A Brief History of NSL

Nigerian Stockbrokers Limited (“NSL”/”the Company”) was incorporated under the Companies Ordinance Cap 38 on 26th September, 1960. Prior to the implementation of the Nigerian Enterprise Promotion Act, 1972 (“indigenisation exercise”), NSL, which was established in 1961, was wholly owned and managed by Financial Holdings Nigeria Limited (“FHNL”).

NSL obtained its Dealing License on 2nd May, 1961 and thereby became the first registered Dealing Member of The Nigerian Stock Exchange (NSE).

NSL is licensed by the Securities & Exchange Commission (SEC), the Apex regulatory institution in the Nigerian Capital Market, as Broker/Dealer, Issuing House and Corporate Advisers.

NSL & Subsidiaries

On 1st March, 2017, the Securities & Exchange Commission (SEC) approved the separation of the Issuing House and Stockbroking functions. Accordingly, NSL Capital Partners became the Issuing House and Financial Advisory Services subsidiary of NSL, while Nigerian Stockbrokers Limited (NSL) retained the Stockbroking functions.

NSL also operates in the Real Estate Industry through one of its subsidiaries, NSL Enterprises & Real Estate Limited (NEREL).

NSL now operates a Group structure comprising the following companies:

  • Nigerian Stockbrokers Ltd (NSL)
  • NSL Capital Partners (NCAP)
  • NSL Enterprises & Real Estate Limited (NEREL)

Our Vision

To be a dynamic Stockbroking firm. Providing the best investment advice and qualitative services in the most effective and efficient manner using up to date market information, technology and Committed staff to select clientele.

Our Focus


Our focus is on the Nigerian Capital Markets – we have proven ability and reputation to identify investment opportunities, create financial solutions, provide value-adding investment advice and manage wealth for our clients.