Category: Latest News

 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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  The Equipment Leasing Association of Nigeria (ELAN) recently held its 23rd Annual General Meeting (AGM) in Lagos. Major highlights of the meeting include the presentation of the 2017 Annual report and accounts, providing an overview of the key activities and initiatives conducted by the Association in 2017 and the election of a new Board of Directors. The new Board is chaired by Olutoyin Okeowo, Managing Director/CEO Metropolitan Motors Limited. Other members of the Board include Elizabeth Ehigiamusoe (Mrs),…

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  The Equipment Leasing Association of Nigeria (ELAN) recently paid a courtesy visit to Memose International Limited. 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. The ELAN delegation was received by Mr Emeka Ariguzo, Managing Director/CEO . The delegation led by Bode Dinyo, Director of ELAN / Chairman Membership Committee, briefed the host on…

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  The Equipment Leasing Association of Nigeria (ELAN) recently paid a courtesy visit to Industrial and General Insurance Plc (IGI).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. The ELAN delegation was received by Mr Bayo Folayan, Managing Director/CEO and other Executive Management team. The delegation led by Bode Dinyo, Director of ELAN / Chairman…

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  The success of a leasing business depends on the understanding of key factors such as: effective business packaging strategies; winning the deals strategies, customised pricing and structuring techniques as well as standard documentation. This programme is designed to achieve these and many more to make you a Champion in these essential areas of your business This unique programme offers participants the following: Identify the baits to overcome in documentation Understand the strategies for winning the lease Gain adequate…

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