The Nigerian Exchange (NGX) has released its broker performance report for the first quarter of 2026, offering a clear snapshot of the firms driving activity in the country’s equities market. The ranking is based on transaction value and trading volume, highlighting the most active stockbrokers between January and March 2026.
According to the report, total market transactions facilitated by Nigerian stockbrokers reached N4.17 trillion, with the top 10 brokers accounting for 53.65% of that value, representing about N2.2 trillion. In terms of activity, the market recorded a cumulative 117.9 billion shares traded, with nearly half executed by the leading brokers.
Market performance in Q1 2026 was also strong, with the Nigerian equities market delivering a 29.35% return, driven largely by sustained investor participation and broker-facilitated trades. The NGX noted that ranking brokers by transaction value reflects not just trading frequency but also the financial scale and impact of deals executed.
At the bottom of the top 10 ranking, APT Securities and Funds (BRD) came in at 10th place, executing trades worth N95.6 billion, representing 2.29% of total market transactions and 4.27% of the top 10’s combined value. While the firm did not appear in the top 10 by volume in Q1 2026, its transaction value remained strong enough to secure its position on the list.
In comparison to the previous year, APT Securities showed mixed performance, having ranked 3rd by value in Q1 2025 with N144.46 billion and 8th by volume with over 2.21 billion shares traded. Despite the drop in ranking, the firm maintained a significant presence in Nigeria’s evolving capital market landscape.
source: nairametrics