Category: Latest News

Dear Members, I am very delighted to welcome you to the 24thAnnual General Meeting of our Association and to present to you the Financial Statements and Reports for the year ended 31stDecember 2018.                                                                           Business Environment  Generally, the Nigerian economy recorded improvements in the area of growth, price and exchange rate stability as well as fiscal stability. Macroeconomic conditions recorded modest improvement as real growth in GDP rose to 1.93% in 2018 from 0.82% in 2017. The exchange rate remained…

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(5th from left): Abubakar Danlami Sule, Ag. Managing Director/CEO Keystone Bank Limited, (5th from right): Olutoyin Okeowo, Chairman Board of Directors, ELAN , at the courtesy visit to Keystone Bank Limited  held on the 7th June 2019. The visit  is part of the Association’s strategic focus to foster closer relationship with members and other stakeholders to enhance the value proposition of the Association to the leasing industry and Nigerian economy.

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LEASE VOLUME HITS N1.68TRN IN 2018 The Nigerian leasing industry maintained its impressive growth at 16.3 percent in 2018. Outstanding lease volume stood at N1.68trillion as against N1.44trillion in 2017. This growth was significantly facilitated by new entrants into the leasing industry, increased awareness on the ideals of leasing as a unique financing instrument, the relative stability in the macroeconomic environment, increasing demand necessitated by the rising cost of assets due to the depreciation of the Naira. Click here…

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    Directors of ELAN Distinguished Guest Speakers Distinguished Participants Gentlemen of the Press Ladies and Gentlemen   I am very delighted to welcome you on behalf of the Equipment Leasing Association of Nigeria (ELAN), to the 5th Transport Logistics & Fleet Management Conference with the theme “THE ROLE OF FLEET MANAGEMENT IN ENHANCING CORPORATE OBJECTIVES”. I most heartily welcome our Distinguished Guest Speakers as well as all other Dignitaries. We are deeply honoured and sincerely valued your presence…

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The Equipment Leasing Association of Nigeria (ELAN) recently paid a courtesy visit to Toyota Nigeria Limited on the 15th of March 2019. The visit is part of the Association’s strategic focus to foster closer relationship with members and other stakeholders to enhance the value proposition of the Association to the leasing industry and Nigerian economy.

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 The International Financial Reporting Standards (IFRS) 9 on Financial Instruments came into effect on 1st January 2018. The standard includes requirements for recognition and measurement, impairment, derecognition and general hedge accounting. IFRS 9 establishes a new approach for loans and receivables, including trade receivables – an “expected loss” model that focuses on the risk that a loan will default rather than whether a loss has been incurred. Entities will have to start providing for possible future credit losses in the very…

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COMMUNIQUE ISSUED AT THE 16TH NATIONAL LEASE CONFERENCE ORGANISED BY THE EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN), HELD ON THURSDAY, 15TH NOVEMBER 2018 AT MITROS RESIDENCES HOTEL, IBARA – ABEOKUTA, OGUN STATE   1.0       BACKGROUND In furtherance of its objective of promoting the ideals of leasing in Nigeria and its advocacy drive, the Equipment Leasing Association of Nigeria (ELAN) organised its 16th National Lease Conference held on Thursday, 15th November 2018 at Mitros Residences Hotel, Ibara – Abeokuta,…

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  WELCOME ADDRESS BY MR OLUTOYIN OKEOWO, CHAIRMAN, BOARD OF DIRECTORS, EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN) AT THE 16TH ANNUAL NATIONAL LEASE CONFERENCE HELD ON THURSDAY, 15TH NOVEMBER 2018 AT MITROS RESIDENCES HOTEL, IBARA, ABEOKUTA, OGUN STATE   The Special Guest of Honour/Chief Host, His Excellency Senator Ibikunle Amosun CON, FCA, the Executive Governor of Ogun State   Royal Father of the Day, HRM Oba Aremu Gbadebo, the Alake of Egbaland   Chairman of the Occasion, Mr Tunde…

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  COMMUNIQUE ISSUED AT THE EXECUTIVE BUSINESS FORUM “UNDERSTANDING AND PREPARING FOR IFRS 16” ORGANISED BY THE EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN) HELD ON TUESDAY, 31ST JULY, 2018 AT LCCI CONFERENCE & EXHIBITION CENTRE, ALAUSA, IKEJA – LAGOS   BACKGROUND In furtherance of its objective of promoting the business of leasing in Nigeria and entrenching best practice in the industry, the Equipment Leasing Association of Nigeria (ELAN) recently organised its Executive Business Forum , which was held on…

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  WELCOME ADDRESS BY MR OLUTOYIN OKEOWO, CHAIRMAN, BOARD OF DIRECTORS, EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN) AT THE EXECUTIVE BUSINESS FORUM “UNDERSTANDING AND PREPARING FOR IFRS 16” HELD ON TUESDAY, 31ST JULY, 2018 AT LCCI CONFERENCE AND EXHIBITION CENTRE, ALAUSA, IKEJA – LAGOS.   Distinguished Guest Speakers and Panelists, Respected Members of Board of Directors Here Present Esteemed Members of ELAN, Gentlemen of the Press, Ladies and Gentlemen   I am honoured and delighted to welcome you to…

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