CardinalStone named Africa’s Best Broker by Euromoney after leading the Nigerian market in trade value and volume, executing ₦800bn trades in 2025

CardinalStone named Africa’s Best Broker at the 2025 Euromoney Capital Market Awards, further cementing its reputation as a dominant force in Nigeria’s financial services sector.

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The recognition, announced on Wednesday, acknowledges the firm’s client-centric brokerage solutions and sustained market leadership.

CardinalStone has consistently ranked as Nigeria’s top stockbroker by both trade volume and value for three years running.

Between January and August 2025 alone, the firm executed trades exceeding ₦800 billion and facilitated over 27 billion shares on the Nigerian Exchange Limited (NGX).

“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,” said Michael Nzewi, Group Managing Director of CardinalStone.

“As Africa’s Best Broker, we remain committed to deepening capital market access and empowering our clients’ growth ambitions across the continent,” he added.

Peter Omoregie, Managing Director of CardinalStone Securities, described the award as a milestone for African brokerage, affirming the company’s strategy to redefine the sector.

“Winning this award underscores our vision to redefine brokerage in Africa.

We are focused on leveraging technology, strengthening partnerships, and providing actionable market insights,” he said.

CardinalStone’s consistent performance is underpinned by a strong research base, innovative use of technology, and a growing pan-African presence that appeals to both institutional and retail investors.

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The Euromoney award serves as a validation of the firm’s efforts in providing world-class investment services while building trust and accessibility within Africa’s evolving capital market.