CardinalStone Securities Restricted, the buying and selling arm of CardinalStone Partners Limited, a multi-asset funding administration agency co-founded and led by Nigerian enterprise government Michael Nzewi, reached a significant milestone in 2025, changing into the primary stockbroking agency in Nigeria to realize a N2 trillion ($1.4 billion) transaction worth on the Nigerian Alternate (NGX) in a single calendar 12 months, a significant step for the funding agency.
In line with NGX’s newest dealer efficiency report, CardinalStone Securities, underneath Managing Director Peter Omoregie, recorded transactions exceeding N2 trillion ($1.4 billion) in 2025. Earlier within the 12 months, the agency crossed N1 trillion ($700 million), making it the primary Nigerian dealer to exceed each thresholds in the identical 12 months. The efficiency consolidated CardinalStone’s place as the biggest dealer on the NGX by transaction worth.
Nzewi, Omoregie highlights efficiency in aggressive market
Talking on the milestone, Nzewi stated it mirrored the belief purchasers place within the agency and the power of Nigeria’s home capital. “It underscores the depth of belief our purchasers place in us, the power of home capital in driving market exercise, and our dedication to delivering constant execution, insight-driven analysis, and revolutionary options that help the continued growth of Nigeria’s capital markets,” he stated.
Omoregie added that the agency’s efficiency demonstrates its execution capabilities and affect in a aggressive market. “Main the NGX by transaction worth in a extremely aggressive atmosphere demonstrates the robustness of our execution capabilities. As market dynamics evolve, we stay centered on deepening liquidity, supporting institutional participation, and setting new benchmarks for efficiency and professionalism in Nigeria’s equities market,” he stated.
CardinalStone leads $5.1 billion market trades
The milestone coincides with a historic 12 months for the Nigerian fairness market. The NGX gained 51.19 p.c in 2025, its strongest efficiency in 18 years, properly above the S&P 500’s 16.39 p.c return. Brokers comparable to CardinalStone play a key position in driving liquidity, facilitating trades, and executing transactions for buyers. CardinalStone alone accounted for 18.3 p.c of complete worth traded in 2025, forward of rivals together with Chapel Hill Denham Securities, Stanbic IBTC Stockbrokers, First Securities Brokers, and Cordros Securities.
NGX information reveals the highest 10 brokers traded a mixed 223.7 billion shares, representing 49.41 p.c of all broker-executed transactions, up from 118.95 billion in 2024. By transaction worth, the highest 10 brokers, together with CardinalStone Securities Restricted, executed trades price N7.3 trillion ($5.13 billion), or 61.82 p.c of the overall market, up from N3.13 trillion ($2.2 billion) the earlier 12 months.
World offers, native African enterprise progress
Based in June 2008, CardinalStone Partners Limited has grown right into a multi-asset funding administration agency, providing providers throughout funding banking, asset administration, securities buying and selling, belief providers, registrar providers, and financing. The agency serves institutional, high-net-worth, and retail purchasers whereas increasing relationships with worldwide buyers in South Africa, North America, the U.Okay., and Europe.
Nzewi, CEO and Managing Director since January 2017, beforehand labored at Normal Chartered Financial institution in London and Vetiva Capital Administration. Below his management, CardinalStone has executed complicated offers whereas sustaining international requirements. In 2024, CardinalStone Capital Advisers sold its 65 percent stake in i-Fitness, Nigeria’s main fitness center chain, to Verod Capital Administration for $18.5 million, realizing $12 million from the sale.
Trying forward, CardinalStone Capital Advisers is raising a new $120 million private equity fund, Development Fund II, to spend money on small and medium-sized companies in Nigeria, Ghana, and francophone West Africa, together with Côte d’Ivoire and Senegal. The fund recently secured $15 million from the IFC, thus focusing on sectors comparable to client items, healthcare, agribusiness, industrials and monetary providers to help the subsequent wave of scalable African enterprises.
