Tag: CardinalStone

CardinalStone Securities recorded over N2 trillion in transaction value on the Nigerian Exchange (NGX) in 2025, becoming the first stockbroking firm in Nigeria to reach the milestone, according to the NGX’s latest broker performance report.

The firm had earlier crossed the N1 trillion mark within the same trading year, making it the first broker to exceed both thresholds in a single period and cementing its position as the NGX’s largest broker by transaction value.

Accounting for 18.3 per cent of total value traded, CardinalStone ranked first on the NGX in 2025, ahead of 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 approximately N7.3 trillion in trades, representing about 61.8 per cent of total value traded on the Exchange.

Group Managing Director, CardinalStone Partners,  Micheal Nzewi, said crossing the N2 trillion mark on the NGX was a defining moment for CardinalStone and a strong validation of its long-term strategy.

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He said: “It underscores the depth of trust our clients place in us, the strength of domestic capital in driving market activity, and our commitment to delivering consistent execution, insight-driven research, and innovative solutions that support the continued development of Nigeria’s capital markets.”

Managing Director, CardinalStone Securities Limited, Peter Omoregie, noted that the achievement highlights the firm’s execution strength and growing market influence.

He said: “Leading the NGX by transaction value in a highly competitive environment demonstrates the robustness of our execution capabilities. As market dynamics continue to evolve, we remain focused on deepening liquidity, supporting institutional participation, and setting new benchmarks for performance and professionalism in Nigeria’s equities market.”

Over the years, CardinalStone has expanded its footprint among domestic institutional investors and high-value clients, while also maintaining strong relationships with international investors and counterparties through a diverse client base that includes leading fund managers across South Africa, North America, the United Kingdom, and Europe. This growth has been supported by active research coverage, a proven ability to execute complex transactions, and operating standards that align with global best practice.

The firm’s approach and market leadership have also received international recognition, including being named Euromoney’s Africa’s Best Broker and Best Equities House, Nigeria, affirming CardinalStone’s growing influence beyond its home market.

CardinalStone has been named Africa’s Best Broker at the 2025 Euromoney Capital Market Awards.

Group Managing Director, CardinalStone, Michael Nzewi  said the award reinforced the group’s consistent delivery of innovative, client-focused, and high-impact brokerage solutions.

He noted that the securities firm was previously honoured with the Euromoney Best Equities House in Nigeria award last year, further underscoring its consistent excellence and strong track record in the market.

The Euromoney Capital Market Awards are regarded as a benchmark for excellence in financial services, celebrating institutions that exhibit exceptional performance, innovation, and market leadership.

CardinalStone has maintained its status as Nigeria’s top stockbroker by both volume and value for three consecutive years. Between January and August 2025, the firm executed trades exceeding N800 billion and transacted over 27 billion shares on the Nigerian Exchange (NGX).

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“This recognition is a reflection of the unwavering trust our clients place in us, and the dedication of our team to consistently deliver value with integrity. As Africa’s Best Broker, we remain committed to deepening capital market access and empowering our clients’ growth ambitions across the continent,” Nzewi said.

Managing Director, CardinalStone Securities, Peter Omoregie, added that the award underscored the group’s vision to redefine brokerage in Africa.

He said: “We are focused on leveraging technology, strengthening partnerships, and providing actionable market insights to ensure institutional and retail investors alike benefit from world-class service”.

He noted that CardinalStone’s brokerage franchise continues to stand out through market leadership – delivering superior execution for both institutional and retail clients and client-centric approach – tailoring bespoke solutions to meet diverse investor needs.

He said the company’s in-depth research, which offers valuable insights into companies, sectors, and macroeconomic trends and the group’s Pan-African impact have continued to play pivotals role in shaping and advancing Africa’s capital markets.

“This award cements CardinalStone’s reputation as a trusted and innovative partner for investors navigating Africa’s evolving financial ecosystem,” Omoregie said.