CardinalStone Securities recorded over N2 trillion in transaction worth on the Nigerian Alternate Ltd. (NGX) in 2025, turning into the primary stockbroking agency in Nigeria to achieve the milestone.
This was said within the NGX’s newest dealer efficiency report. The agency had earlier crossed the N1 trillion mark throughout the identical buying and selling yr, making it the primary dealer to exceed each thresholds in a single interval and cementing its place because the NGX’s largest dealer by transaction worth.
Accounting for 18.3 per cent of whole worth traded, CardinalStone ranked first on the NGX in 2025, forward 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 highest ten brokers executed roughly N7.3 trillion in trades, representing about 61.8 per cent of whole worth traded on the Alternate.
Talking on the milestone, Group managing director, CardinalStone Companions, Micheal Nzewi mentioned, “crossing the N2 trillion mark on the NGX is a defining second for CardinalStone and a powerful validation of our long-term technique. It underscores the depth of belief our shoppers place in us, the energy of home capital in driving market exercise, and our dedication to delivering constant execution, insight-driven analysis, and modern options that assist the continued improvement of Nigeria’s capital markets.”
The managing director, CardinalStone Securities Restricted, Peter Omoregie famous that the achievement highlights the agency’s execution energy and rising market affect.
“Main the NGX by transaction worth in a extremely aggressive atmosphere demonstrates the robustness of our execution capabilities. As market dynamics proceed to evolve, we stay targeted on deepening liquidity, supporting institutional participation, and setting new benchmarks for efficiency and professionalism in Nigeria’s equities market,” Omoregie mentioned.
Through the years, CardinalStone has expanded its footprint amongst home institutional buyers and high-value shoppers, whereas additionally sustaining sturdy relationships with worldwide buyers and counterparties by way of a various shopper base that features main fund managers throughout South Africa, North America, the UK, and Europe. This development has been supported by lively analysis protection, a confirmed capability to execute complicated transactions, and working requirements that align with world greatest follow.
The agency’s strategy and market management have additionally obtained worldwide recognition, together with being named Euromoney’s Africa’s Greatest Dealer and Greatest Equities Home, Nigeria, affirming CardinalStone’s rising affect past its residence market.
