FG orders mandatory lease registration with ELRA
Image Credit: tribuneonlineng- The Nigerian Federal Government has mandated all lessors and leasing companies in the equipment leasing sector to register lease agreements through the Equipment Leasing Registration Authority (ELRA).
- This directive is based on the Equipment Leasing Act, 2015, aiming to ensure legal recognition, protect parties involved, and promote transparency in leasing.
- The ELRA portal now serves as the central platform for compliance monitoring and communication within the leasing industry.
- ELRA approved a waiver for late registration fees covering the first two quarters of 2025 to encourage compliance.
Image Credit: tribuneonlinengYou must be logged in to comment.
Log in to commentMore from Tribuneonlineng
Nigeria to Launch New National Industrial Policy to Revitalize Manufacturing Sector
Senator John Owan Enoh, Nigeria’s Minister of State for Industry, announced the upcoming launch of a new National Industrial Policy aimed at revitalizing the industrial sector by addressing key challenges like unreliable power supply and high logistics costs. The draft...
Business
brief
Osun Court Remands Suspended Ede Chief Over Defamation Allegations
A Magistrate court in Ede, Osun, has ordered the remand of Jimoh Abdulkabir, the suspended Loogun of Edeland, over allegations of defamation against Adam Akindere. Abdulkabir faces four charges including defamation, cyberbullying, and threats for allegedly posting defamatory statements on...
Crime
brief
Naira’s Value Collapses: N100 in 1960 Now Worth Over N1.1 Million, Experts Warn of Economic Crisis
Over 65 years, Nigeria’s naira has lost nearly all purchasing power, with N100 in 1960 equating to N1.1 million in real terms by 2025, according to World Data. This decline is attributed to persistent inflation, currency devaluations, and economic mismanagement,...
Business
brief
US Judge Blocks Trump’s Unlawful National Guard Deployment to Los Angeles
A federal judge ruled that the Trump administration’s deployment of California’s National Guard to Los Angeles was unlawful and must be reversed, temporarily restoring control to Governor Gavin Newsom. The state had sued, arguing President Trump acted without the governor’s...
Law
brief
APC’s Mumuni Urges President Tinubu to Deploy Drones and Biometric Tech to Secure Nigeria’s Porous Borders
Ambassador Abayomi Mumuni, an APC leader, has advised President Bola Tinubu to use drones, biometric systems, and modern technology to secure Nigeria’s porous borders amid rising insecurity. Mumuni highlighted that terrorism, kidnapping, armed robbery, and illegal migration exploit border vulnerabilities,...
Politics
brief
Anglican Bishop Warns Tinubu: 2027 Election Will Reject APC Defectors, Says Nigerians Decide Future
Anglican Bishop Ephraim Ikeakor criticised Nigerian politicians for prioritising personal gain over public welfare and for frequently defecting to the ruling APC despite its negative impact on Nigerians. He described politicians as lacking clear political ideology and condemned their support...
Tinubu’s Benue Visit Draws Criticism as Obi Demands Immediate Action on Mass Killings and Flood Relief
President Bola Ahmed Tinubu plans to visit Benue State on Wednesday following the massacre of over 200 villagers, a move described as a solidarity visit by the Presidency. Labour Party leader Peter Obi criticized the delay, stating that immediate presidential...
Top 5 Personal Loans for Bad Credit with Guaranteed Approval and No Credit Check Needed
Individuals with bad credit can still obtain personal loans through specialized lenders who offer guaranteed approval and flexible terms online. Top lenders highlighted include Upstart, Upgrade, MaxLoan365, 50K Loans, and Wizzay, each catering to different borrower needs like quick approval,...
NPA Launches $1 Billion Port Upgrades Boosting Nigeria’s Maritime Economy and Trade in 2024
The Nigerian Ports Authority (NPA), under MD Dr. Abubakar Dantsoho, is spearheading a $1 billion reconstruction of Tincan Island Port and rehabilitation of other major ports including Apapa, Rivers, Onne, Warri, and Calabar to modernize infrastructure and expand capacity. These...
Edo Governor Launches Committees to Resolve Security and Land Boundary Conflicts
Governor Monday Okpebholo of Edo State has inaugurated two committees to address critical issues of security and land disputes, aiming to enhance peace and stability. The Livestock Control Committee, chaired by General Cecil Esekhaigbe (rtd), will focus on resolving herders...
No comments yet. Be the first!