November, 2020
28 November
HOW THE EQUIPMENT LEASING ACT PROTECTS YOUR BUSINESS
The Equipment Leasing Act 2015, is essentially aimed at promoting the business of leasing in Nigeria by among other things, creating clarity, certainty and sanity in the practice of leasing and ensuring protective mechanism, for both the lessor and lessee. The memorandum of the Act states that “This Act seeks to regulate the…
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26 November
COMMUNIQUE ISSUED AT THE 18TH NATIONAL LEASE CONFERENCE
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…
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26 November
CONFIRMATION AND CORROBORATION IN LEASING
A lessor did a transaction in which the lessee presented postdated cheques, bank statements, staff ID card, house address and pro-forma invoice, as part of the requirements for the lease. The lessor only realised that the information given by the lessee were false after the transaction went bad. This true story remains a reoccurring…
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23 November
WELCOME ADDRESS AT THE 18TH ANNUAL NATIONAL LEASE CONFERENCE HELD ON THURSDAY, 19th NOVEMBER 2020.
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…
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20 November
9 KEY SUCCESS FACTORS FOR LEASING BUSINESS
–Competitive Advantage – this takes a number of forms e.g. size, funding sources speedy process. –Specialisation – creating a niche, focusing on specific product or market segment, transaction size, equipment type, industry or geographical area. –Customer service and flexibility – good relationship. Flexibility in product offering and responsiveness of the lessor. –Funding Ability –…
Read MoreSeptember, 2020
30 September
ELAN ADVOCATES LEASING FOR RE-INFLATING THE ECONOMIY IN COVID-19
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…
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23 September
ELAN’S WORKING VISIT TO FEDERAL MINISTRY OF MINES AND STEEL DEVELOPMENT
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…
Read MoreJune, 2020
25 June
CHAIRMAN STATEMENT AT 25TH AGM
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….
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25 June
NIGERIAN LEASING INDUSTRY MAINTAINS GROWTH AT 13.5 PER CENT IN 2019
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…
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1 June
COMMUNIQUE ISSUED AT THE VIRTUAL FORUM “THE NIGERIAN LEASING INDUSTRY IN THE NEW NORMAL” ORGANISED BY THE ELAN HELD ON FRIDAY, 29TH MAY, 2020.
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…
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