Banking Sector

First Bank of Nigeria to Host, IMF, Financial Markets Dealers Association in September

First Bank of Nigeria Limited will host the Financial Markets Dealers Association’s (FMDA) quarterly meeting in Lagos

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In September, the First Bank of Nigeria Limited will host the Financial Markets Dealers Association’s (FMDA) quarterly meeting in Lagos.

The leading financial services provider said in a statement made available on Monday. The event themed, ‘Nigeria macroeconomic developments and outlook: IMF view’, would have its keynote address delivered by Ari Aisen, the  IMF Resident Representative for Nigeria.

Commenting on the event, Ini Ebong, the Executive Director, Treasury, Financial Institutions & International Banking, First Bank of Nigeria Limited, said “At FirstBank, we are delighted to host the 2022 quarterly meeting of the Financial Markets Dealers Association of Nigeria, a platform we consider pivotal to the continued growth of the financial market in the country.

“We are excited with the successes so far achieved by our noble association, FMDA, as with the right regulatory and risk management framework, we have been able to impact and promote fairness in the activities of members, while providing the enabling environment to promote business performance and positively impact the national economy.

“With the knowledge and insights shared in the course of the quarterly meeting, we would further deepen our resolve towards the unrelenting role we play in the economy.”

On her part, the Acting Executive Secretary, Mrs. Mary Gbegbaje, FMDA said, “The FMDA quarterly meeting serves as a platform for in-depth knowledge sharing, dissemination of information and fostering of business relationships of members in treasury market practice which consists of treasurers, analysts and other market players from insurance, pension funds, government and regulatory bodies in Nigeria.

“Participants at the event include delegates from all banks and invited guest and customers.”

FMDA is the principal interface with the monetary authorities through policy advocacy and engagement aimed at promoting sound markets and ethical conducts comparable to international standards that facilitate liquidity, transparency and price discovery and engendering market deepening, the statement said.

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