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)