The C&I Leasing Plc said it has recorded over subscription in its recent Series 5 Commercial Paper Issuance concluded last month.
The Group Managing Director/CEO of the firm, Lenin Ugoji, who disclosed this in a recent report, alluded the success to several factors that are positioning the company for improved shareholder value.
He noted that since registering its N50b commercial paper programme with the FMDQ in 2022, C&I Leasing has raised over N22 billion across four series with increasingly rising demand for the company’s commercial notes as indicated by issuing houses Cordros Capital Limited and Anchoria Advisory Services Limited.
“In the last five years, we have issued a series of commercial papers and corporate bonds, which had all been over-subscribed, indicating an excellent show of confidence from the Market in theBoard and Management initiatives to improve the company’s fortunes.
“As Nigeria’s largest integrated leasing and business services group with over 7,500 employees across Nigeria and its subsidiaries overseas, C&I Leasing Plc has witnessed some strong improvements across its core business areas of marine services, fleet services and personnel outsourcing services.
“This includes its recent foray into alternative energy for its Vehicle Fleet and also has its sights set on introducing the same to the marine services section of its business in the near future,” he said.
Ugoji noted that on the West African front and with the positive feedback received from its clients within the Ghana economy, C&I Leasing Plc via its subsidiary, Leasafric Ghana Plc is expanding its use of electric vehicles within its fleet.
As reported last year on the group’s venture into Electric Vehicles and Compressed Natural Gas (CNG) in Ghana and Nigeria, Ugoji said the initial forays have witnessed positive impact on service delivery with green shoots being experienced in potential cost benefits.
“As a result, Leasafric has procured higher categories of electric vehicles for deployment in ride hailing and other categories of vehicle fleet support to customers.
Key amongst the several factors that are positioning us for improved shareholder value is the strategy of continuous focus on improving operational efficiency and performance management. As a service business, we are only as good as what our clients say.”
He said in addition to the renewed focus on customer feedback and retention across its business offerings, increased investments in technology to improve service efficiency is one of its goals in 2025.
