Union Bank Plc played host to members of the Financial Markets Dealers Association (FMDA) who gathered in Lagos for their quarterly meeting.
According to a press statement that was sent to Nairametrics, the meeting served as an opportunity for treasurers of Money Deposit Banks (MDBs), market players, and their institutions to exchange ideas, share information, and deepen business relationships for the development of the financial markets.
Union Bank’s Head of Corporate Banking and Treasury, Mr Emeka Okonkwo, who addressed the participants on behalf of Union Bank’s CEO, also used the occasion to highlight the key role of the FMDA towards advancing the development of the financial markets and the Nigerian economy.
He also gave a forecast of the economy in 2019, stating that a number of local and global trends will influence the economy. It is, therefore, the responsibility of FMDA to provide insight into how these local and global events will affect the market.
“This year, we expect the economy to be influenced by a number of trends on the global and local scenes. Therefore, a key element of our success as individual organisations and also at the macroeconomic level, is insight into the potential impact of these trends on the financial markets and economy.”
A number of dignitaries were also present at the meeting, including Lagos State Governor-Elect, Mr Babajide Sanwo-Olu, who was represented, as well as the President Of the Chartered Institute of Bankers of Nigeria (CIBN), Dr Uche Olowu.
The meeting also featured an informative presentation by Economist, Dr Doyin Salami on the topic ‘Navigating the Next Level for the Economy and Markets’. Dr. Salami shared insights into the 2019 economic outlook, to assist market players and Union Bank customers as they position themselves for the year.
Union Bank remains focused on repositioning itself as a strong player in the Nigerian banking sector – A simpler, smarter Bank.