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History of Capitalisation

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View History of Capitalisation

Year Authorised Paid up Consideration
  Increase (N) Cumulative (N) Increase (N) Cumulative (N) Cumulative no. of shares  
1973 – 10,000,000 – 9,700,000 9,700,000 Cash
1975 5,000,000 15,000,000 1,940,000 11,640,000 11,640,000 Bonus
1976 – 15,000,000 2,328,000 13,968,000 13,968,000 Bonus
1977 10,000,000 25,000,000 6,984,000 20,952,000 20,952,000 Bonus
1978 5,000,000 30,000,000 8,381,000 29,333,000 29,333,000 Bonus
1978 10,000,000 40,000,000 – 29,333,000 29,333,000 –
1979 10,000,000 50,000,000 14,666,200 43,999,200 43,999,200 Bonus
1980 – 70,000,000 9,262,990 55,577,937 55,577,937 Bonus
1980 20,000,000 70,000,000 2,315,747 46,314,947 46,314,947 –
1981 – 70,000,000 5,557,792 61,135,729 61,135,729 Bonus
1982 50,000,000 150,000,000 – 61,135,729 61,135,729 –
1986 – 150,000,000 6,113,574 67,249,303 67,249,303 Bonus
1987 – 150,000,000 13,449,862 80,699,165 80,699,165 Bonus
1988 – 150,000,000 – 80,699,165 80,699,165 –
1989 – 150,000,000 – 80,699,165 161,398,330 Stock split from N1.00 to 50 kobo
1990 – 150,000,000 – 80,699,165 161,398,330 –
1991 – 150,000,000 – 80,699,165 161,398,330 –
1992 – 150,000,000 – 80,699,165 161,398,330 –
1993 – 150,000,000 26,899,721 107,598,886 215,197,772 Bonus
1994 150,000,000 300,000,000 107,598,882 215,197,768 430,395,536 Bonus
1995 – 300,000,000 53,799,441 268,997,209 537,994,418 Bonus
1996 – 300,000,000 67,249,301 336,246,510 672,493,020 Bonus
1997 700,000,000 1,000,000,000 1,000,000,000 436,246,510 872,493,020 Cash
1997 – 1,000,000,000 84,061,627 520,308,137 1,040,616,274 Bonus
1998 – 1,000,000,000 130,077,034 650,385,171 1,300,770,342 Bonus
2000 – 1,000,000,000 162,596,292 812,981,463 1,625,962,926 Bonus
2001 2,000,000,000 3,000,000,000 203,245,365 1,016,226,828 2,032,453,656 Bonus
2002 – 3,000,000,000 254,056,705 1,270,283,533 2,540,567,066 Bonus
2003 – 3,000,000,000 254,056,705 1,524,340,238 3,048,680,476 Bonus
2003 – 3,000,000,000 254,056,705 1,778,396,943 3,556,793,886 Cash
2004 – 3,000,000,000 222,299,589 2,000,696,532 4,001,393,064 Bonus
2005 – 3,000,000,000 500,174,160 2,500,870,692 5,001,741,384 Bonus
2006 – – 20,009,495 2,520,880,187 5,041,760,374 FBN Plc shares issued in exchange for minority shares in FBN Merchant Bankers
2006 – – 64,196,005 2,585,076,192 5,170,152,384 FBN Plc shares issued in exchange for MBC shares
2006 – – 34,258,502 2,619,334,694 5,238,669,388 FBN Plc shares issued to majority shareholders in FBN Merchant Bank arising from consolidation
2006 7,000,000,000 10,000,000,000 2,619,334,694 5,238,669,388 10,477,338,776 Increase/Bonus
2007 – 10,000,000,000 873,111,565 6,111,780,953 12,223,561,906 Bonus
2007 – 10,000,000,00 3,833,235,233 9,945,016,186 19,890,032,372 2007 hybrid offer
2008 5,000,000,000 15,000,000,000 2,486,254,046 12,431,270,232 24,862,540,464 Bonus
2009 – 15,000,000,000 2,071,878,372 14,503,148,604 29,006,297,207 Bonus (1 for 6)
2010 10,000,000,000 25,000,000,00 1,812,893,575 16,316,042,179 32,632,084,358 Bonus (1 for 8)
2015  –  25,000,000,000 1,631,604,218 17,947,646,396 35,895,292,792 Bonus (1 for 10)
2022  (7,052,353,604)  17,947,646,397 – 17,947,646,396 35,895,292,792 Cancellation of unissued shares to comply with Regulation 13(3) of the Companies
Regulations 2021
2024     2,991,274,400 20,938,920,796 41,877,841,591 Rights Issue of 1 for 6

