CardinalStone has been recognized as Africa’s Best Broker at the 2025 Euromoney Capital Market Awards, a prestigious global accolade that highlights excellence, innovation, and leadership in financial services. The award reaffirms the Nigerian securities firm’s growing influence across the continent’s capital markets and its sustained performance in delivering client-focused brokerage solutions amid evolving economic conditions.
Presented by Euromoney, one of the world’s leading financial publications, the award honors institutions that demonstrate exceptional market impact, operational resilience, and forward-thinking strategies. This marks a significant milestone for CardinalStone, which was also named Euromoney’s Best Equities House in Nigeria in 2024—underscoring a consistent track record of excellence over consecutive years.
The recognition comes on the back of CardinalStone’s continued dominance in Nigeria’s equities market, where it has retained its position as the top stockbroker by both trading volume and value for three consecutive years. Between January and August 2025 alone, the firm executed trades worth over ₦800 billion and facilitated the exchange of more than 27 billion shares on the Nigerian Exchange Limited (NGX), reflecting deep investor engagement and strong market confidence in its execution capabilities.
Michael Nzewi, Group Managing Director of CardinalStone, said the award reflects the trust clients have placed in the firm and the dedication of its team to deliver value with integrity. “As Africa’s Best Broker, we remain committed to deepening capital market access and empowering the growth ambitions of our clients across the continent,” he stated, emphasizing the firm’s long-term vision of expanding financial inclusion through innovation and reliable service delivery.
Peter Omoregie, Managing Director of CardinalStone Securities, added that the win validates the firm’s mission to redefine brokerage in Africa. “We are focused on leveraging technology, strengthening strategic partnerships, and providing actionable market insights so that both institutional and retail investors benefit from world-class service,” he said, highlighting ongoing investments in digital platforms and research-driven advisory tools designed to enhance client experience.
The Euromoney Capital Market Awards are widely regarded as a benchmark for performance in emerging and developed financial markets, with winners selected based on rigorous evaluation of market share, transactional impact, client feedback, and innovation. CardinalStone’s selection positions it as a trusted partner for investors navigating Africa’s complex and dynamic financial landscape.
Beyond trading performance, the firm has played an active role in supporting market development, from facilitating major corporate listings to promoting investor education and transparency. Its latest recognition not only cements its reputation as a leader in Nigeria but also strengthens its standing as a pan-African financial services provider capable of meeting global standards.
As Africa’s capital markets continue to evolve, driven by regulatory reforms, digital transformation, and increasing foreign and domestic interest, firms like CardinalStone are shaping the infrastructure needed for sustainable investment growth—proving that regional excellence can earn international acclaim.
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