities.com

info@interstatesecurities.com

Golden Securities Limited Jan 18, 1988 goldensecuritiesltd.com

info@goldensecuritiesltd.com

Icon Stockbrokers Limited (formerly ICON NOMINEES LIMITED June 30, 1962) 1973 iconstockbrokersltd.com

info@iconstockbrokersltd.com

Capital Bancorp Plc June 12, 1988 capitalbancorpgroup.com

info@capitalbancorpgroup.com

Other stock brokerage companies in Nigeria are:

  • Lead Securities & Investment Limited
  • Lighthouse Asset Management Limited
  • Magnartis Finance & Investment Limited
  • Mainstreet Bank Securities Limited
  • Maxifund Investment & Securities Plc
  • MBC Securities Limited
  • Mega Equities Limited
  • Meristem Stockbrokers Limited
  • Midas Stockbrokers Limited
  • Mission Securities Limited
  • Molten Trust Limited
  • Morgan Capital Securities Limited
  • Mountain Investment & Securities Limited
  • Network Capital Limited
  • Networth Securities & Finance Limited
  • Newdevco Investment & Securities Limited
  • Nigerian International Securities Limited
  • Nigerian Stockbrokers Limited
  • Nova Finance & Securities Limited
  • Osborne Capital Markets Limited
  • PAC Securities Limited
  • Peace Capital Markets Limited
  • Pilot Securities Limited
  • Pinefields Investment Services Limited
  • PIPC Securities Limited
  • Pivot Capital Limited
  • Planet Capital Limited
  • Portfolio Advisers Limited
  • Premium Capital and Stockbrokers Limited
  • Primewealth Capital Limited
  • Prominent Securities Limited
  • PSI Securities Limited
  • Pyramid Securities Limited
  • Qualinvest Capital Limited
  • Quantum Zenith Securities & Investments Limited
  • Rainbow Securities Limited
  • Readings Investment Limited
  • Regency Assets Management Limited
  • Rencap Securities (Nig) Limited
  • Resort Securities Limited
  • Reward Investment & Service Limited
  • RMB Nigeria Stockbrokers Limited
  • Tower Securities & Investment Company Limited
  • Trade link Securities Limited
  • Traders Trust & Investment Company Limited
  • Transworld Investment & Securities Limited
  • Zion Stockbrokers & Securities Limited
  • Trustbanc Capital Management Limited
  • Rostrum Investment & Securities Limited
  • Rowet Capital Management Limited
  • Royal Crest Finance Limited
  • Royal Guaranty & Trust Limited
  • Sankore Securities Limited
  • Securities & Capital Management Company Limited
  • Securities Africa Financial Limited
  • Security Swaps Limited
  • Shalom Investment & Securities Limited
  • Sigma Securities Limited
  • Signet Investment & Securities Limited
  • Skyview Capital Limited
  • Smadac Securities Limited
  • Spring Trust & Securities Limited
 References:
  • CAC Company Search portal at search.cac.gov.ng
  • Official portal/website of stockbrokers
  • Official Facebook page of the stockbrokers
  • Featured image By investorsking

1 thought on “List of Stockbrokers in Nigeria Approved by SEC”

  1. I found it difficult to create my account,
    After the last stage of creating the account, I was ask to go to my email to receive a six digit code ( otp), but when I check my email sparm I couldn’t receive it, so leave it for some hours, but when I came back to continue it refuse to move, and when i want to create a new one, they are telling me my Bvn is been use already,. Pls help

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