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Share Capital History

 
Date Authorised (N) Authorised (N) Issued & Fully Paid-up (N) Consideration
-
Increase
cumulative
Increase
cumulative
-
1985
                                 -  
         10,000,000
                           -  
                           -  
cash
1986
                                 -  
         10,000,000
                           -  
           5,070,000
cash
1987
                                 -  
         10,000,000
           3,730,000
           8,800,000
cash
1988
                 5,000,000
         15,000,000
           1,200,000
         10,000,000
cash
1989
                                 -  
         15,000,000
           2,450,000
         12,450,000
cash
1990
                                 -  
         15,000,000
           1,490,000
         13,940,000
cash
1991
                                 -  
         15,000,000
           1,060,000
         15,000,000
cash
1992
               85,000,000
       100,000,000
           4,918,000
         19,918,000
cash
1993
                                 -  
       100,000,000
         10,934,000
         30,852,000
cash and Bonus (1 for 15)
1994
                                 -  
       100,000,000
         24,148,000
         55,000,000
cash and Bonus (1 for 8)
1995
                                 -  
       100,000,000
         17,012,000
         72,012,000
cash and Bonus (1 for 15)
1996
                                 -  
       100,000,000
           6,197,237
         78,209,237
cash, stock split (N1,000 to N1)
1997
             100,000,000
       200,000,000
         36,317,763
       114,527,000
cash
1998
                                 -  
       200,000,000
         35,487,588
       150,014,588
cash and Bonus (1 for 10)
1999
             300,000,000
       500,000,000
         29,985,414
       180,000,002
cash and Bonus (1 for 15)
2000
                                 -  
       500,000,000
         12,000,000
       192,000,002
cash
2001
                                 -  
       500,000,000
         63,598,223
       255,598,225
cash and Bonus (1 for 8)
2002
                                 -  
       500,000,000
         44,503,325
       300,101,550
cash and Bonus (1 for 6)
2003
             500,000,000
   1,000,000,000
       103,565,104
       403,666,654
cash and Bonus (1 for 4)
2004
                                 -  
   1,000,000,000
       254,674,470
       658,341,124
cash and Bonus (1 for 9)
2005
         1,000,000,000
   2,000,000,000
       198,566,308
       856,907,432
cash and Bonus (1 for 8)
2006
         5,500,000,000
   7,500,000,000
       383,683,372
   1,240,590,804
cash
2007
                                 -  
   7,500,000,000
   3,945,781,353
   5,186,372,157
cash, stock split (N1 to N0.50)
2008
                                 -  
   7,500,000,000
                           -  
   5,186,372,157
-
2009
                                 -  
   7,500,000,000
-
   5,186,372,157
-