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.
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