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Nigerian Export-Import Bank Act 🇳🇬

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Nigerian Export-Import Bank Act

  • Commenced on 21 August 1991
  • [Up to date as at 31 December 2002]
  • [Note: The original publication document is not available and this content could not be verified.]
An Act to establish the Nigerian Export-Import Bank with power, among other things, to carryon the business of export credit guarantee and export credit insurance and for matters connected therewith.

1. Establishment, etc., of the Nigerian Export-Import Bank

(1)There is established a bank to be known as the Nigerian Export-Import Bank (hereafter in this Act referred to as "the Bank").
(2)The Bank shall be a body corporate with perpetual succession and a common seal and may sue and be sued in its corporate name.

2. Authorised share capital of the Bank

(1)The authorised capital of the Bank shall be N 500 million divided into N 500,000,000 shares of N1 each and shall be subscribed equally by the Government of the Federation and the Central Bank of Nigeria.
(2)The Minister may, by notice published in the Ga…

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