Sigma Securities Ltd

What Sigma Securities Ltd does

Sigma Securities Limited is a privately held Nigerian stockbroking firm incorporated on 30 May 1995 under Nigeria's Companies and Allied Matters Decree 1990, with operations commencing on 1 April 1997. The company is registered with the Securities and Exchange Commission (SEC) as a broker dealer and holds a Dealing Membership license from the Nigerian Stock Exchange (now Nigerian Exchange Limited, NGX). Headquartered in Ikoyi, Lagos, it operates three physical offices across Lagos (head office), Abuja (regional), and Jalingo, Taraba State, and serves individual investors, institutional investors, business enterprises, and government entities across all tiers in the Nigerian capital market.

The company offers five core service lines: equities trading on the NGX, NASD OTC trading for unlisted securities, investment advisory services, portfolio management, and consulting services covering financial analysis, investment research, and risk management. These are delivered through a hybrid model combining direct sales via the office network and a proprietary digital trading platform called s-Trader, which provides 24/7 web and mobile access for order placement, trade execution, portfolio monitoring, and real-time market data. The platform integrates with TradingView for charting and market analysis, and connects to NGX, NASD OTC Securities Exchange, and CSCS (Central Securities Clearing System) for trade execution, settlement, and custody. The company also leverages foreign portfolio manager partnerships in Europe, America, and Africa to provide international market access for clients.

Revenue is generated through multiple streams: transaction-based commissions on equities and NASD OTC trading, professional advisory fees, managed services fees for portfolio management, and consultancy fees. Pricing is quote-based and negotiable in line with SEC requirements, described as 'reasonable and flexible stockbroking fees' with no publicly disclosed rate card. Customer acquisition is driven by the company website, online account opening capabilities, and relationship-based sales through its three offices. The firm is NDPC Trustmark certified for data protection compliance and markets itself as a full-service stockbroking firm targeting both domestic and international client segments.

Name

Sigma Securities Ltd

Legal name

Sigma Securities Limited

Website

https://sigmasecuritiesltd.com.ng

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Sigma Securities Limited is a privately held Nigerian stockbroking firm offering equities trading, NASD OTC trading, investment advisory, portfolio management, and consulting services to individual, institutional, corporate, and government clients via three offices and the proprietary s-Trader online platform.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Stock brokerage services
• Equities trading
• Investment advisory
• Portfolio management
• Securities trading

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Equities Trading Commission: Commission-based revenue from buying and selling stocks or shares of publicly traded companies on the Nigerian Stock Exchange. Services include order placement, trade execution, and settlement with real-time market insights provided by experienced traders.
2. NASD OTC Trading: Revenue from trading securities not listed on the Nigerian Stock Exchange, including equities, bonds, and other debt securities on the NASD OTC Securities Exchange. Services include order placement, trade execution, and settlement through the online platform.
3. Investment Advisory Services: Professional advisory fees for tailored investment advice covering equities, bonds, mutual funds, and alternative investment products. Includes portfolio management where advisors manage client portfolios on their behalf based on investment objectives and risk tolerance.
4. Portfolio Management: Fees for professional management of investor portfolios including creation, implementation, and monitoring of diversified investment portfolios. Services include regular performance reporting and recommendations for portfolio adjustments.
5. Consulting Services: Expert consultancy fees for financial analysis, investment research, risk management, and strategic planning. Services are tailored to meet unique client needs and provide customized solutions for navigating finance and investment decisions.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Sigma Securities Limited is a Nigerian stockbroking firm that buys and sells equities on behalf of clients on the Nigerian Exchange (NGX) and the NASD OTC Securities Exchange. It additionally provides investment advisory, portfolio management, and financial consulting services to individual, institutional, and government clients, supported by its proprietary s-Trader online trading platform for online account opening, trade execution, portfolio monitoring, and settlement.

Product overview

Sigma Securities Limited offers a comprehensive suite of financial services through a multi-product platform centered on stock brokerage operations. The core offerings include Equities Trading on the Nigerian Stock Exchange, NASD (OTC) Trading for unlisted securities, Investment Advisory Services, Portfolio Management, and Consulting services. These are supported by the proprietary s-Trader online trading platform enabling seamless trade execution and portfolio monitoring. The company serves individual investors, institutions, and high net worth clients in the Nigerian capital market.

