A major fleet management deal has been sealed by C&I Leasing Plc, triggering a significant demand for its shares at the Nigerian Exchange (NGX) Limited.
The firm services major Nigerian entities and multinationals in the telecommunications and energy sectors, a testament to expanding market confidence in its ability to perform and leverage its innovations.
The transaction, which was recently completed, has been warmly received by investors in the capital market, with its share price rising since the beginning of this week.
On Monday, July 7, 2025, the company’s stock value gained 9.7 per cent to close at N6.00 from its previous week closing price of N5.47, and the next day, it chalked up 10.00 per cent to settle at N6.60.
On a year-to-date basis, the stock is up by 75.1 per cent, having started the year at N3.77, and in the last four weeks, it has risen by 44 per cent, becoming the 22nd best performer on NGX.
Recall that recently, C&I Leasing released its financial statements for 2024 financial year and it improved its revenue to N36.7 billion from N22.4 billion in 2023, as its post-tax profit jumped to N1.6 billion from N273.3 million in the previous year.
The chief executive of the organisation, Mr Ugoji Lenin Ugoji, promised that the firm would continue to maintain its high standard of product offerings so as to sustain its profitability in the near future.
C&I Leasing is the country’s foremost Integrated leasing, and other ancillary services company, with its fleet management unit offering a full range of fleet management solutions which include vehicle rentals, vehicle tracking/fuel monitoring and vehicle maintenance, reservation for business, school bus and third-party businesses.
In the coming days, shareholders will gather for the Annual General Meeting (AGM) and the latest development will excite them because it will secure the company’s status as Nigeria’s largest leasing and mobility solutions firm.
As the AGM draws near, stakeholders do believe that better times are ahead, and a clear growth target is on course. There are bound to be further gains in the shares of this company before the year runs out.
According to Mr Ugoji, C&I Leasing will continue to “create superior service to our stakeholders, particularly our esteemed customers and shareholders whose confidence and support have been the driving force behind our achievement.”