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What Is A 50kobo Share? - Investment - Nairaland

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What Is A 50kobo Share? by andrecamcam(f): 9:10am On Sep 28, 2019
Is a 50kobo share the same as one share in a company

for example if a company has 7 billion shares, does that mean that one share translates to a 50kobo share?
Re: What Is A 50kobo Share? by DelTel(m): 2:44pm On Sep 28, 2019
Company share could be any amount, 50k, #1 or any amount of the promoters choice.

Meanwhile, any company desirous of listing on the Floor of the Nigerian Stock Exchange has to dominate its share at 50k per share. Hirtherto, shares on NSE can not go below 50k until recently it was changed.

A listed company with 7 billion issued shares capital of 50k each will have 14 billion shares. A company will 7 billion authorized share capital might not necessarily have same as issued shares, it could be either issued (allotted/sold/distributed) or unissued (unallotted).

This is just a little explanation.

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