Differentiator

Problem solved

Functional benefit

Brands

• s-Trader: Online trading platform offered by Sigma Securities Limited for equities trading, portfolio management, and market monitoring.

Products and services

• Equities Trading Facilitates buying and selling of stocks or shares of publicly traded companies on the Nigerian Stock Exchange, with order placement, trade execution, and settlement delivered through the s-Trader online trading platform and supported by experienced traders providing real-time market insights.
• NASD (OTC Trading) Provides access to the NASD OTC Securities Exchange for trading unlisted securities including private company shares, unlisted debt securities, and other alternative investment products, with order placement, trade execution, and settlement.
• Investment Advisory Services Professional investment advice provided by experienced advisors covering equities, bonds, mutual funds, and alternative investment products, with personalized investment plans based on client goals, risk tolerance, and time horizon.
• Portfolio Management Professional management of investor portfolios tailored to investment objectives, risk tolerance, and time horizon, including creation, implementation, and monitoring of diversified investment portfolios with regular performance reporting and adjustment recommendations.
• Consulting Expert financial and investment consulting covering financial analysis, investment research, risk management, and strategic planning, providing tailored solutions for individuals, institutions, and businesses seeking to enhance their financial and investment capabilities.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Five partnerships are on record, tiered core and moderate.

• Nigerian Exchange Limited (NGX)coreStrategic or Co-development PartnerPrimary stock exchange partnership for equities trading execution. Sigma Securities executes trades on behalf of clients on the NGX, which is the primary stock exchange in Nigeria.
• NASD PLC (NASD OTC Securities Exchange)coreStrategic or Co-development PartnerRegistered dealer on the NASD OTC Securities Exchange providing access to trading securities not listed on the Nigerian Stock Exchange, including private company securities and unlisted debt.
• CSCS (Central Securities Clearing System)coreStrategic or Co-development PartnerSettlement partner for trade processing and securities custody services, enabling trade settlement and certificate management.
• Foreign Portfolio Managers (Europe, America, Africa)moderateStrategic or Co-development PartnerNotable foreign portfolio manager partnerships in Europe, America, and Africa providing international market insights and cross-border investment opportunities for clients.
• Securities and Exchange Commission (SEC)coreOthersPrimary securities regulator providing licensing and oversight for broker-dealer operations in Nigeria. Company is duly registered by SEC as a broker dealer.

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Meristem Securities: Full-service Nigerian stockbroking and wealth management firm offering equities trading, portfolio management, and advisory. Operates an online trading platform analogous to Sigma's s-Trader and competes for the same retail and institutional clients.
• Cardinalstone Securities: A Lagos-based Nigerian broker-dealer providing equities trading, asset management, and investment advisory services. Direct competitor to Sigma on the NGX dealing floor, with overlapping retail and institutional client segments.
• ARM Securities: The brokerage arm of Asset & Resource Management, one of Nigeria's largest independent asset managers. Direct competitor for securities execution, portfolio management, and advisory business on the NGX.
• Cordros Securities: Nigerian broker-dealer with research, asset management, and investment banking services. Competes with Sigma in equities execution and advisory mandates across the same Nigerian institutional and HNW client base.
• Greenwich Securities: Nigerian broker-dealer offering equities trading, fixed income, and wealth management. Direct competitor to Sigma on the NGX dealing floor for retail and institutional clients.
• United Capital Securities: Securities trading and asset management arm of United Capital Plc. Competes directly with Sigma on NGX equity execution, portfolio management, and investment advisory for retail and institutional clients.
• FBNQuest Securities: Securities brokerage and dealing subsidiary of FBN Holdings. Trades on the NGX and provides portfolio management — directly overlapping with Sigma's core offerings for institutional clients.
• APT Securities: Independent Nigerian broker-dealer and dealing member of the NGX providing equities execution and advisory services. Closely comparable in scale and product mix to Sigma Securities.
• Stanbic IBTC Stockbrokers: Stockbroking subsidiary of Stanbic IBTC Holdings (part of Standard Bank Group). Competes with Sigma on the NGX across retail, HNW, and institutional clients, though backed by a much larger balance sheet.
• Afrinvest Securities: Nigerian broker-dealer offering equities trading, research, and investment advisory. Direct peer to Sigma, particularly in the institutional and HNW segments where both compete for mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sigma-securities-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sigma Securities Ltd