Stanbic IBTC Stockbrokers Limited, Cordros Securities Limited, RenCap Securities Limited, Meristem Stockbrokers Limited and CSL Stockbrokers Limited are the five stockbrokers among the top 10 brokers that accounted for N1.080 trillion traded at the stock market from January to August 2017.

Data obtained from the Nigerian Stock Exchange (NSE) showed that the 10 stockbroking firms traded 70.71 per cent of the total value of stocks exchanged in the review period and 46.28 per cent in terms of volume. Specifically, Stanbic IBTC Stockbrokers led in value terms trading N299.592 billion, which is 19.61 per cent.

Cordros Securities Limited followed with N196.645 billion or 12.87 per cent. Rencap Securities Nigeria Plc recorded N147.179 billion or 9.63 per cent, while Meristem Stockbrokers Limited and CSL Stockbrokers Limited facilitated N105.004 billion (6.8 per cent) and N81.429 billion (5.33 per cent) respectively.