C & I Leasing Plc posts loss after tax of N170 million in 9M 2021.

C & I Leasing Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Net lease rental income for the period was N6.43 billion (-16.5% YoY)
  • Net tracking income of N52.85 million (-40.8% YoY)
  • Net operating income was N5.08 billion. (-8.1% YoY)
  • Personnel expenses totalled N843.4 million. (-20% YoY)
  • Total assets for the period stood at N57.7 billion.
  • Loss after tax was N170 Million.
  • Earnings per share of 21.75 kobo Vs 43.90 kobo YoY.

See link to results.

C & I Leasing Plc appoints new COO, and 2 others.

The Board of Directors of C & I Leasing Plc has announced the appointment of three individuals into its senior management. They are; Mr Ugoji Lenin Ugoji (Chief Operating Officer), Mrs Adetutu Sanni (Chief Commercial and Strategy Officer) and Mr Olumuyiwa Oshomoji (Chief Marketing Officer-Marine).

This was disclosed by the firm via a statement signed by its secretary, Mbanugo Udenze & Co and made available on the website of the Nigerian Exchange Limited (NGX).

About the new appointees

Mr Ugoji Lenin Ugoji: Ugoji joins C & I Leasing with over 20 years’ experience in Commercial/Investment Banking, Leasing and Asset Management. Prior to his recent appointment, he gained valuable work experience from the Mellanby Trust Company, a Commodity focused Asset Management Company, where he was a founding Director and the Chief Investment Officer responsible for directing the company’s Investment Portfolio structure for purposes of its corporate and individual clients. He also gained relevant working experience from the Aquila Capital Group, where he served as the pioneer Group Head Treasury & Wealth Management.

Mr. Ugoji also worked for leading banks in Nigeria, such as Continental Trust Bank (now UBA) and NAL Bank Plc (now Sterling Bank).He holds a Bachelors’ Degree in Estate Management from the University of Lagos, and an MBA in Banking & Finance from the ESUT Business School, Enugu. He is also a Chartered Pension professional, and an associate of the Certified Pension Institute of Nigeria

Mrs Adetutu Sanni: Adetutu boasts of over 20 years of relevant career experience spanning Sales & Marketing, Product Development, Strategy Formulation & Implementation, Corporate Communications and Development and Human Capital Management at executive management level. She started her career in 1996 with Vigeo Holdings, managing various business development positions and left the company in 2005 as Head of Marketing and Business Development at CitiServe Limited, a subsidiary of Vigeo Holdings.

Prior to joining C & I Leasing, Adetutu served as Chief Operating Officer for Courierplus Services Limited where she supported the CEO in the management of the sales and operations of the company. She served various capacities in five of Superflux Group companies during her fifteen-year stint with the company including her role as pioneer Chief Operating Officer of Superflux International (Ghana) Limited between 2009 and 2010. Adetutu is an alumna of Obafemi Awolowo University where she studied Economics and she is currently wrapping up an Executive MBA program with Business School, Netherlands.

Mr. Olumuyiwa Oshomoji: Muyiwa is an alumnus of the University of Lagos where he studied Civil, Structural & Environmental Engineering and holds a Diploma in ‘Shipping Education for emerging Managers’ from the Moller Maersk International Shipping Education, in South Africa. He also holds an Executive MBA from EM Lyon Business School, Lyon, France. Muyiwa joins C & I after 12 years of experience with the Bourbon group where he exited as the Director Business Management in 2020. During his time in Bourbon he served in diverse leadership, strategy, commercial and operational roles, both locally and internationally.

About C & I Leasing Plc

C&I Leasing Plc is a Nigerian public limited maritime company formed in 1990, with an objective of providing both operating and finance leases and other services. The Company’s principal activities include extension of structured operating and finance leases to the productive and other sectors of the economy.


2021 HY Results: C & I Leasing Plc half year profit slumps by 58% to N113 million.

C & I Leasing Plc released its unaudited financial results for the half year period ended 30th of June, 2021.

  • Gross earnings for the period stood at N9.3 billion. (-15.5% YoY)
  • Net lease rental income was N4.3 billion. (-17.04% YoY)
  • Net outsourcing income of N597.11 million. (-13.3% YoY)
  • Net tracking income of N38.9 million. (-35.7% YoY)
  • Total assets during the period stood at N58.01 billion.
  • Personnel expenses totalled N546.3 million. (-17.9% YoY)
  • Profit after tax was N113 million. (-57.8% YoY).
  • Basic earnings per share of 13 kobo Vs 36 kobo YoY.

See link to results.

C & I Leasing Plc proposes final dividend worth N39.1 million for shareholders.

The Board of C & I Leasing Plc has proposed a final dividend of N39.1 million to its shareholders for the period ended 31st of December, 2020.

This is according to a notification published on the website of the Nigerian Exchange Group Plc (NGX), stating that a dividend of 5 kobo per share will be paid on all the issued 781,646,167 ordinary shares of the company.

The proposed final dividends will be paid electronically to qualified shareholders on or before 30th of June, 2021. Qualified shareholders are those, whose names appear on the Register of Members as at close of business on 11th of June, 2021. Other qualifying conditions are;

  • Shareholders must have completed the e-dividend registration.
  • In addition, shareholders must have mandated the Registrar (Centurion Registrars Limited) to pay their dividend directly into their bank accounts.

What you should know:

  • C & I Leasing Plc earlier released its Q1 2021 results showing a profit after tax of N77.7 million.
  • In a bid to consider the proposed final dividend, an Annual General Meeting (AGM) will be held by the company on the 29th of June, 2021 by 11:00am