C&I Leasing Plc, a leading integrated leasing and business services company in Nigeria, has achieved significant success in its recent Series 5 Commercial Paper Issuance, concluding in March 2025. The issuance was oversubscribed, demonstrating continued market confidence in the company’s growth trajectory and strategic initiatives. This positive outcome builds on a series of successful commercial paper and corporate bond issuances over the past five years, all of which have been met with strong investor interest. Since registering a N50 billion commercial paper program with the FMDQ in 2022, C&I Leasing has raised over N22 billion through four series, reflecting increasing market demand for its commercial notes. Cordros Capital Limited and Anchoria Advisory Services Limited, the issuing houses for these issuances, have played key roles in facilitating this success.
The company’s strong financial performance is attributed to a multi-pronged strategy focused on operational efficiency, performance management, and customer-centricity. Lenin Ugoji, the Group Managing Director/Chief Executive Officer, emphasizes the importance of prioritizing customer satisfaction as a core driver of success in the service-oriented business. He highlights the company’s commitment to continuous improvement based on client feedback and retention efforts across all service offerings. This customer-centric approach is coupled with investments in technology aimed at enhancing service efficiency and responsiveness.
C&I Leasing is also committed to innovation and sustainability, particularly in its fleet management operations. Building on positive feedback from clients in the Ghanaian market, the company, through its subsidiary Leasafric Ghana Plc, is expanding its use of electric vehicles (EVs). This strategic move aligns with global trends towards eco-friendly transportation solutions. Initial forays into EVs and compressed natural gas (CNG) vehicles in both Ghana and Nigeria have yielded promising results, demonstrating both improved service delivery and the potential for significant cost savings. Based on these positive experiences, Leasafric is procuring more advanced EV models for deployment in ride-hailing services and other fleet management applications. This forward-looking approach underscores C&I Leasing’s commitment to sustainable business practices and its adaptability to evolving market demands.
This expansion into electric vehicles is not just a response to market trends, but a reflection of the company’s commitment to sustainable operations and its forward-thinking approach to business. The early success with EVs and CNG vehicles has encouraged further investment in this area, paving the way for a more environmentally friendly fleet and potentially reduced operational costs. By prioritizing customer satisfaction, investing in technology, and embracing sustainable practices, C&I Leasing is demonstrating its commitment to long-term growth and value creation.
The oversubscription of the Series 5 Commercial Paper Issuance further strengthens the company’s financial position, providing resources for future growth and expansion. This financial stability allows C&I Leasing to continue investing in strategic initiatives, such as the expansion of its EV fleet, and further solidify its position as a market leader in integrated leasing and business services. With over 7,500 employees across Nigeria and its international subsidiaries, the company is well-positioned to capitalize on emerging opportunities and deliver sustained value to its stakeholders.
C&I Leasing’s achievements reflect a broader trend among leading businesses that prioritize adaptability, innovation, and sustainability. By embracing these principles, the company is not only responding to evolving market dynamics and customer demands but also contributing to a more sustainable future. The combination of strong financial performance, a customer-centric approach, and a commitment to sustainable practices positions C&I Leasing for continued growth and success in the years ahead. Their focus on incorporating client feedback and their willingness to invest in innovative solutions demonstrate a long-term vision that extends beyond immediate financial gains to encompass broader societal and environmental considerations.
