The Factoring Assignments and Receivables Bill 2024 (SB. 59)- Senator Abiru Spouses.


Today, the Nigerian Senate took another step toward advancing the nation's financial services landscape with the second reading of a crucial bill he sponsored, titled the Factoring Assignments and Receivables Bill 2024 (SB. 59).

This bill will establish clear and modern rules on the assignment of receivables, providing greater transparency and certainty for businesses.

This reform aims to unlock new opportunities for credit and capital by safeguarding current practices while encouraging the development of new ones. It will ultimately benefit both domestic and international trade.


#DoingGood #FinancialReforms 

#BusinessGrowth #EconomicDevelopment


LaRoyal Global CommunityNews:

Copyright (c) 2024.


Comments

Post a Comment

Popular posts from this blog

Oba Shotobi Officially Presents Newly Elect Iya’Oloja General.

Image
By Araba, Olawale Enifenilanfe:   His Royal Majesty, Oba Kabiru Adewale Shotobi, The Ayangbure of Ikorodu Kingdom, The Adegorunshen V, finally presented a “ Confirmation Letter” to the newly elected Iya’Oloja General of Ikorodu Division, CEO Busiq Fabrics, Deaconess Busola Elizabeth Isikalu at the Ayangbure Palace, today, December 8th, 2023 for peaceful coexistence, and sustainable progress of market trading in Ikorodu Division.   former Lagos State Commissioner for Information, and Strategy, the Agba-Akin of Ikorodu Kingdom, Otunba Ayodele Elesho sensitized the Ikorodu Divisional marketeers for peaceful coexistence within the Ikorodu Division Market traders and progress of Ikorodu Division.  Says, the hands of unity and love should be extended to other contemporaries who are among the process of becoming the Iya’Oloja General of Ikorodu Division before the final decision of the chosen newly elect Iya’Oloja General by the market chieftains, knowing fully well that non of them has came
Read more

Flash🛎: PRESIDENT TINUBU APPROVES TAKEOFF OF CONSUMER CREDIT SCHEME

Image
​ President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme. Consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly over time. It facilitates crucial purchases, such as homes, vehicles, education, and healthcare, essential for ongoing stability to pursue their aspirations.  Through responsible repayment, individuals build credit histories, unlocking more opportunities for a better life. Additionally, the increased demand for goods and services stimulates local industry and job creation.  The President believes every hardworking Nigerian should have access to social mobility, with consumer credit playing a pivotal role in achieving this vision. The Nigerian Consumer Credit Corporation (CREDICORP) achieves its mandate through the following: (1) Strengthening Nigeria's credit reporting systems, ensuring every economically active cit
Read more

Grow Ikorodu Movement — Aarebirin Hon Princess Dr. Folashade Olabanji-Oba (PFO) Projects

Image
​ By Araba, Olawale Enifenilanfe   “Grow Ikorodu Movement" Project now and beyond revealed positive alternative strategies for nation building, capacity building, and capability seal of changing narrative to revoke low self-esteemed mentality to global recognition of Ikorodu city.  In an interview Segment with ÀHon. (Dr) Folashade Olabunji Oba, Vice-Chairman of Ikorodu Local Government on Wednesday, January 31st, 2024  Aarebirin Hon.Princess (Dr) Folashade Olabanji-Oba expressed how passionate she is towards building Ikorodu for a global tourist attractions.  Says, for her, it's about love, endless love of the people, It's about total commitment to the people, It's about empathy of the people; “it is me defining my stand about the primary purpose through thick and thin”.   “I took a stand to say YES!    to Progress. Being here for us all is also standing tall and defending it”. No matter where I am in the world, Ikorodu is primarily in my heart, she said. She proceeded
Read more