List of Stockbrokers in Nigeria Approved by SEC

Last updated on August 26th, 2022 at 03:16 pm

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