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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…

COMMUNIQUE ISSUED AT THE VIRTUAL FORUM “THE NIGERIAN LEASING INDUSTRY IN THE NEW NORMAL” ORGANISED BY THE ELAN HELD ON FRIDAY, 29TH MAY, 2020.

June 1, 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 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…

COVID 19 – NAVIGATING THE TERRAIN

April 6, 2020

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…

WE ARE WITH YOU!!!

March 31, 2020

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 the brighter side when its all over. Thank you. ELAN

OPERATING LEASE: MITIGATING RISK AND OPTIMISING PROFITS

February 10, 2020

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…

HOW TO USE EQUIPMENT LEASING TO GROW YOUR BUSINESSES

January 9, 2020

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 the reasons why this is so Alternative source of capital financing: Leasing provides an alternate source of financing where a company is faced with tight…

27 C’S OF LEASE CREDIT FOR ASSESSING LESSEE RISK

January 9, 2020

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 meant to guide the lessor in risk analysis. 1. Confirmation which is the ability of the lessor to obtain and confirm information supplied by the…

EQUITY CONTRIBUTION AND PURCHASE OPTION

January 9, 2020

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. Many transactions have scaled through without any issue relating to these. However, the sore point will manifest when there are disputes especially on repossession. Equity contribution…

Secured Transaction, Collateral Registry and Leasing

January 8, 2020