The Corporation currently has twenty-five (25) shareholders. In accordance with the terms of its Charter, private sector investors currently own about 54.7% of AFC’s share capital while the public sector holds 45.3%. The Central Bank of Nigeria is the largest shareholder with an interest of 44.8%; while other notable public sector and multilateral shareholders include the Republic of Ghana and the Africa Reinsurance Corporation. As of 31 December 2018, AFC’s authorised share capital consisted of US$2.0 billion of ordinary shares, out of which US$1.1 billion was called up, issued, fully paid, and are not subject to calls for additional payments of any kind.  

The minimum amount of subscription for AFC shares is 50,000 units of shares. There is only one class of shareholder. The rights and obligations of AFC's shareholders are as stipulated in the AFC Establishment Agreement and AFC Charter. All AFC shareholders have the same rights, including entitlement to attend General Meetings, vote, and receive dividend payments based on their pro-rata shareholding. Shareholders who subscribe and pay for at least 50 million shares are entitled to nominate a Director, through the Board Nomination and Governance Committee (BNGC), on to the Board of Directors of AFC. 

Further information on investing in the Corporation is available upon the submission of a non-binding expression of interest letter to invest in AFC.
 












 

 

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