Nigeria’s stock market saw a dramatic resurgence in 2025, with the country’s most improved stockbrokers playing a central role in driving record activity on the Nigerian Exchange (NGX). According to NGX data, the top 10 brokers executed trades worth ₦7.3 trillion during the year, accounting for 61.82% of the total market value of all transactions.
This performance represents a sharp 135.39% increase from the ₦3.1 trillion recorded by the same group in 2024, highlighting renewed investor confidence and heightened trading interest across the market. Overall, the total value of trades executed by all Nigerian stockbrokers rose to ₦11.94 trillion in 2025, more than doubling the ₦5.7 trillion recorded a year earlier.
Trading volumes reflected a similar upward trend. Total shares traded climbed from 278.3 billion in 2024 to 452.5 billion shares in 2025, with the top 10 brokers accounting for nearly half (49.41%) of that activity. Market analysts say the figures underscore stronger participation from institutional and retail investors alike, amid improving market sentiment.
Behind the headline numbers were notable shifts in broker performance. Trade value was used as the primary metric in this review, as it captures not only transaction frequency but also trade size and overall market influence. Chapel Hill Denham Securities and Absa Securities Nigeria emerged as standout entrants, joining the top 10 for the first time in 2025 with ₦1.01 trillion and ₦426 billion in executed trades, respectively. United Capital, however, fell out of the ranking after posting ₦316.1 billion in trades, a 7% decline year-on-year.
Stanbic IBTC Stockbrokers Limited rounded out the top seven most improved brokers, recording a 14.42% increase in trade value to ₦735.5 billion in 2025, up from ₦642.8 billion in 2024. While its overall market share by value declined to 6.16% from 11.26% the previous year, the broker remained a major player, contributing nearly 10% of the ₦7.3 trillion executed by the top 10 firms. On the volume side, Stanbic ranked seventh, facilitating 14.3 billion shares, slightly below its 2024 total.
source: Nairametrics