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Legal and Regulatory Considerations in promoting Factoring as an Alternative Trade Financing Tool in Nigeria
Mini Dissertation (LLM (International Trade and Investment Law in Africa))--University of Pretoria, 2021.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2021
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| _version_ | 1867613447287472128 |
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| access_status_str | Open Access |
| author2 | Masamba, Magalie |
| author_browse | Masamba, Magalie |
| author_facet | Masamba, Magalie |
| collection | Thesis |
| dc_rights_str_mv | © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (LLM (International Trade and Investment Law in Africa))--University of Pretoria, 2021. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/82858 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:36:17.608Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/82858 Legal and Regulatory Considerations in promoting Factoring as an Alternative Trade Financing Tool in Nigeria Masamba, Magalie nelsononuoha0@gmail.com Onuoha, Nelson Chilotam UCTD International Trade Financing Factoring law and regulation Mini Dissertation (LLM (International Trade and Investment Law in Africa))--University of Pretoria, 2021. The level of trade in Nigeria has been declining in recent years. This decline is attributable to the inaccessibility of trade finance particularly by Nigerian SMEs which are the principal contributors to economic activity in Nigeria. Factoring has been identified as a veritable tool for providing sustainable and accessible trade finance particularly for SMEs. Factoring is a financial service where an enterprise sells its accounts receivables (in the form of invoices) to a factor at a discount in return for immediate cash and a range of services including credit protection, accounts receivable bookkeeping and collection services. Despite the prospects factoring bears for improving trade financing in Nigeria, the awareness, availability and use of factoring as a trade financing product in Nigeria has remained very low. One key reason for the poor state of factoring in Nigeria is the absence of a robust and facilitative legal and regulatory framework for factoring in Nigeria. This research therefore analyses the legal and regulatory framework for factoring in Nigeria to assess the extent to which it facilitates and promotes the use and provision of factoring as an alternative trade financing tool in Nigeria. This paper commences by exploring the concept of factoring and examining the role of factoring as an alternative trade financing tool in Nigeria. This research analyses the legal and regulatory framework for factoring in Nigeria by examining the current framework and the proposed framework – the Nigerian Factoring Bill. This research goes further to comparatively analyze the legal and regulatory framework for factoring in Nigeria against modern best practices for factoring law and regulation to extract valuable lessons for Nigeria. Finally, this research proffers useful recommendations for improving and strengthening the Nigerian legal and regulatory framework for factoring in order to promote and facilitate the use and provision of factoring services in Nigeria. Centre for Human Rights LLM (International Trade and Investment Law in Africa) Unrestricted 2021-11-29T12:12:22Z 2021-11-29T12:12:22Z 2021-12-10 2021-10 Mini Dissertation Onuoha, NC 2021, Legal and regulatory considerations in promoting factoring as an alternative trade financing tool in Nigeria, LLM Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd http://hdl.handle.net/2263/82858 D2021 http://hdl.handle.net/2263/82858 en © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD International Trade Financing Factoring law and regulation Legal and Regulatory Considerations in promoting Factoring as an Alternative Trade Financing Tool in Nigeria |
| title | Legal and Regulatory Considerations in promoting Factoring as an Alternative Trade Financing Tool in Nigeria |
| title_full | Legal and Regulatory Considerations in promoting Factoring as an Alternative Trade Financing Tool in Nigeria |
| title_fullStr | Legal and Regulatory Considerations in promoting Factoring as an Alternative Trade Financing Tool in Nigeria |
| title_full_unstemmed | Legal and Regulatory Considerations in promoting Factoring as an Alternative Trade Financing Tool in Nigeria |
| title_short | Legal and Regulatory Considerations in promoting Factoring as an Alternative Trade Financing Tool in Nigeria |
| title_sort | legal and regulatory considerations in promoting factoring as an alternative trade financing tool in nigeria |
| topic | UCTD International Trade Financing Factoring law and regulation |
| url | http://hdl.handle.net/2263/82858 |