Category: Latest News

  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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The 23rd Annual General Meeting (AGM) of the Equipment Leasing Association of Nigeria (ELAN) shall be held on Thursday, 28th June 2018 at ELAN Training Centre, 25B, Fola Jinadu Crescent. Gbagada Phase 1, Lagos. During the meeting, members are expected: To receive the Audited Financial Statements for the year ended 31st December 2017 together with the Reports of the Directors and Auditors To re-appoint Auditors and authorise the Directors to fix their remuneration To elect Directors  

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  The Equipment Leasing Act 2015 is part of Government’s support frame work to further stimulate development of the leasing industry to contribute more effectively to the national economic development. The  Act is intended to create sanity, certainty into the practice of leasing, identifying and protecting the relationship and rights of stakeholders, enhancing confidence and encouraging more investments. A key aspect of the law is the establishment of the Equipment Leasing Registration Authority (a public-private-partnership arrangement), to among other…

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The Nigerian leasing industry continued its positive growth trend in 2017. Outstanding lease volume during the period stood at N1.44trillion as against N1.26trillionin 2016, representing a growth of 14.5%. This growth was facilitated by the relative stability in the macroeconomic environment, increasing demand, new entrants into the leasing industry and increased value of assets due to the depreciation of the Naira. THE NIGERIAN LEASING INDUSTRY MAINTAINS POSITIVE OUTLOOK, GREW BY14.5% IN 2017

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ELAN JOINS LAGOS CHAMBER OF COMMERCE AND INDUSTRY (LCCI) In pursuit of its objective of promoting the business of leasing in Nigeria, Equipment Leasing Association of Nigeria (ELAN) has continued to strengthen partnership with the organised private sector and recently joined Lagos Chamber of Commerce and Industry (LCCI). This is to further the Association’s value proposition, increase robust business networking/references and enhance the visibility of the leasing industry. It is our mandate to continue to make equipment leasing the…

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FG SEEKS ELAN INTERVENTION TO DEVELOP THE MINING SECTOR The Federal Government has recently contacted Equipment Leasing Association of Nigeria (ELAN), to partner with it on the implementation of Nigeria’s national economic strategic plan – the Economic Recovery and Growth Plan (ERGP). Part of this plan is the focus lab, which will be held in three focus areas: Manufacturing/ Processing, Agriculture/Transportation, and Power/Gas. The focus Labs in Manufacturing and Processing will provide a convening opportunity for the private sector…

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ELAN MOBILISES SUPPORT FOR HEALTHCARE DEVELOPMENT In its quest to further develop the healthcare sector in Nigeria as well as enhance value propositions, ELAN had entered into partnership with Swiss Biostadt Limited, one of its members and a renowned vendor of medical equipment, to promote and facilitate investment under an “Equipment Leasing Scheme”. This scheme is expected to provide medical equipment to players in the healthcare sector, to further enhance service delivery in the sector.

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In the second quarter of 2017, the Nigerian economy witnessed positive momentum which marked the beginning of the recovery process from a grueling economic recession in 2016 with its attendant impacts felt in 2017. The Gross Domestic Product (GDP) grew for the first time since Q3 in 2015 by 0.55percent in Q2, 2017 and 1.4% by Q3, 2017. Higher oil output and positive dynamics from the agricultural sector helped the economy exit recession. The Oil and Gas recorded its…

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