Approved list of Nigerian Stockbrokers 1

Kindly find below the list of all approved
stockbrokers/fund managers in Nigeria and their
websites.

1. Adonai Stockbrokers Limited
2. Afrinvest West Africa(formerly Sectrust)
3. Ail Securities Limited
4. Alliance Capital Management Company Limited
5. Amyn Investments Limited
6. Anchoria Investment and Securities Limited
7. APT Securities & Funds Limited
8. Belfry Investment and Securities Limited
9. Bestworth Assets & Trust Limited
10. BGL Securities Limited
11. Calyx Securities Limited
12. Camry Securities Limited
13. Capital Express Securities Limited
14. Capital Assets Limited
15. Capital Bancorp Limited
16. Capital Trust Brokers Limited
17. Cashcraft Asset Management Limited
18. Cashville Investment & Securities Limited
19. Century Securities Limited
20. City-Code Trust Limited
21. Clearview Investment Company Limited
22. Consolidated Investments Limited
23. Core Trust and Investment Limited
24. Crossworld Securities Limited
25. CSL Stockbrokers Limited
26. Davandy Finance & Securities Limited
27. De-Canon Investment Limited
28. Delords Securities Limited
29. Denham Management Limited
30. Dependable Securities Limited
31. Dominion Trust Limited
32. Dynamic Portfolio Limited
33. Empire Securities Limited
34. ESL Securities Limited
35. Eurocomm Securities Limited
36. F & C Securities Limited
37. FSDH Securities Limited(formerly Counters Trust)
38. Falcon Securities Limited
39. Fidelity Union Securities Limited
40. First Stockbrokers Limited
41. FIS Securities Limited
42. Fittco Securities Limited
43. Foresight Securities & Investment Limited
44. Forte Asset Management Limited
45. Forthright Securities & Investments Limited
46. Fountain Securities Limited
47. Future View Securities Limited
48. Greenwich Trust Limited
49. GTI Capital Limited
50. Heartbeat Investments Limited
51. Horizon Stockbrokers Limited
52. IBTC Asset Management Limited
53. ICMG Securities Limited
54. Icon Stockbrokers Limited
55. Independent Securities Limited
56. Intercontinental Securities Limited
57. International Standard Securities Limited
58. LB Securities Limited
59. Lead Capital Limited
60. Lighthouse Asset Management Limited
61. Magnartis Finance and Investment Limited
62. Maninvest Asset Management Limited
63. Marina Securities Limited
64. Maxifund Investments & Securities Limited
65. Mayfield Investments Limited
66. MBC Securities Limited
67. Mega Equities Limited
68. Meristem Securities Limited(formerly Great Africa
Securities)
69. Mission Securities Limited
70. Mountain Investments and Securities Ltd
71. Mutual Alliance Investments and Securities Limited

72. Newdevco Finance Services Co. Limited
73. Nigerian Stockbrokers Limited
74. Omas Investments & Trust Company Limited
75. Options Securities Limited
76. Partnership Investment Company Limited
77. Pilot Securities Limited (Pilot Finance)
78. PIPC Securities Limited
79. Pivot Trust and Investment Company Limited
80. Professional Stockbrokers Limited
81. Profund Securities Limited
82. Prominent Securities Limited
83. PSI Securities Limited
84. Reward Investments and Services Limited
85. Rostrum Investment & Securities Limited
86. SanTrust Securities Ltd
87. Securities Solutions Limited
88. Security Swaps Limited
89. Shalom Investment & Securities Transactions
Limited
90. Signet Investments & Securities Limited
91. Solid-Rock Securities & Investment Limited
92. Springboard Trust & Investment Limited
93. Stanwal Securities Limited
94. Strategy & Arbitrage Limited
95. Summa Guaranty & Trust Co. Plc
96. Summit Finance Company Limited
97. Tiddo Securities Limited
98. Topmost Finance and Investments Limited
99. TransAfrica Financial Services Limited(formerly
Trust & Financial Services Limited)
100. Trusthouse Investments Limited
101. Trust Yields Securities Limited
102. TRW Stockbrokers Limited
103. Union Capital Markets Limited
104. Valmon Securities Limited
105. Valueline Securities & Investments Limited
106. Vetiva Capital Management Limited
107. Wizetrade Capital & Asset Management Limited
108. Yobe Investment Company Limited
109. Zenith Securities Ltd
110. A.A.A. Stockbrokers Limited
111. Adamawa Securities Limited
112. Allbond Investments Limited
113. Altrade Securities Limited
114. Apex Securities Limited
115. Asset Plus Securities Limited
116. Beachgrove Securities & Investments Co. Limited
117. Beaver Securities Limited,
118. Bestlink Investment Limited
119. BFCL Assets & Securities Limited
120. BIC Securities Limited
121. BSD Securities Limited
122. Centre-Point Investments Limited
123. Colvia Securities Limited
124. Cooper Fleming Stockbrokers Limited
125. Crane Securities Limited
126. Dakal Services Limited
127. DBSL Securities Limited
128. Emi Capital Resources Limited
129. Enterprise Stockbrokers Plc
130. Epic Investment Trust Limited
131. Equator Finance & Securities Limited
132. Excel Securities Limited
133. Express Portfolio Services Limited
134. Fidelity Finance Company Limited
135. Financial Trust Company Nigeria Limited
136. Finmal Finance Company Limited
137. First Atlantic Securities Limited
138. First Equity Securities Limited
139. Floodgate Finance & Securities Limited
140. Folu Securities Limited
141. General Securities & Finance Company Limited
142. Genesis Securities And Investment Limited
143. Gidauniya Investment & Securities Limited
144. Global Asset Management (Nig.) Limited
145. Golden Securities Limited
146. Hamilton Hammer & Company Limited
147. Heritage Investment & Securities Limited
148. Hillcrest Securities Limited
149. IB Finance & Securities Limited
150. IBN Securities Limited
151. Integrated Trust and Investments Limited
152. Intermediate Capital Group Limited
153. International Capital Securities Limited
154. Interstate Securities Limited
155. Investors & Trust Company Limited
156. Jamkol Investments Limited
157. Kinley Securities Limited
158. Kundila Finance Services Limited
159. Laksworth Investments & Securities Limited
160. LION STOCKBROKERS LIMITED
161. LMB Stockbrokers Limited
162. Lombard Securities Limited
163. Lynac Securities Limited
164. M. L. Securities Limited
165. MACLAIZE Trust & Securities Co. Ltd
166. Mainland Trust Limited
167. Marriot Securities & Investment Co. Limited
168. Mercov Securities Limited
169. Midas Stockbrokers Limited
170. Midlands Investment & Trust Co. Limited
171. Molten Trust Limited
172. Monument Securities and Finance Limited
173. Networth Securities & Finance Limited
174. Niche Securities Limited
175. Nigerian International Securities Limited


