June, 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…
Read MoreApril, 2020
6 April
COVID 19 – NAVIGATING THE TERRAIN
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…
Read MoreMarch, 2020
31 March
WE ARE WITH YOU!!!
At this trying time in our history, our thoughts and prayers are with you, your family and friends. It is a difficult time for business and all aspects of our lives. We are however confident that this shall pass soon as we encourage us to stay safe. We look forward to seeing you at…
Read MoreFebruary, 2020
10 February
OPERATING LEASE: MITIGATING RISK AND OPTIMISING PROFITS
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…
Read MoreJanuary, 2020
9 January
HOW TO USE EQUIPMENT LEASING TO GROW YOUR BUSINESSES
Leasing is the creative financing alternative of today because it meets diverse needs. A lease is an agreement whereby the lessor (owner of equipment) convey to the lessee (user of equipment) the right to use the asset for an agreed period of time, in return for a payment or series of payments. Below are…
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9 January
27 C’S OF LEASE CREDIT FOR ASSESSING LESSEE RISK
In any venture, the question of risk cannot be overlooked in the sense that the investor is taking the chance that the investment might not eventually yield the desired return or the actual cash flow might fall below expectation. Hence, in every investment particularly leasing, risk must be analysed. The following Cs are…
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9 January
EQUITY CONTRIBUTION AND PURCHASE OPTION
Equity contribution and purchase options are common features in lease transactions, In case of equity contribution the intention mainly, is to get the commitment of the lessee while for purchase option is to achieve the true intention in finance lease of the lessee becoming owner of the asset at the end of the lease….
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8 January
Secured Transaction, Collateral Registry and Leasing
Secured Transaction, Collateral Registry and Leasing In 2017, the Secured Transaction in Movable Assets Act was enacted to encourage the use of movable assets as collateral for a loan. This is part of Government’s efforts to enhance access to finance especially to SMEs and financial inclusion The Act applies to all securities in movable…
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