CardinalStone Securities has made history on the Nigerian Exchange (NGX) by recording over N2 trillion in transaction value in 2025, becoming the first stockbroking firm in Nigeria to hit this milestone, according to the NGX’s latest broker performance report.

Earlier in the same year, the firm had surpassed the N1 trillion mark, cementing its position as the NGX’s largest broker by transaction value. CardinalStone accounted for 18.3% of total trades, ranking ahead of major competitors including Chapel Hill Denham Securities, Stanbic IBTC Stockbrokers, First Securities Brokers, Cordros Securities, Meristem Stockbrokers, EFG Hermes Nigeria, ABSA Securities Nigeria, APT Securities and Funds, and United Capital Securities.

Collectively, the top ten brokers executed around N7.3 trillion in trades, representing 61.8% of total value traded on the Exchange.

“Crossing the N2 trillion mark is a defining moment for CardinalStone,” said Michael Nzewi, Group Managing Director of CardinalStone Partners. “It underscores the trust our clients place in us, the strength of domestic capital, and our commitment to consistent execution, insight-driven research, and innovative solutions that support Nigeria’s capital markets.”

Peter Omoregie, Managing Director of CardinalStone Securities Limited, added that the milestone highlights the firm’s execution strength and growing market influence. “Leading the NGX by transaction value in a competitive environment demonstrates the robustness of our capabilities. We remain focused on deepening liquidity, supporting institutional participation, and setting new performance benchmarks in Nigeria’s equities market,” he said.

CardinalStone’s growth has been driven by a diverse client base, including domestic institutional investors, high-value clients, and international fund managers from South Africa, North America, the UK, and Europe. The firm’s focus on active research coverage, complex transaction execution, and global best practices has also earned international recognition, including being named Euromoney’s Africa’s Best Broker and Best Equities House, Nigeria.