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.
Stanbic IBTC Stockbrokers Limited secured the second-highest transaction value in January 2026, executing trades worth N74.2 billion.
- This accounted for 8.58% of the N865 billion total value exchanged by all stock brokers and 16.22% of the N457.7 billion handled by the top 10 brokers.
- The result reflects strong growth compared to January 2025, when the broker recorded N46.1 billion in trades while also occupying the second spot.
On the volume front, Stanbic IBTC handled 951.4 million shares, placing it 8th, slightly below the 1 billion shares facilitated in 2025.
This shows that while the number of shares traded was lower, the trades executed were substantial in size and value.
