C&I Leasing Plc recorded an over-subscription in its recent Series 5 Commercial Paper Issuance, which concluded in March 2025.
In a statement on Sunday, the firm said that since registering its N50bn commercial paper programme with the FMDQ in 2022, it has raised over N22.00bn across four series with rising demand for its commercial notes as indicated by issuing houses Cordros Capital Limited and Anchoria Advisory Services Limited.
In the last five 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.
The Group Managing Director/Chief Executive Officer, Lenin Ugoji, alluded to several factors that are positioning the company for improved shareholder value. Key amongst them 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 this, he said a renewed focus on customer feedback and retention across its business offerings and increased investments in technology to improve service efficiency are some of its goals in 2025.
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 in 2024 on the group’s venture into electric vehicles and compressed natural gas in Ghana and Nigeria, the initial forays have witnessed a 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.
As Nigeria’s largest integrated leasing and business services company, C&I Leasing Plc has over 7,500 employees across Nigeria and its subsidiaries overseas.