| African Export-Import Bank (Afreximbank) has welcomed the passage of the Factoring, Assignments and Receivables Financing Bill, 2026, by the Senate of the Federal Republic of Nigeria.This milestone follows more than a decade of technical support and sustained advocacy from Afreximbank, the Nigerian Export Import Bank (NEXIM) the Nigerian Factoring Working Group and other partners, notably FCI. Afreximbank’s Factoring Model Law was used as a guide for the development of the Bill, reflecting the Bank’s Factoring Strategy, which aims to provide legal and regulatory support to African countries pursuing factoring as an alternative financing solution. Read More |
