The Nigerian Exchange (NGX) released its January 2026 broker performance report, ranking stockbroking firms by transaction volume and value, during a month in which the market gained 6.27%.
Although stockbrokers do not typically determine market direction, they play a critical role in facilitating liquidity by executing trades for investors responding to market conditions and trends.
According to the report, top brokers traded 14.4 billion shares in January, representing 45.13% of total volume, slightly below the 15.4 billion shares recorded in January 2025.
However, in value terms, activity was stronger, with the top 10 stockbroking firms executing N457.7 billion in trades, accounting for 52.88% of total market value.
This represents a significant rise from N341.6 billion in January 2025, indicating that bigger, more impactful trades drove activity, not just higher trading volumes.
This article prioritizes transaction value, as it better reflects the scale and market impact of trades rather than simply the number of transactions executed.
Below are the best-performing stockbroking firms by transaction value for the period spanning 1 January 2026 to 30 January 2026.
Cordros Securities Limited occupied the 6th spot by transaction value, executing trades worth N35.8 billion in January 2026.
- This accounted for 4.14% of the total value executed by all stock brokers, which stood at N865 billion, and 7.83% of the value handled by the top 10 brokers on the list.
- The performance represents a modest increase compared to January 2025, when Cordros executed N31.79 billion in trades, equivalent to 5.22% of overall market transactions.
- In terms of volume, the broker made the rankings in 2026 by facilitating 844.4 million shares, representing 2.63% of all units exchanged by Nigerian stock brokers.
This is an improvement from the previous year, when Cordros did not feature on the volume list.
