Did you know we have over 200 securities brokerage firms in Nigeria? Ye, they are that many.
If you want to buy/sell stocks and bonds in Nigeria, you’d need to open a brokerage account with a stockbroker that is a dealing member of the Nigerian Stock Exchange (NSE). Interestingly, in recent years, we’ve also seen some fintech platforms provide brokerage services in affiliation with a licensed dealing member firm.
Here you can find a list of all the active stockbrokers in the country.
The NSE also publishes a list of top ten stockbrokers every week. You can see that of last week here.
It’s important to note that not all brokers serve individual client, some focus on only institutional clients. Also, not all brokers have a web portal for remote trading.
Here is a list of some of the stockbrokers with online trading portals:
|Stanbic IBTC E-Trade||https://www.stanbicibtcs.tockbrokers.com/|
In recent years, we have also seen some fintech platforms provide brokerage services in partnership with some dealing member firms. For instance we have wealth.ng partnering with Sankore Securities Limited.
Please note that this is not an exhaustive list and we would continue to update it with time.
Just contact any of them via their website to get guidance on their internal processes and fees.