10 Brokers Control 54.84% Of Equities Market Turnover, Pull N8.3trn in 9months

Market activity on the Nigerian Exchange (NGX) remained highly concentrated in the first nine months of 2026, with just 10 stockbroking firms accounting for 54.84 per cent of total value traded between January 1 and September 30, 2026.
According to the NGX Broker Performance Report for the period, the top 10 firms traded a combined N8.357 trillion worth of equities.
CardinalStone Securities ranked first by value traded during the nine-month period, with transactions worth N2.02 trillion, representing 13.28 per cent of the market’s total value.
Cordros Securities followed with N1.40 trillion, giving it a 9.18 per cent share of total value traded, Stanbic IBTC Stockbrokers recorded N1...