--- Iorkam Azoom <iorkamaveazoom@...> wrote:

> Yinka,
>
> you've got the point that concerned me! The fact
> that there are no structures on the ground to ensure
> that prices of goods and services will be re-set to
> the correct level as per the redenomination. Like
> you demonstrated, when the trader now takes
> advantage of no control structures and sets the new
> price of the basket of rice at say N8 -10, it will
> represent an inflation of 33-66% in such a short
> time. The land lord that will set rent at N5000
> whereas the eqivalent rent pre-redenomination was
> N350k would mean about 42% inflation. Knowing our
> people, government will do nothing about this
> inlfationary trend, people will profiteer, and the
> hapless public will moan, shrug shoulders and move
> on! In less than a year's time the value of the
> redenominated naira will take a dive to the region
> of 15-25N to $1.0 (and still picking up speed!)
>
> The whole vicious cycle will restart with some one
> telling us all the virtues of a devalued currency,
> how it stimulates exports, cuts imports and all the
> other non-truths that Idika Kalu, and Falae told us
> in the eighties!
>
>
>
> babatunde.m.olayinka@... wrote:
> Inflation risk remains clear largely
> because we now have a larger value currency in
> circulation (new N20 = current N2,000). Also,
> government is NOT in control of demand / supply /
> price mechanism in the open market. Hence, can not
> guarantee that the basket of rice costing current
> 600 Naira will fall to new 6 Naira. The psychology
> of the Nigerian trader is that this will hover
> around the new 8 to 10 Naira because people will
> want to make PROFIT from the re-denomination. Yes,
> Nigerians will want to 'chop' their own oil money.
> With more money chasing same goods = inflation.
> Landlords will not change their 350thousand current
> Naira to 3,500 new Naira. No, sir. They will hang in
> there around 5 thousand new Naira. As government has
> no control over this, people will end up suffering
> the more.
>
> Rather than re-denominating immediately, what
> government needs to do is to work first on the
> engine of the economy which includes, security, good
> roads, rail network, power, image, police overhaul,
> border control, etc. When these are accomplished
> plus a re-focus into other real sectors
> (agriculture, tourism, manufacturing, etc), then you
> can usher in re-denomination as a final fiscal
> policy control measure.
>
> What I see here is a recipe for inflation, anarchy
> and further suffering for the Nigerian masses.
>
>
> -----Original Message-----
> From: naija_investment_forum@yahoogroups.com
> [mailto:naija_investment_forum@yahoogroups.com]On
> Behalf Of okolo daniel
> Sent: 16 August 2007 16:27
> To: naija_investment_forum@yahoogroups.com
> Subject: [naija_investment_forum] Re Denomination of
> the naira
>
>
> A Market woman that cannot read or write knows
> how much is your change
> in a tranction.I don't think it is a problem.
> The way i thinks it will be done is that the new
> naira note will be in
> circulation just as the old one and you have options
> to both. During
> this period the market woman will get use to the
> exchange rate since
> she's got both options.
> On the economic side i think the re-denomination
> will lead to
> acceptability of the dollar in common transaction
> there by reducing the
> quantity of naira in circulation.
> It will also make our capital market more
> competitive since our
> currency chart can be determined from a glance and
> would lure foreign
> investor there increasing our FDI.
> it will ease the job of projection for our economy.
>
>
>
>
>
>
>
>
> ---------------------------------
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