A limited liability company has an authorized share capital of N50 million split into 100 million shares 80 million share was offered for subscription at 60...

The nominal value of each share is N0.50. - Nominal value or face value of a share refers to the stated value of each share as specified in the Memorandum of Association of a company. It is also called par value or legal value. - In this case, the authorized share capital of the limited liability company is N50 million, split into 100 million shares. This means that the nominal value of each share would be N50 million divided by 100 million shares, which is N0.50. - The company has offered 80 million shares for subscription at 60k per share, payable in full on application. This means that investors have to pay N0.60 per share to subscribe for the shares, but the nominal value of each share is N0.50. - The amount paid by investors that is above the nominal value of each share is called the share premium, and it is recorded in the company's financial statements as part of the shareholders' equity. - Therefore, in this case, the nominal value of each share is N0.50.