• Home
  • Privacy Policy
  • Ad Rates
  • Submit News
  • Contact Us
The Eagle Online
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Advert Rates
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Advert Rates
  • Contact Us
No Result
View All Result
The Eagle Online
No Result
View All Result

Fidelity Bank, LBS move to boost foreign exchange earnings

The Eagle Online by The Eagle Online
September 28, 2017
in Business, Economy
3 min read
0
Share on FacebookShare on TwitterWhatsApp

RelatedPosts

Family support accounts for 70% of diaspora remittances to Nigeria — Osinbajo

Why we introduced new policy on remittance inflow — CBN

Fidelity Bank issues largest ticket Tier II local bonds

Fidelity Bank Plc has expressed readiness to support the Federal Government’s non-oil sector diversification drive with an Export Management Programme to boost foreign exchange earnings.
Nnamdi Okonkwo, the bank’s Managing Director, said this while speaking at the EMP Stream Five Initiative at the Lagos Business School.
EMP, launched in 2016, is a sector focused capacity building programme initiative of Fidelity Bank, LBS and the Nigerian Export Promotions Council.
The programme is meant to deliver impactful and world-class export management education to aspiring and existing players in the non-oil export sector of the economy.
Okonkwo represented by Mohammed Balarabe, the bank’s deputy Managing Director, said the bank would aid the country diversification away from oil with the export capacity development platform.
He said the financial institution remained highly committed to aiding the diversification of the country’s monolithic economy, particularly through import substitution and export promotion.
Okonkwo stressed the need to boost non-oil exports and build sustainable non-oil exports capability, which he affirmed was now at the heart of the country’s diversification strategy.
“Exporting not only improves foreign exchange earnings, but countries most successful in exports have stronger links to wealth creation, employment generation and sustainable poverty reduction,” he added.
Okonkwo noted that the EMP was established to fill the big export knowledge gap to enable people understand export processes.
He said: “We finance a lot of micro, small and medium enterprises in Nigeria. A number of these MSMEs have strong export potential.
“It is, therefore a natural fit for us to partner the LBS and the NEPC to make this happen given in particular, recent developments in the global oil markets and the impact they have had on the Nigerian economy.”
Okonkwo added that the bank, through the programme, prepared participants for effective play in the international non-oil export markets in particular and the larger export markets in general.
Okonkwo added that EMP had continued to raise the bar of capacity building in exports in the country, noting that, about 300 participants had graduated from the programme.
He said the bank would work towards getting financial solution to export and as well provide advisory services to develop the non-oil sector.
Dr. Enase Okonedo, the Dean of LBS, said the institution was very keen in preparing managers that would lead socio-economic managers in Africa.
Okonedo, represented by Dr. Uche Uzo, Member LBS Management Board and MBA Director, commended the bank for the timely initiative that would boost export opportunities.
She said the institution was committed to the initiative and would prepare people that would export competitive products within Africa and beyond.
Okonedo said the initiative would offer LBS the opportunity to help in socio-economic development of the country.
She added that the programme would shape the way of doing business in the country and beyond.
Okonedo said the school had received several international accreditations in recognition of the quality of its programmes structured in line with global best practices.
Olusegun Awolowo, the Chief Executive Officer NEPC, lauded the bank for the programme aimed at filling the export processes gap of the country.
Awolowo said export was not all about product, but involvement of value-chains that needed to be filled such as warehousing, haulage, among others.
He charged the participants to identify the needed gap in export business that they could fill for growth and development of the country.
Four streams of the EMP have since been held since 2016, while the fifth stream (EMP 5) are presently undergoing training at the LBS.
Tags: Export Management ProgrammeFidelity Bank PlcNnamdi Okonkwo
Share31Tweet17SendShare7

Related Posts

Yemi Osinbajo

Family support accounts for 70% of diaspora remittances to Nigeria — Osinbajo

March 7, 2021
CBN places all forms of textile, garments on forex restriction list

Why we introduced new policy on remittance inflow — CBN

March 7, 2021
Fidelity Bank to release H1 result

Fidelity Bank issues largest ticket Tier II local bonds

February 15, 2021
Fidelity Bank produces 60 millionaires under financial inclusion initiative

Fidelity Bank launches ‘Pay Yourself’ for salary earners

January 29, 2021
Fidelity Bank donates face masks, hand gloves to health workers in Ogun

Fidelity Bank donates face masks, hand gloves to health workers in Ogun

July 28, 2020
Nnamdi Okonkwo: The reformer at Fidelity Bank, by Jackson Ugbechie

Nnamdi Okonkwo: The reformer at Fidelity Bank, by Jackson Ugbechie

July 15, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.




COVID-19 Update

COVID-19: NCDC announces 80 new cases, total now 164,080

COVID-19: Nigeria has vaccinated over one million — NPHCDA

FG working hard to protect economy from external shocks – Finance Minister

COVID-19: Tokyo Olympics risk outright cancellation

Nurses group tasks Nigerians, health workers on COVID-19 vaccination

Most Read

  • Why we killed, video recorded butchering of six people — Suspect

    Police speak on arrest of Deputy Commissioner of Police supplying arms to kidnappers

    228 shares
    Share 91 Tweet 57
  • Printing of N60b: CBN Governor replies Gov. Obaseki

    158 shares
    Share 63 Tweet 40
  • Gunmen invade bank, hoist Biafra flags in Anambra

    149 shares
    Share 60 Tweet 37
  • EFCC hands over recovered N67.5m to victim in Enugu

    130 shares
    Share 52 Tweet 33
  • IPOB to DSS: We manufacture our arm locally, no plan to attack banks, others

    128 shares
    Share 51 Tweet 32
  • Pastor found dead inside his Abuja church

    106 shares
    Share 42 Tweet 27

Ease Slash

Subscribe to Our Newsletter

Check your inbox or spam folder to confirm your subscription.




https://theeagleonline.com.ng/wp-content/uploads/2020/05/VID-20200510-WA0000.mp4

Chat with us now

Most Commented

  • Gunmen kill policeman  accompanying election results in Ogun

    Gunmen invade bank, hoist Biafra flags in Anambra

    149 shares
    Share 60 Tweet 37
  • Obaseki: FG printed N60b to augment March allocation, debt will be over N16t soon

    138 shares
    Share 55 Tweet 35

Latest

EPL: Wolves set to relegate Sheffield

EPL: Wolves set to relegate Sheffield

April 17, 2021
FA Cup: Mikel, Ndidi set for showdown

Chelsea, Man City square up in FA Cup semis

April 17, 2021
Iheanacho shines as Leicester City beat Zorya Luhansk in Europa League opener

Iheanacho: I never lost belief despite goal drought

April 17, 2021
This is your time for change, by Gabriel Agbo

Lord, change my name (2), by Gabriel Agbo

April 17, 2021
COVID-19: Niger confirms death of Professor, 10 positive out of 202 rested

COVID-19: FCT, eight States report new cases

April 17, 2021




  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
  • Entertainment
  • Advert Rates
  • Contact Us

© 2020 Premium Eagle Media Limited.

No Result
View All Result
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Advert Rates
  • Contact Us

© 2020 Premium Eagle Media Limited.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.