RBI/2011-12/ 9 Master Circular No.9 /2011-12 To‚ All Category – I Authorised Dealer Banks Madam / Sir‚ July 01‚ 2011 Master Circular on External Commercial Borrowings and Trade Credits External Commercial Borrowings and Trade Credits availed of by residents are governed by clause (d) of sub-section 3 of section 6 of the Foreign Exchange Management Act‚ 1999 read with Notification No. FEMA 3/ 2000-RB viz. Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations‚ 2000
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first in the 1950s. Nigeria had it’s first appearance in the Helsinki Olympic Games in 1952‚ and it’s first victory in 1954‚ when Emmanuel Ifeanjuna won a gold medal in the high jump at the Commonwealth games in Cardiff. In 1962‚ the Nationals Sports Council was set up‚ and in 1971‚ the National Sports Commission‚ and they had the following responsibilities (stated exactly as is): * To coordinate and integrate efforts to raise the standard of performance in sports in Nigeria. * To encourage
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The factors that have been responsible for bank disintermediation In my opinion‚ there are three major arguments for the factors that have been responsible for bank disintermediation. First‚ pareto improvement (Vilfredo Pareto)‚ second‚ reputation acquisition in debt markets (Diamond‚ D.‚ 1989)‚ third‚ corporate finance theory (MM & Trade-off Theory). 1. Pareto Improvement (Vilfredo Pareto) According to Pareto efficient (Vilfredo Pareto)‚ if economic allocation in any system is not Pareto
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every business. For that reason a set of laws that provide legal rules and regulations that governs both the commercial or the business dealings and transactions is established under the Uniform Commercial Code. [1] Seeking uniformity amongst the states‚ the Uniform Commercial Code regulates the transfer or sale of personal property without dealing in real property. [2] The Uniform Commercial Code is one of the most important developments in American law that unfolded in the fall of 1951. [3] The first
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modern life‚ poverty reduction and economic growth of any nation. Yet‚ for the past three decades‚ inadequate of electricity has been a regular feature in Nigeria‚ a country with about 150 million people. The electricity industry‚ dominated by National Electric Power Authority (NEPA) and later succeeded by the Power Holding Company of Nigeria (PHCN) with complementation form the states-owned electricity utility‚ has been unable to provide and maintain acceptable minimum standard of service availability
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The current Axe print advertisement in question is part of a global campaign to promote its new line of “Peace” products‚ trying to strike down the sexist image it had previously. Axe partnered with a non-profit organization called Peace One Day and aims to promote peace in the world by an anti-war agenda and also gender equality. An end to the gender wars. This is an example of using polysemy through the slogan “Make Love‚ Not War”‚ which is the use of the phrase to incorporate multiple meanings
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ON THE SOCIO-ECONOMIC DEVELOPMENT OF NIGERIA CHAPTER 1 1.0 INTRODUCTION Nigeria is by far the most populated of Africa’s countries‚ with more than one-seventh of the continent’s people. The people belong to many different ethnic groups. These groups give the country a rich culture‚ but they also pose major challenges to nation building. Ethnic strife has plagued Nigeria since it gained independence in 1960. Officially known as the ‘Federal Republic of Nigeria’‚ she has a federal form of government
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or negative. The Nigeria is said to be morphologically derived from a blend of ’niger’ and ’area’. Nigeria came into exixtence in 1914 as aresult of the almalgamation of the northern and the southern protectorates of the brithish territory around the river niger area. Nigeria is a multidimensional vast: landmass‚ culture‚ population‚ language‚ beliefs‚ tradition and lifestyle practised by different people from different areas and there are about 400 native languages inj Nigeria (bamgbose 1971‚ osayi
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Modern Day Human Trafficking in Nigeria As an individual‚ imagine going through the motions of a typical day to then realize a women figure has now vanished. This woman figure who has now vanished carried out roles such as a mother‚ sister‚ daughter‚ friend‚ and cousin. Considering this is a blessing as your only imagining such bazaar as for the women in Nigeria this is their reality. In the article “Child‚ Bride‚ Mother: Nigeria” by Stephanie Sinclair provides adequate information to the readers
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Commercial paper is an unsecured‚ privately placed‚ money market instrument issued in the form of a promissory note. Commercial paper can be issued by the following parties namely; corporate‚ primary dealers and the financial institutions that have been permitted to raise short term resources under the umbrella limit fixed by the central bank. The following are the eligibility criteria: The minimum tangible net worth should be as per the prescribed limit as per the latest audited balance sheet;
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