History of Capitalisation

Year Authorised Paid up Consideration
Increase (N) Cumulative (N) Increase (N) Cumulative (N) Cumulative no. of shares
31 Dec 1973 10,000,000 9,700,000 9,700,000 Cash
10 Jun 1975 5,000,000 15,000,000 1,940,000 11,640,000 11,640,000 Bonus
27 Jul 1976 15,000,000 2,328,000 13,968,000 13,968,000 Bonus
28 Jul 1977 10,000,000 25,000,000 6,984,000 20,952,000 20,952,000 Bonus
27 Jul 1978 5,000,000 30,000,000 8,381,000 29,333,000 29,333,000 Bonus
28 Dec 1978 10,000,000 40,000,000 29,333,000 29,333,000
26 Jul 1979 10,000,000 50,000,000 14,666,200 43,999,200 43,999,200 Bonus
24 Jul 1980 70,000,000 9,262,990 55,577,937 55,577,937 Bonus
26 Jul 1980 20,000,000 70,000,000 2,315,747 46,314,947 46,314,947
29 Apr 1981 70,000,000 5,557,792 61,135,729 61,135,729 Bonus
29 Apr 1982 50,000,000 150,000,000 61,135,729 61,135,729
16 Apr 1986 150,000,000 6,113,574 67,249,303 67,249,303 Bonus
9 Apr 1987 150,000,000 13,449,862 80,699,165 80,699,165 Bonus
8 Apr 1988 150,000,000 80,699,165 80,699,165
27 Apr 1989 150,000,000 80,699,165 161,398,330 Stock split from N1.00 to 50 kobo
26 Apr 1990 150,000,000 80,699,165 161,398,330
26 Apr 1991 150,000,000 80,699,165 161,398,330
27 Apr 1992 150,000,000 80,699,165 161,398,330
29 Apr 1993 150,000,000 26,899,721 107,598,886 215,197,772 Bonus
28 Apr 1994 150,000,000 300,000,000 107,598,882 215,197,768 430,395,536 Bonus
25 Apr 1995 300,000,000 53,799,441 268,997,209 537,994,418 Bonus
25 Apr 1996 300,000,000 67,249,301 336,246,510 672,493,020 Bonus
22 May 1997 700,000,000 1,000,000,000 1,000,000,000 436,246,510 872,493,020 Cash
22 May 1997 1,000,000,000 84,061,627 520,308,137 1,040,616,274 Bonus
23 Jul 1998 1,000,000,000 130,077,034 650,385,171 1,300,770,342 Bonus
27 Jul 2000 1,000,000,000 162,596,292 812,981,463 1,625,962,926 Bonus
26 Jul 2001 2,000,000,000 3,000,000,000 203,245,365 1,016,226,828 2,032,453,656 Bonus
31 Jul 2002 3,000,000,000 254,056,705 1,270,283,533 2,540,567,066 Bonus
31 Jul 2003 3,000,000,000 254,056,705 1,524,340,238 3,048,680,476 Bonus
19 Nov 2003 3,000,000,000 254,056,705 1,778,396,943 3,556,793,886 Cash
19 Aug 2004 3,000,000,000 222,299,589 2,000,696,532 4,001,393,063 Bonus
20 Jun 2005 3,000,000,000 500,174,160 2,500,870,692 5,001,741,383 Bonus
3 Jan 2006 20,009,495 2,520,880,187 5,041,760,373 FBN Plc shares issued in exchange for minority shares in FBN merchant bankers
3 Jan 2006 64,196,005 2,585,076,192 5,170,152,383 FBN Plc shares issued in exchange for MBC shares
3 Jan 2006 34,258,503 2,619,334,694 5,238,669,388 FBN PLC shares issued to majority shareholders in FBN merchant bank arising from the consolidation
24 Aug 2006 7,000,000,000 10,000,000,000 2,619,334,694 5,238,669,388 10,477,338,776 Increase/Bonus
22 Aug 2007 873,111,565 6,111,780,953 12,223,561,906 Bonus
1 Jul 2007 3,833,235,233 9,945,016,186 19,890,032,371 2007 hybrid offer
22 Aug 2008 5,000,000,000 15,000,000,000 2,486,254,046 12,431,270,232 24,862,540,463 Bonus
20 Aug 2009 15,000,000,000 2,487,000,000 4,143,756,743 29,006,297,206 Bonus (1 for 6)
27 Aug 2010 3,625,787,150 32,632,084,356 Bonus (1 for 8)
21 May 2015 3,263,208,435 35,895,292,792 Bonus (1 for 10)