C&I Leasing records over subscription in Series 5 Commercial Paper

C&I Leasing Plc recorded a super impressive over subscription in its recent Series 5 Commercial Paper Issuance which concluded in March 2025. Since registering its N50 billion commercial paper programme with the FMDQ in 2022, C&I Leasing has raised over N22 billion across four series with increasing demand for the company’s Commercial Notes as indicated […]

C&I Leasing Plc recorded a super impressive over subscription in its recent Series 5 Commercial Paper Issuance which concluded in March 2025.

Since registering its N50 billion commercial paper programme with the FMDQ in 2022, C&I Leasing has raised over N22 billion across four series with increasing demand for the company’s Commercial Notes as indicated by issuing houses, Cordros Capital Limited and Anchoria Advisory Services Limited.

In the last 5-years the company has issued a series of commercial papers and corporate bonds, which had all been oversubscribed indicating an excellent show of confidence from the market in the board and management’s initiatives to improve the company’s fortunes.

As Nigeria’s largest integrated leasing and business services group, it boasts of over 7,500 employees across the country and its subsidiaries overseas.

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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 growing greener.

On the West African front and with the positive feedback received from its clients within the Ghanaian economy, C&I Leasing Plc via its subsidiary, Leasafric Ghana Plc, is expanding its use of electric vehicles within its fleet.

As reported in 2024 on the group’s venture into electric vehicles and Compressed Natural Gas (CNG) in Ghana and Nigeria, 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.

In a recent report, the Group Managing Director/CEO, Lenin Ugoji, alluded to several factors that are positioning the company for improved shareholder value; key among them being the strategy of continuous focus on improving operational efficiency and performance management.