Category: Latest News

Distinguished Members,   It is my privilege to welcome you to our Association’s 30th Annual General Meeting and present the Financial Statements and Report for the year ended 31st December 2024. The Macroeconomic Environment The global economy demonstrated remarkable resilience in the past few years despite being subject to major shocks such as the pandemic and an energy crisis. In 2024, global growth remained stable, while inflation continued to decline. According to the World Bank, global GDP inched from…

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    As this month marks another anniversary of joining the Association and for your invaluable contribution to the development of the Nigerian leasing industry and the economy. We wish you more giant strides in years ahead

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The focus of this edition is “Role of Alternative Dispute Resolution (ADR) Mechanisms in Leasing” Download your copy today and and stay updated on the latest industry trends and insights…

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The Nigerian leasing industry continues to thrive in the face of challenges, including a background of global economic uncertainties, geopolitical tensions, the aftermath of the COVID-19 pandemic, and increasing domestic macroeconomic vulnerability. In 2024, the industry recorded a growth of 23.2 %, with outstanding leases of N5.16 trillion as against N4.19 trillion in 2023, while new leases peaked at N973.3 billion. Leasing volume contribution to the Nigerian economy over the last decade is estimated at N24.6 trillion. For full…

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  The Equipment Leasing Registration Authority (ELRA) portal is open for registration of lessors. Take this opportunity as this further creates visibility for your organisation as recognised lessor and in furtherance of gaining the benefits provided by the Equipment Leasing Act 2015. Kindly click here to register. ABOUT ELRA The Equipment Leasing Registration Authority (ELRA) is a public private partnership arrangement, set up by the Equipment Leasing Act 2015, to enhance its developmental objective. The functions of the Authority include:…

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The focus of this edition is “EQUIPMENT LEASING: THE CREATIVE FINANCING ALTERNATIVE IN TODAY’S REALITY” Kindly click below to download:

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                        https://youtube.com/shorts/mwHglakaxK4 We are excited to announce our digital online training programme! Our first course, Mastering Lease Administration: Navigating the Leasing Lifecycle for Business Growth, is now live. Register now and discover new opportunities. Kindly click here.

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                In furtherance of its objective of promoting the business of leasing in Nigeria, ELAN in conjunction with Lagos Multi-Door Court Hoise (LMDC), the first court connected ADR centre in Africa, recently held a sensitisation forum on alternative dispute resolution mechanism. The programme was held on Tuesday, 11th February 2025 to facilitate knowledge of ADR, promote and adopt it to enhance the speedy resolution of disputes in lease transactions. In the presentation,…

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                In pursuit of its primary objective of  promoting the business of leasing in Nigeria, ELAN held executive business forum on 30th January. The forum with the theme: 2025 Economic Outlook and Impact Analysis for the Leasing Industry, considered the key influencers for 2025 and how members can develop sustainable strategies to wade through the challenges and tap into opportunities they present, to sustain and grow their businesses. The lead presentation was made…

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