CILeasing Cannot Be Underestimated - EW Nation

CILeasing Cannot Be Underestimated

June 21, 2025

C & I Leasing Plc reported a ₦1.23 billion profit after tax in 2023, with a TTM estimate of ₦1.3 billion as of Q3 2024, up 47.9% to ₦1.05 billion, driven by marine and fleet management growth [web:10]. Its P/E ratio of 4.69x is within the Nigerian financial services range (3–6x) but below the NGX market (10–12x), suggesting fair valuation. Petra Capital’s 60% acquisition in Q2 2024, a $10 million marine contract, and a ₦1.5 billion rights issue position the company for growth,

CILeasing Cannot Be Underestimated

Updated: 6/21/2025 12:49 PM

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