The Nigerian Exchange has published its Q1 2026 broker performance report, detailing the value and volume of trades executed by stockbrokers during the first quarter of the year.

In Q1 2026, total transactions facilitated by Nigerian stockbrokers reached N4.17 trillion in value. The top 10 firms alone were responsible for a significant portion, accounting for 53.65% of this total, which equates to N2.2 trillion.

The Exchange also reported a cumulative trading volume of 117.9 billion shares. Of this volume, 48.59% was executed by the top 10 brokers featured in the volume ranking.

The Nigerian equities market delivered a strong 29.35% return in Q1 2026, with trading activities facilitated by stockbrokers being central to market participation.

The stockbrokers in this report are ranked by transaction value, a metric that reflects not only the number of shares traded but also the financial weight and significance of those transactions.

Below are the top 10 stockbroking firms by transaction value for trades executed between January 1, 2026, and March 31, 2026.

10. APT Securities and Funds- BRD facilitated trades valued at N95.6 billion. This performance represented 2.29% of the total N4.17 trillion market transactions and 4.27% of the N2.2 trillion executed by the top 10 stockbrokers. In Q1 2025, the firm ranked 3rd by value with N144.46 billion and 8th by volume, having facilitated 2.21 billion shares. Although it did not feature among the top 10 by volume in Q1 2026, its trade value remained strong.

9. PAC Securities Limited ranked ninth with N106.5 billion in trade value.

8. United Capital Securities Limited secured the eighth position, facilitating trades worth N134.5 billion.

7. CSL Stockbrokers Limited followed, with transactions totaling N144.3 billion.

6. First Securities Brokers Limited recorded N5 billion in trade value.

5. Meristem Stockbrokers Limited ranked fifth, handling N229.2 billion in trades.

4. EFG Hermes Nigeria Limited was fourth, with a transaction value of N254.8 billion.

3. Stanbic IBTC Stockbrokers Limited took the third spot, facilitating N282.4 billion in trades.

2. Cordros Securities Limited was the second-highest, with transactions amounting to N283.6 billion.

1. CardinalStone Securities Limited led the rankings, executing trades valued at an impressive N503.2 billion.