FSCF plans financial market expansion with CBN license

Monday 12 November 2018 11:11 CET | News

Factoring and Supply Chain Finance Ltd has secured the Central Bank of Nigeria’s license to commence business transactions in trade receivables finance.

With this license, it added that the FSCF was positioned to act as a channel of liquidity in the underserved receivables finance market. This is with a view to supporting Small and Medium-scale Enterprises and large corporates that need to discount its receivables prior to the completion of payment cycles.

The FSCF is a Pan African capital holdings company and a member of the Factors Chain International, a non-profit association based in the Netherlands and representing the interests of the global open account receivables finance industry. Factors Chain International has nearly 400 members based in 91 countries, and form a trading network that provides cross border factoring services that allows members to finance foreign receivables.


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Keywords: Factoring and Supply Chain Finance Ltd, supply chain finance, Central Bank of Nigeria, commerce business transaction, trade finance, trade receivables finance, Nigeria, Africa, Factors Chain International
Countries: World