What is a share?

A share is a portion of a company owned by an individual, a group of individuals, or a firm.  Shares are not always physical pieces of paper as in the old days, since in many companies electronic depositories have been developed.  In Nigeria, the majority of shares are still owned by the Federal Government, but the privatisation programme has since 1999 been slowly but surely transferring shares to private hands, either through sales to core investors or by selling shares on the stock market.