Category: Latest News

  West Africa Business News, Monday, January 11, 2021 National Business, Monday January 11 – 17, 2021 The Equipment Leasing Association of Nigeria (ELAN) states that a major financing tool that can bring the economy out of the woods is equipment leasing. This was disclosed in the 2021 outlook released by the Association titled – “2021: A year of Cautious Optimism”. According to ELAN, “rebuilding the economy requires enormous capital and the growing cost of assets, hinders the capital…

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  2021 is here. It is year of great expectation, where everything is expected to turn around for good. Suddenly, it has become the year for a magic which was initially expected for 2020, but which disappointed due, obviously, to the public health crises of COVID-19 that practically pressured all economies, including Nigeria’s. Globally, people have moved all the 2020 expectations to 2021 but economic watchers believe that we are far from “Eldorado” particularly with the re-emergence of the…

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  The Equipment Leasing Association of Nigeria(ELAN) is a Business membership Organisation (BMO) established in 1983, primarily to promote the business of leasing. Membership of the Association consist Banks, Finance Houses, Independent Leasing Companies, Vendors, Insurance Companies, Professional Firm and Individuals  In furtherance of our objectives of spreading the essence of leasing in Nigeria, we are pleased to inform you of our “Career Development Programme in Leasing” for future leaders in the Nigerian Leasing Industry.  The programme is designed…

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  COMMUNIQUE ISSUED AT THE 18TH NATIONAL LEASE CONFERENCE ORGANISED BY THE EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN), HELD VIRTUALLY ON THURSDAY, 19TH NOVEMBER, 2020 1.0       BACKGROUND The 18th National Lease Conference “ADAPTING TO THE NEW WORLD ORDER IN COVID 19 ECONOMY: THE LEASING INITIATIVE, organised by the Equipment Leasing Association of Nigeria (ELAN), was held virtually on Thursday, 19th November 2020. The event was essentially aimed at promoting the ideals of leasing in Nigeria and cross fertilisation…

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The Special Guests of Honour, Otunba Richard Adeniyi Adebayo, CON, Honourable Minister of Industry, Trade and Investment and Arc. Olamilekan Adegbite, Honourable Minister of Mines and Steel Development.   Esteemed Guest Speakers and Panellists Distinguished Special Guests Directors of ELAN Past Chairmen and other past Directors of ELAN Members of ELAN Gentlemen of the Press Ladies and Gentlemen,   It is a great pleasure to welcome you, on behalf of the Equipment Leasing Association of Nigeria (ELAN), to the…

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                        As part of efforts to entrench the value proposition of leasing to national economy, Equipment Leasing Association of Nigeria (ELAN) is organising the 18th National Lease Conference. The conference is the biggest gathering of stakeholders in the leasing industry and a platform for brainstorming on issues pertinent to the development of leasing in Nigeria and the economy at large. The theme for this year’s conference is “Adapting…

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Arc. Olamilekan Adegbite, Hon. Minister for Mines and Steel Development (2nd from Right) flanked by Dr. Olutoyin Okeowo, Chairman ELAN and Hajia Fatima Shinkafi, Executive Director, Solid Minerals Development Fund (SMDF) with Andrew Emonuwa, Executive Secretary ELAN during a working visit to the Ministry of Mines and Steel Development in Abuja, on exploring opportunities for the Leasing industry in the sector.

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Distinguished Members, I am pleased to welcome you to the 25th Annual General Meeting of our Association and present to you the Financial Statements and Reports for the year ended 31st December 2019. Macroeconomic Environment The global Gross Domestic Product (GDP) growth fell to 2.6% in 2019- its lowest rate since the financial crisis. This reflected the broad-based weakness observed during the first half of the year, including a further deceleration in investment amid rising trade tension between United…

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For the tenth time in a row, the Nigerian Leasing Industry buoyed its growth and continued to remain a major contributor to national economic development, while demonstrating its innovation and flexibility in the face of economic turbulence. The leasing industry recorded a remarkable growth of 13.5 percent in 2019, with outstanding lease volume at N1.91trillion as against N1.68trillion in 2018. This growth can be attributed to:the relative stability in the macroeconomic environment, increasing demand for leasing services – necessitated…

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COMMUNIQUE ISSUED AT THE VIRTUAL FORUM “THE NIGERIAN LEASING INDUSTRY IN THE NEW NORMAL” ORGANISED BY THE EQUIPMENT LEASING ASSOCIATION OF NIGERIA (ELAN) HELD ON FRIDAY, 29TH MAY, 2020. 1.0 BACKGROUND The Equipment Leasing Association of Nigeria (ELAN) organised a virtual forum with the theme “The Nigerian Leasing Industry in the New Normal for its members on Friday, 29th May, 2020. The event was among other things, aimed at initiating the leasing industry’s response to the impact of the…

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