The top 10 Nigerian stockbrokers recorded a combined transaction value of N862.04 billion in February 2026, reflecting the scale of activity they facilitated in the equities market.
Data obtained from the Nigerian Exchange shows this accounted for 55.57% of the total N1.55 trillion worth of trades executed by all stockbrokers during the period.
The report also ranked brokers by trading volume, with the top 10 firms handling 21.41 billion shares, representing 49.37% of total market volume.
These firms serve as key intermediaries in the equities market, executing trades and providing investor access, as the Nigerian All-Share Index gained 16.60% during the period.
For this analysis, stockbrokers are ranked by the value of transactions executed in February 2026, as transaction value captures not only the number of shares traded but also the size and financial significance of those trades.
Below are the top 10 stockbroking firms by transaction value, covering trades executed between 1 February and 27 February 2026.
Meristem Stockbrokers Limited stood at fourth, facilitating trades worth N93.1 billion in February 2026.
This accounted for 6% of the N1.55 trillion total value traded by all Nigerian stockbrokers and 10.8% of the N862 billion handled by the top 10 firms.
The firm also ranked second by volume, executing 2.8 billion shares, equivalent to 6.65% of total market volume.
In February 2025, Meristem also ranked fourth by value with N33.5 billion in trades, considerably lower than its February 2026 performance.
Trading activity strengthened in 2026, with volume rising to 2.8 billion shares from 1.1 billion in February 2025, which had previously secured the firm third place in the volume rankings.
