Equipment leasing in Nigeria: Problems and prospects Chibuike Ugochukwu Uche Department of Banking and Finance, University of Nigeria, Enugu Campus, Nigeria, and C & I Leasing PLC, Ikoyi Lagos, Nigeria tel: +234 4245 4124; e-mail: chibuikeuche@hotmail Chibuike Ugochukwu Uche is a senior lec-turer at the University of Nigeria Enugu Campus ...

In South-Eastern Nigeria, several quarry operations provide 8.7% of the country's annual GDP to the economy. These businesses do, however, frequently cause air pollution. Extech Model VPC300 was ...

We are a one-stop mining company with all equipment required for quarrying and mining in our fleet. As at today, we have become the go-to-choice to source for mining equipment, skill and …

Quarry machinery for rent 14 offers Bargain prices Trusted companies Currently in stock Quarry machinery rent and hire Quality construction equipment at Machineryline Nigeria

(e) Quarry Lease: A quarry lease is granted for the quarrying of all quarriable minerals such as asbestos, china clay, gypsum, marble, limestone, sand, stone and gravel as may be specified in the lease. The quarry lease is granted in respect of an area not exceeding 5 square kilometers for a period of 5 (Five) years which

shall be made to Lessor at Lessor's address as set forth in the preamble to this Agreement on or before the due date and without demand. 3. DAMAGE DEPOSIT. Upon the due execution of this Agreement, Lessee shall deposit with Lessor the sum of _____(17)_____ DOLLARS ($_____) receipt of which

Background: Personal protective equipment is a lifesaving equipment which helps in protecting the health of workers. Quarrying activity which is an economic/money marking activity requires workers to be well protected due to the various activities in the quarry sites. Aim: The aim of this work is to assess the usage of personal protective equipment (PPE) among …

The radiological impact of quarry activities on workers and local residents due to the presence of naturally occurring radionuclides have been investigated for two quarry industries.

Area and validity of Quarry Lease. 78. Rights of the holder of a Quarry Lease. 79. Survey. 80. Consequential amendment. PART VII . Roads. 81. ... of the exploration and exploitation of solid minerals in Nigeria; and for related purposes. [2007 No. 50.] [29. th March, 2007] [Commencement.] ENACTED by the National Assembly of the Federal Republic ...

And the Lessee hereby covenants with the Lessor as follows: (a) To pay the rent and royalty in the manner hereinafter mentioned regularly during the subsistence of the Lease. ... The Lessor doth hereby grant permission to the Lessee to enter upon the said land to carry on quarry operations subject to what is hereinafter provided. (2) The Lessee ...

Welcome to Western Quarry Limited. Western Quarry ltd Western Quarry ltd Western Quarry ltd Western Quarry ltd. Western Quarry ltd Western ... We stand by the quality of our products and believe them to be one of the best and most consistent in Nigeria. Efficiency Customer Satisfaction Efficiency. With over 20+ years experienced in Quarry ...

Question: Quarry Equipment Corporation and Rock & Gravel Inc. enter into a lease of three bulldozers. Under the perfect tender rule, Quarry must ship or tender goods to Rock & Gravel that, with respect to the contract description, conform to the best of the lessor's ability under the circumstances, to a reasonable extent. in every way to a substantial degree.

Nigeria has no specific law relating to taxation of leasing companies. Leasing organisations are therefore subject to the tax laws applicable to all companies, although there are specific sections on leasing such as those relating to capital allowance claimable on leased assets. Basically, two types of lease exist for tax purpose. A lease is either a tax lease or a non tax lease. A tax lease ...

As we operate all our own quarries we have a wide range of quarrying equipment capable of producing aggregates of various sizes at rates of between 150 and 600 tons per hour. The equipment includes Static Crushers and Cones, as well as modern Mobile Crushers, Mobile …

The Federal Government of Nigeria is set to formally unveil the Equipment Leasing Registration Authority (ELRA), on Tuesday 7th November 2023 in Abuja, the Federal Capital Territory.According to a press statement signed by ELRA Executive Chairman, En ... Federal Ministry of Trade and Investment, and three representatives from the Equipment ...

The population of the study comprised 682 accounting staff of quarry companies in the southwest of Nigeria. The sample size was 480 determined through a purposive sampling technique.

An equipment lease agreement is a contract for the use of equipment for a specified period and involves the payment of rentals for the use of the equipment by the user (lessee) to the owner (lessor). The Equipment Leasing Act, 2015 (ELA) is the primary legislation governing equipment leasing transactions in Nigeria: section 1 of ELA.

The Lessor will receive lease rent less 10% WHT unless there is tax treaty between Nigeria and the Lessor's country in which case, WHT is 7.5%. ... to aircraft equipment. Not only will the ...

As a lessor (owner of asset), you have two objectives in arriving at IRR (interest rate) for lease: to be competitive and ensure adequate return to cover all cost and satisfy shareholders. To be competitive, you must always keep abreast of market rates and then attempt to stay within that range. There are two approaches to ensuring adequate return. The first …

Equipment lease agreement is therefore a contractual agreement between a lessor and lessee to use an equipment for specified period in exchange for periodic lease payments. The Equipment Leasing Act, 2015 (ELA) is the extant law regulating equipment leasing in Nigeria and it has defined an equipment as any movable or immovable equipment ...

Partner with Wigmore Trading for premier quarrying services in Nigeria. Specializing in ornamental stone, limestone, gypsum, chalk, and slate for building and construction. …

Background: Quarry operation is one of the surface mining activity carried out in Nigeria. It involves different stages of operation such as blasting, crushing and lots more but due to financial ...

APQ was incorporated in Nigeria in 2005, since which it has established subsidiaries in Republic of Benin & Senegal. The company focuses on providing services to its clients in all aspects …

No. 64, Jalan Bayu Laut 4/KS09, Kota Bayuemas, 41200 Klang, Selangor, Malaysia. General Inquiries : +603-3003 3333 Fax : +603-3003 3330 Email : info@hextarindustries

The granite rock deposits within our quarry are distinguished by their high specific gravity and solidity compared to those in the southeastern region of Nigeria. These areas are part of the crystalline rocks of the Nigeria Pre-Cambrian …

The company has in its fold exquisite dimension stone products with the source material developed from selected quarry sites carefully picked by professionals to meet the standards …

Nigeria Godwin Igie Inyaka 1, M. Alkali 2, Emeodilichi H. Mba 2* and Udofia Udeme Alfred 2 1 National Oil Spill Detection and Response Agency (NOSDRA), Nigeria.

Many quarry sites in Nigeria are located in remote or hard-to-reach areas, which can complicate the transportation of equipment, materials, and finished products. Poor road infrastructure and limited access to reliable logistics networks can increase operational costs and hamper the timely delivery of aggregates to construction sites.

Method: A cross sectional study on the usage of personal protective equipment (PPE) among the quarry workers in Abia and Ebonyi State, South East Nigeria was conducted between May 2019 to June ...

CENTER FOR LAWS OF NIGERIA: FEDERAL LAWS Constitution Federal Laws TreatiesState Laws Court Judgments Court Rules DOWNLOAD OF A COPY OF THIS LAW IS AVAILABLE [N2,000 (PDF)] CLICK HERE FOR […] To access this content, you must purchase one of these plans: Two-Day Membership Plan, Weekly Membership Plan, Monthly …