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Local Loans (Registered Stock and Securities) Act 🇳🇬


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Local Loans (Registered Stock and Securities) Act

  • Commenced on 4 July 1946
  • [Up to date as at 4 July 1946]
  • [Note: The original publication document is not available and this content could not be verified.]
An Act to make provision for the creation and issue of registered stock, Government promissory notes and bearer bonds for the purpose of raising loans in Nigeria.

Part I – Preliminary

1. Short title

This Act may be cited as the Local Loans (Registered Stock and Securities) Act.

2. Interpretation

In this Act, unless the context otherwise requires-"bearer bond" means a bearer bond issued under the provisions of this Act;"Central Bank" means the Central Bank of Nigeria;"register" means the register of stock kept by the Central Bank; [1976 No. 32. 1979 No. 63.]"Minister" means the Minister for the time being charged with responsibility for matters relating to finance;"registered stock" or "stock" means Nigeria stock issued under the provisions of this Act;"security" means a bearer bond;"stockhold…

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