Shareholders

Our shareholding roster contains several of the leading names in African finance today

Investor Unit of Shares
(Subscribed)
Paid-up Capital
(US$1 par value per share)
Unit of Shares
(Paid Up)
% Holding Callable Capital
(US$)
1 Central Bank of Nigeria 490,584,458 490,584,458 490,584,458 41.888%
2 United Bank for Africa Plc 116,720,000 116,720,000 116,720,000 9.966%
3 Access Bank Plc* 111,250,000 111,250,000 111,250,000 9.499%
4 First Bank Nigeria Limited 100,119,013 100,119,013 100,119,013 8.549%
5 Zenith Bank Plc 100,000,000 100,000,000 100,000,000 8.538%
6 Ecobank Nigeria Limited ** 50,000,000 50,000,000 50,000,000 4.269%
7 Union Bank Nigeria Plc 50,000,000 50,000,000 50,000,000 4.269%
8 African Development Bank 29,411,765 29,411,765 29,411,765 2.511%
9 Caisse des Dépôts et Consignations du Gabon (“CDC Gabon”) 26,315,789 26,315,789 26,315,789 2.247%
10 Coronation Trustees Limited 22,338,542 22,338,542 22,338,542 1.907%
11 First City Monument Bank Plc*** 20,000,000 20,000,000 20,000,000 1.708%
12 Ghana Infrastructure Investment Fund 16,801,981 16,801,981 16,801,981 1.435%
13 Arab Bank for Economic Development in Africa (BADEA) 5,263,158 5,263,158 5,263,158 0.449%
14 Fidelity Bank Plc 5,000,000 5,000,000 5,000,000 0.427%
15 Sterling Bank Plc **** 5,000,000 5,000,000 5,000,000 0.427%
16 United Capital Asset Management Limited 5,000,000 5,000,000 5,000,000 0.427%
17 Guaranty Trust Bank Plc 5,000,000 5,000,000 5,000,000 0.427%
18 NOFEC Investment Limited 3,230,000 3,230,000 3,230,000 0.276%
19 Leadway Assurance Company Limited 2,500,000 2,500,000 2,500,000 0.213%
20 Government of Togo 10,000,000 2,500,000 2,500,000 0.213% US$15,000,000
21 African Reinsurance Corporation 1,052,631 1,052,631 1,052,631 0.090%
22 Ekulo International Limited 1,000,000 1,000,000 1,000,000 0.085%
23 Banque Centrale de la République de Guinée (BCRG) 500,000 500,000 500,000 0.043%
24 Megachem Nigeria Limited 500,000 500,000 500,000 0.043%
25 FBN Quest Limited**** 450,010 450,010 450,010 0.038%
26 Seychelles Pension Fund (SPF) 263,158 263,158 263,158 0.022%
27 Dyer & Blair Investment Bank, Kenya 100,000 100,000 100,000 0.009%
28 APT Securities & Funds Ltd 100,000 100,000 100,000 0.009%
29 Elka Investment Ltd 75,000 75,000 75,000 0.006%
30 Capital Assets Limited 50,000 50,000 50,000 0.004%
31 Dr. Mekwunye Dumbiri Charles 50,000 50,000 50,000 0.004%
32 AFC Staff Equity Scheme 10,000,000 - - 0.000%
Total 1,188,675,505.00 1,171,175,505.00 1,171,175,505.00 100.000% -
General Counsel's Note:
A. The Register has been updated to reflect the following mergers and acquisitions that have been formally notified to the AFC: • Access Bank Plc merged with Intercontinental Bank Plc. *
  • Access Bank Plc merged with Intercontinental Bank Plc. *
  • Ecobank Nigeria Limited acquired Oceanic Bank International Bank Plc. **
  • First City Monument Bank (FCMB) acquired First Inland Bank Plc.***
  • Sterling Bank Plc merged with Equatorial Trust Bank Plc. ****
B. First Trustees Nigeria Limited manages AFC HS Unit trust - the Unit Trust into which shares of individual shareholders have been transferred.
C. First Bank Nigeria Plc changed its trading name to First Bank Nigeria Limited
D. UBA Asset Management Limited changed its name to United Capital Asset Management Limited
E. Nondon West Africa transferred its shares to Nofec Investment Limited
F. The Republic of Ghana subscribed for US$50Million of shares in AFC and paid US$10,041,064. Government of Ghana transferred their paid up shares to the Ghana Infrastructure Investment Fund (GIIF). GIIF paid for an additional US$20million of shares out of the US$50Million subscribed for.
Total payment made to date is US$ 30,041,064
G. African Reinsurance Corporation subscribed for US$2Million of shares in AFC
H. Gloria Investments Limited transferred 22,338,542 shares to Coronation Trustees Limited and 27,661,458 shares to the Central Bank of Nigeria
I. CDC Gabon subscribed for US$50Million of shares in AFC
J. BADEA subscribed for US$10Million of shares in AFC
K. African Development Bank subscribed for US$50Million of shares in AFC
K. Banque Centrale de la République de Guinée subscribed for US$1Million of shares in AFC
L. The Government of Togo subscribed for US$20Million of shares in AFC, of which US$5Million represents the paid in portion and US$15Million represents the callable component
M. Seychelles Pension Fund subscribed for US$500,000 of shares in AFC
Coming soon!