ELAN JOINS LAGOS CHAMBER OF COMMERCE AND INDUSTRY (LCCI)
ELAN JOINS LAGOS CHAMBER OF COMMERCE AND INDUSTRY (LCCI) In pursuit of its objective of promoting the business of leasing in Nigeria, Equipment Leasing…
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TAX IMPLICATIONS OF LEASING IN NIGERIA
The Federal Inland Revenue Service (FIRS) adopted the treatment of leasing by the International Accounting Standards on Leases SAS 11, and accordingly classifies leases…
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UNDERSTANDING KEY ISSUES IN LEASE CREDIT ASSESSMENT
As a lessor (the owner of the asset), leasing business can be sourced through the following are the ways: By direct marketing of the…
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SPOTING THE RED FLAGS IN A LESSEE’S PROPOSAL FOR A LEASE
There are several factors that portend danger in the performance of a firm. If a potential corporate lessee comes up with a proposal for…
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MAJOR ISSUES THAT AFFECT LEASE VERSUS BUY DECISIONS
There are some factors and variables, both qualitative and quantitative, that affects a person or firm’s decision either to buy or lease an asset….
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OVERCOMING COMMON OBJECTIONS IN LEASING
In other to succeed as a lessor (owner of asset), it is important to identify objections to leasing and find a way to overcome…
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LEASE AND OTHER EQUIPMENT FINANCING OPTIONS
Leasing is similar to other forms of equipment financing. However, it has distinct nature from the other methods. i. Hire Purchase – the assets are…
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HOW TO TREAT TAX AS A LESSEE (USER OF ASSET)
All lessees, especially a business entity, must treat their taxes appropriately in its books, and this should comply with the provisions of the latest…
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MAJOR GUIDES TO PROFITABLE LEASE STRUCTURING
Structuring a lease involves determining the periodic lease payment based on the terms of the lease, in such a way as to cover all…
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FG SEEKS ELAN INTERVENTION TO DEVELOP THE MINING SECTOR
FG SEEKS ELAN INTERVENTION TO DEVELOP THE MINING SECTOR The Federal Government has recently contacted Equipment Leasing Association of Nigeria (ELAN), to partner with…
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