First Securities Brokers Limited (FSBL), the stockbroking arm of First Holdco Plc, has emerged as the top-performing brokerage firm on the Nigerian Exchange Limited (NGX) for July 2025, leading the market in both trading volume and value.
According to the NGX’s July Broker Performance Report, FSBL recorded transactions worth ₦414.46 billion, representing 22.80% of the total market value traded during the month. This performance cements the firm’s position as one of the most influential players in Nigeria’s capital market.
In a statement on Tuesday, FSBL described the milestone as a testament to its strong market positioning, innovative trading solutions, and deep industry expertise. The company emphasised that its performance reflects growing investor confidence in its services and a strategic focus on delivering value in an increasingly competitive equities market.
Chief Executive Officer/Managing Director, Fiona Ahimie, praised the firm’s workforce and clients for their role in achieving the milestone.
“This remarkable achievement reflects the hard work and dedication of our entire workforce, as well as the trust our clients continue to place in us. It underscores our growing influence and effectiveness in the Nigerian equities market,” Ahimie said.
She noted that the firm’s innovative and seamless trading platforms, combined with personalised client support, had been instrumental in driving growth.
“We are not just a brokerage firm; we are strategic partners in our clients’ financial journeys. This recognition further motivates us to deliver exceptional value. We remain committed to creating long-term benefits for our clients and stakeholders while enhancing our service offerings,” she added.
Market analysts say FSBL’s dominance in July’s trading charts is particularly significant given the recent surge in retail investor participation and renewed interest from institutional investors following recent CBN forex reforms and the gradual recovery of the Nigerian economy.
The NGX All-Share Index has seen increased volatility in recent months, driven by investor reactions to policy adjustments, corporate earnings announcements, and foreign portfolio inflows. Brokerages with strong digital platforms, faster execution speeds, and robust research capabilities have been better positioned to capture trading activity — a space FSBL has clearly excelled in.
Industry observers also point out that the firm’s affiliation with First Holdco Plc provides additional market leverage, enabling it to attract high-value trades from corporate, institutional, and high-net-worth clients.
An independent capital market analyst, Tunde Aluko, told reporters:
“FSBL’s performance is a reflection of how technology-driven brokerage services, coupled with strategic client relationships, can translate into significant market share. This also signals a positive trend for the Nigerian equities market in terms of liquidity and investor engagement.”
With the NGX working on initiatives to deepen market participation — including the introduction of new products, enhanced market data services, and cross-border trading opportunities within the African Continental Free Trade Area (AfCFTA) — FSBL is expected to continue playing a pivotal role in driving transaction volumes.
Ahimie concluded by affirming the company’s long-term vision:
“Building on this momentum, we will continue to establish our position as a key driver of growth and development in the Nigerian financial market, while leveraging technology and innovation to meet the evolving needs of our clients.”