the group Managing Director and Chief Executive Officer, first city monument bank limited, Ladi Balogun, stated that “the decline in commission on turnover COT and remover of ATM inter-bank withdrawal charges was mitigated by the increased numbers of transactions witnessed as we grew our retail base and loan book, which drove not only lending fees, but also other transaction commissions and net revenue from funds”
Category: Money Market
The Managing Director/Chief Executive Officer, NDIC, Umaru Ibrahim, stated this in a keynote address presented at the 2014 bank examiners’ conference held in Lagos.
Emefiele has raised hope of operators of Small and Medium Enterprises SMEs in Nigeria which before largely been viewed from a social development perspective with the goal to reduce poverty through job and wealth creation. This has put the development of the sector squarely in the hands of the government, with mixed results.
Speaking at the event held in Otta, the Executive Director, Lagos and South West Region, FCMB, Mr. Olufemi Bakre, said the initiative is part of it responsibility to promote the financial policy of the central bank of Nigeria CBN’s financial inclusion initiatives in other to reach out to millions of the unbanked and underbanked people with the financial system and also empowering them to become economically viable
The move, according to a statement from the CBN was in line with Emefiele’s vision of entrenching a more professional and people-focused central ban
We commend you for coming forward to provide the market with more information about the exciting developments within your group of companies and also congratulate First Bank for its 120th anniversary and the launch of a new corporate identity,” he added