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
Bought share in First Inland Bank 2007 , waited for certificate to no avail , checked after some years , name of Bank changed , went to the Bank branch,they said that the agent of the Bank is not around that I should check next time and after so many attempts ,I loosed hope of recovering anything . Now I wish to try once more to recover my money. Help by contacting me on 08051152607.
Hello Innocent,
Follow the guide below to get your FinBank Dividend
FinBank was acquired by First City Monument Bank (FCMB) in 2012, as such, FCMB will be able to guide you on how to get your dividend provided you have a copy of share certificate.
For instance, EcoBank which acquired Oceanic in 2011, sent me a copy of the share certificate that bears the name of the name owners (EcoBank), till date I get dividends paid into my account.
In your own case, it’s advisable to contact First Registrars & Investor Services Ltd (FCMB Share registrar) for details on how to fill the E-divided form.
First Registrars & Investor Services Ltd is located at: 2 Abebe Village Rd, Iganmu 12242, Lagos and you find the website at firstregistrarsnigeria.com
The registrar will help you further.
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