Category: Latest News

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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The devastating effect on lives and global economy by Covid 19 is no longer news. Global economies are now in a similar state as their public health services – on emergency. While cure is being sought for the scourge, countries across the world including Nigeria are putting palliatives in place to cushion the shocks aimed at keeping the economy from total collapse. While it is hard to accurately capture the impact, due to the uncertainties, such as how long the…

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OPERATING LEASE: MITIGATING RISK AND OPTIMISING PROFIT  We are pleased to invite you to an exclusive Operating Lease Course in Nigeria. This programme is designed to expose you to latest techniques in operating lease pricing and packaging that will significantly enhance your yield in operating lease transactions. It will provide greater understanding for IFRS 16 Accounting requirements and develop creative solutions for suitable operating lease transactions that will generate improved income. WHAT TO EXPECT DEFINING OPERATING LEASE :MARKET PLACE…

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On behalf of the Board of Directors, Management and Staff of the Association, we express our profound appreciation to you for your continued support for the Association and growth of the leasing industry in 2019. Our relationship with you and your immense contributions to the development of the Nigerian Leasing industry over the years is one thing we treasure. The Leasing Industry and indeed the Association, have been able to achieve remarkable milestones due to your unwavering support. Essentially,…

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  KELVIN UWAIBI – SENIOR SPECIAL ASSISTANT TO THE EDO STATE GOVERNMENT ON INVESTMENT PROMOTION Kelvin Uwaibi currently heads the Edo State Investment Promotion Office (ESIPO), Edo State, Nigeria and seats on the National Committee on the “Zero Oil” plan agenda and State Representative at the Nigeria Investment Promotion Commission (NIPC) and Nigeria Export Promotion Council (NEPC) respectively. His interests are in Micro, Small and Medium Enterprises (MSMEs) growth, Promotion of Domestic Investment and Foreign Direct Investment (FDI) Financing….

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(L-R): ANDREW EMONUWA, EXECUTIVE SECRETARY ELAN; ELIZABETH EHIGIAMUSOE (MRS), VICE CHAIRMAN ELAN; JUDE MONYE, EXECUTIVE DIRECTOR, HERITAGE BANK LIMITED AND AKINDE OBATUYI, ASSISTANT EXECUTIVE SECRETARY ELAN, DURING THE VISIT

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