Ranked as the topmost Securities firm in the country by the Nigerian Exchange, CardinalStone Securities Limited is a wholly owned securities trading subsidiary of CardinalStone Partners Limited that offers an attractive bouquet of investment services to our clients.

We are a full-fledged dealing member of the Nigerian Exchange (NGX) and registered with the Nigerian Securities and Exchange Commission (SEC) as a broker/dealer. We are also registered with FMDQ Securities Exchange Limited as a dealing member and the NASD OTC Securities Exchange as a Participating Institution.

We service a diverse base of local and international clientele, providing them access to Equities, Fixed Income and International Currency products to meet their investment objectives.

Service Offerings

We deliver top notch equities investment services to both international and local clients, offering several products that provide value and make investing in the Nigerian Equities market a breeze. Below is a list of our custom product offerings:

Brokerage Services

We provide brokerage services with an unparalleled execution approach that is in line with our best execution policy and ensures the best possible result for our clients. We use either a direct, managed or a hybrid approach in executing clients’ orders.

Global Account Reconciliation & Consolidation

We leverage our relationships in the market to ensure that any discrepancies regarding our clients’ accounts are limited and resolved in record time.

As registered brokers, we facilitate dividend revalidation, stock certificate dematerialization, global accounts search and consolidation as well as shares transfer and transmission.

Margin Trading

We provide our sophisticated clients with an on-demand margin facility up to the value of their acceptable collateral. Our acceptable collateral list includes cash accounts, FGN Bonds, Treasury Bills and acceptable stocks. This facility helps our clients take large investment positions and potentially improve their returns.

Trade Direct

Our flexible, efficient and easy-to-use online trading platform provides clients direct access to real time quotes, execution and information on the floor of the Nigerian Stock Exchange.

Visit Portal

We facilitate capital raising transactions on behalf of issuers via Public Offers, Rights Issues, Tender Offers and Private Placements. We have so far raised c.₦200bn in both Equity and Fixed Income offerings. We also serve as a receiving agent that receives subscriptions from investors during Public Offerings and these funds are subsequently remitted to the issuer.

We have competent and experienced people who bring their capital raising expertise to bear and ensure that each capital raise is a success. We have a distributive network of investment professionals, institutional, and retail clientele and we channel this network into each capital raise.

We offer a wide-ranging bouquet of fixed income investment services to Retail, High Net Worth and Institutional clients, both home and abroad seeking a guaranteed fixed return on their investment portfolios for a specified investment horizon. Our investment offerings include:

Federal Government Bonds

We provide access for long term investors seeking to invest in bonds issued by the Federal Government of Nigeria (FGN). We are a duly appointed distribution agent to the FGN Savings Bond and we, at no cost, facilitate easy and efficient collation and submission of clients’ bids for the monthly FGN bond auctions.


Clients with foreign currency assets enjoy the access we provide to corporate and sovereign Eurobonds issued by reputable institutions both within and outside Africa. We also facilitate access to hedged products for clients with local currency assets looking to create Eurobond exposures but seeking to mitigate unfavourable exchange rate volatility.

State and Local Government Bonds

We offer access to Sub-National Bonds issued by State or Local Governments. Like FGN Bonds, these bonds are usually semi-annual coupon paying bonds and are backed by the State or Local Government issuing the bonds.

Corporate Bonds

For clients seeking higher interest rates or yields than Government bonds, we offer blue-chip corporate bonds that are backed by the corporate entities issuing the bond.

Our Research team includes prominent thought leaders in equity, fixed income and macro-economic covering Sub-Saharan Africa, offering timely market commentary and detailed analyses of the economy and major sectors – Financial Services, Consumer Goods, Agriculture, Healthcare, Insurance, Energy and Industrial Goods.

We analyse macro, sector and company fundamentals to provide a rich source of market insights and ideas. Our clients leverage these rich sources of market insights and ideas to derive optimum value from their investments.

We have a user-friendly Research Portal that can be harnessed by our clients to gain access to our robust in-depth research.

Access Portal