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VENO NEWS: FIRSTBANK HOSTS THE FINANCIAL MARKET DEALERS ASSOCIATION (FMDA) QUARTERLY MEETING
Date: 09-09-22

First Bank of Nigeria Limited has announced that it will host the Financial Markets Dealers Associationâ€™s (FMDA) quarterly meeting scheduled for 5pm on Friday, 16 September 2022, at Federal Palace Hotels, Victoria Island, Lagos. The event themed â€œNigeria Macroeconomic Developments and Outlook: IMF Viewâ€ will have its keynote address delivered by Ari Aisen, IMF Resident Representative for Nigeria.

In a statement issued by the Acting Executive Secretary, Mrs. Mary Gbegbaje, â€œThe 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.â€

According to Ini Ebong, Executive Director, Treasury, Financial Institutions & International Banking, First Bank of Nigeria Limited â€œat FirstBank, we are delighted to host the 2022 quarterly meeting of the Financial Markets Dealers Association of Nigeria (FMDA), 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 â€“ FMDA â€“ as with the right regulatory and risk management framework, we have been able to impact and promote fairness in the activities of members, whilst providing the enabling environment to promote business performance and positively impact the national economyâ€™â€™.

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 economyâ€, he concluded.

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.

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