Day: June 4, 2018

Fidelity Bank MD assures stakeholders on increased returns

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  Mr. Nnamdi Okonkwo, Managing Director/Chief Executive, Fidelity Bank, has assured shareholders that the bank will capitalize on growth opportunities in the Nigerian economy, to deliver better returns in 2018. Speaking at the bank’s 30th Annual General Meeting, AGM, in Lagos, Okonkwo said the bank would continue to focus on redesigning its systems and processes to enhance service delivery, just as it will deepen cost optimization initiatives to reduce operating expenses and cost-to-service. While shedding light on the evolving dynamics in the financial services industry, Okonkwo noted that the bank…

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Police invite Saraki, Kwara governor for questioning over Offa bank robbery

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President of the Senate, Dr. Bukola Saraki and Kwara state governor, Abdulfatah Ahmed, were yesterday invited by the Police Force headquarters in Abuja to answer questions rela noting to what the Police referred to as allegations indicting them from confessions of five gang leaders arrested for participation in the April 5 Offa bank robberies and killings of 33 innocent persons. The Police said the five gang leaders in the Offa bank robbery which left a bloody trail, that claimed the lives of nine (9) police officers, volunteered statements that they…

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Economy experiences remarkable improvement since introduction of Import & Export Forex Window -FirstBank CEO

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Mr. Adesola Adeduntan, the Chief Executive Officer, First Bank of Nigeria Limited, has said that since the introduction of the Importers’ and Exporters’ (I and E) foreign exchange (FX) window, the economy has witnessed remarkable improvement in FX inflows and an upsurge in capital importation. This, he said has also strengthened the Central Bank of Nigeria (CBN) capacity to maintain naira exchange stability. Adeduntan, who disclosed this in Lagos at the Financial Times Nigeria Summit tagged: “Dispelling Uncertainty and Building Resilience,” stated that in the last one year, I&E FX window has played an instrumental role in stabilising…

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