Top 10 Nigerian Stockbrokers in Q1 2026 Ranked by Trade Value as NGX Hits N4.17 Trillion Turnover

The Nigerian Exchange (NGX) has released its Q1 2026 broker performance report, ranking the top Nigerian stockbrokers by the value of trades they executed between January and March. The data highlights the key players driving liquidity in the equities market during a period of strong investor activity.

According to the report, total market transactions facilitated by stockbrokers reached an impressive N4.17 trillion in Q1 2026. Out of this, the top 10 stockbroking firms accounted for 53.65% of the total value, translating to about N2.2 trillion. In terms of market activity, a total of 117.9 billion shares were traded, with nearly half of that volume executed by the leading 10 brokers.

The performance underscores a robust start to the year for the Nigerian equities market, which delivered a 29.35% return in Q1 2026. Much of this momentum was supported by active participation from institutional and retail investors, facilitated through stockbrokers who remain central to market liquidity and price discovery.

Among the standout performers, APT Securities and Funds ranked 10th by trade value, executing transactions worth N95.6 billion. This accounted for 2.29% of total market turnover and 4.27% of the top 10 brokers’ combined value. While the firm had previously ranked higher in Q1 2025, its current position still reflects strong market relevance despite not featuring in the top volume rankings this quarter.

Overall, the Q1 2026 broker rankings reinforce the concentration of trading activity within a relatively small group of firms, with the top 10 stockbrokers continuing to dominate both value and volume on the NGX. As market participation expands and investor confidence strengthens, competition among brokerage firms is expected to intensify in the coming quarters.

source: nairametrics