View History of Capitalisation

YearAuthorisedPaid upConsideration
 Increase (N)Cumulative (N)Increase (N)Cumulative (N)Cumulative no. of shares 
1973–10,000,000–9,700,0009,700,000Cash
19755,000,00015,000,0001,940,00011,640,00011,640,000Bonus
1976–15,000,0002,328,00013,968,00013,968,000Bonus
197710,000,00025,000,0006,984,00020,952,00020,952,000Bonus
19785,000,00030,000,0008,381,00029,333,00029,333,000Bonus
197810,000,00040,000,000–29,333,00029,333,000–
197910,000,00050,000,00014,666,20043,999,20043,999,200Bonus
1980–70,000,0009,262,99055,577,93755,577,937Bonus
198020,000,00070,000,0002,315,74746,314,94746,314,947–
1981–70,000,0005,557,79261,135,72961,135,729Bonus
198250,000,000150,000,000–61,135,72961,135,729–
1986–150,000,0006,113,57467,249,30367,249,303Bonus
1987–150,000,00013,449,86280,699,16580,699,165Bonus
1988–150,000,000–80,699,16580,699,165–
1989–150,000,000–80,699,165161,398,330Stock split from N1.00 to 50 kobo
1990–150,000,000–80,699,165161,398,330–
1991–150,000,000–80,699,165161,398,330–
1992–150,000,000–80,699,165161,398,330–
1993–150,000,00026,899,721107,598,886215,197,772Bonus
1994150,000,000300,000,000107,598,882215,197,768430,395,536Bonus
1995–300,000,00053,799,441268,997,209537,994,418Bonus
1996–300,000,00067,249,301336,246,510672,493,020Bonus
1997700,000,0001,000,000,0001,000,000,000436,246,510872,493,020Cash
1997–1,000,000,00084,061,627520,308,1371,040,616,274Bonus
1998–1,000,000,000130,077,034650,385,1711,300,770,342Bonus
2000–1,000,000,000162,596,292812,981,4631,625,962,926Bonus
20012,000,000,0003,000,000,000203,245,3651,016,226,8282,032,453,656Bonus
2002–3,000,000,000254,056,7051,270,283,5332,540,567,066Bonus
2003–3,000,000,000254,056,7051,524,340,2383,048,680,476Bonus
2003–3,000,000,000254,056,7051,778,396,9433,556,793,886Cash
2004–3,000,000,000222,299,5892,000,696,5324,001,393,063Bonus
2005–3,000,000,000500,174,1602,500,870,6925,001,741,383Bonus
2006––20,009,4952,520,880,1875,041,760,373FBN Plc shares issued in exchange for minority shares in FBN Merchant Bankers
2006––64,196,0052,585,076,1925,170,152,383FBN Plc shares issued in exchange for MBC shares
2006––34,258,5032,619,334,6945,238,669,388FBN Plc shares issued to majority shareholders in FBN Merchant Bank arising from consolidation
20067,000,000,00010,000,000,0002,619,334,6945,238,669,38810,477,338,776Increase/Bonus
2007––873,111,5656,111,780,95312,223,561,906Bonus
2007––3,833,235,2339,945,016,18619,890,032,3712007 hybrid offer
20085,000,000,00015,000,000,0002,486,254,04612,431,270,23224,862,540,463Bonus
2009–15,000,000,0002,487,000,0004,143,756,74329,006,297,206Bonus (1 for 6)
201010,000,000,00025,000,000,001,812,893,5753,62532,632,084,356Bonus (1 for 8)
2015  –3,263,208,43535,895,292,792Bonus (1 for 10)
2022 – 17,947,646,397–17,947,646,39635,895,292,792Cancellation of unissued shares to comply with Regulation 13(3) of the Companies
Regulations 2021
2024  2,991,274,40020,938,920,79641,877,841,591Rights Issue of 1 for 6

See also

Annual Report

Media

Credit Ratings

Financial Results