CONSOLIDATED DISCOUNTS LIMITED (CDL) was incorporated on 16th November 1995 as a limited liability company, and was licensed by the Central Bank of Nigeria on 14th August 1996 to carry out the functions of a discount house. Built on a solid infrastructure, CDL parades an array of seasoned and tested professionals to cater for the financial intermediary needs of its clients and target market. CDL is wholly owned by a consortium of eight solid Nigerian Banks and a leading Pension Fund Management Institution. The company has an authorized Share Capital of N2 billion out of which N1.75 billion is fully paid by its shareholders, namely: Union Bank of Nigeria Plc, Afribank (Nigeria) Plc, Skye Bank Plc, First City Monument Bank Plc, Access Bank Plc, First Bank Plc, Williams Street Trustees Ltd.