C&I Leasing Plc has announced the over-subscription of its Series 5 Commercial Paper Issuance, which successfully concluded in March 2025. The firm raised significant interest from the market, highlighting the strong demand for its commercial notes and the confidence investors have in the company’s growth trajectory.

The company revealed that it has now raised over N22 billion across four series since registering its N50 billion commercial paper programme with the FMDQ in 2022. This issuance was led by issuing houses Cordros Capital Limited and Anchoria Advisory Services Limited, both of which noted the increasing investor demand for C&I Leasing’s commercial papers.

In the past five years, C&I Leasing has consistently seen its commercial papers and corporate bonds oversubscribed, reflecting the market’s growing confidence in its leadership and strategic initiatives. The company’s Group Managing Director/CEO, Lenin Ugoji, attributed this success to the firm’s commitment to operational efficiency and a renewed focus on customer satisfaction.

“As a service business, we are only as good as what our clients say,” Ugoji stated, emphasizing that customer feedback and retention will remain central to their strategy in 2025.

Focus on Operational Efficiency and Technology

C&I Leasing Plc is poised for continued growth through investments in technology and the enhancement of its service offerings. The company’s emphasis on improving operational performance management and leveraging technology to enhance service efficiency is expected to create substantial shareholder value in the coming years.

Expansion of Electric Vehicles in West Africa

The company is also expanding its footprint in West Africa, with its subsidiary Leasafric Ghana Plc increasing the deployment of electric vehicles (EVs) in response to positive customer feedback within the Ghanaian economy. This move aligns with the firm’s 2024 strategy to invest in sustainable energy solutions, including compressed natural gas (CNG) and electric vehicles.

The introduction of electric vehicles in Ghana and Nigeria has shown promising outcomes, with initial efforts yielding cost benefits and improved service delivery. As a result, Leasafric is expanding its fleet to include higher categories of EVs for ride-hailing and fleet support services, continuing the company’s push for green, sustainable transport solutions.