• Privacy Policy
  • Terms
  • About us
  • Contact Us
Monday, February 6, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Osinbajo inaugurates Bankers’ House

Bankers

The Matters Press by The Matters Press
March 3, 2022
Reading Time: 2 mins read
0
Osinbajo advises world leaders to consider the poor in addressing economy, health issues

Vice-President Yemi Osinbajo has hailed the professional conduct of Chartered Institute of Bankers of Nigeria (CIBN), saying that this has helped the resilience and continued growth of the banking industry in Nigeria.

RELATED POSTS

NECA fears further crashing of fragile economy

Ministry, ICRC in talks to revitalise FG’s properties abroad

FCT residents allege banks’ hoarding, selling of banknotes

Speaking at the inauguration of Bankers’ House in Abuja on Thursday, Osinbajo noted that the banking industry contributed about N34.6 trillion to the country’s Gross Domestic Product (GDP) in 2017.

The vice-president added that the industry also contributed N37.8 trillion in 2018, N42.7 trillion in 2019 and N53.3 trillion in 2020.

He added that the strict adherence to professional and ethical conduct by CIBN had also helped to guide the evolution of the banking industry, which had grown to become the envy of the African continent.

ALSO READ  Saudi-Arabia seeks support of ECOWAS on World EXPO 2030 bid

Osinbajo said that government would do everything possible to support the private sector, as the drivers of the nation’s economy.

“We understand that the realisation of our country’s potential at this crucial moment will require the careful choreography of government policies that would remove every impediment in the way of those determined to pursue their dreams and build their businesses.

“This is why in the past six years, we have aggressively pursued, under the Presidential Enabling Business Environment Council (PEBEC), the creation of an environment that allows Nigerian businesses to operate at every level without any bottleneck.

“CIBN has remained, through thick and thin, a professional organisation that believes completely in the strength, potential and future of the Nigerian economy,’’ Osinbajo said.

ALSO READ  Stakeholders laud approval of $2.59bn Badagry Deep Seaport project

In his address, President/Chairman of CIBN, Dr Bayo Olugbemi, said that the building would house the institute’s office and the secretariat of Alliance of African Institute of Bankers (AAIOB).

Olugbemi said that CIBN, as the conscience of the banking industry, had continued to foster the observance of ethics and professionalism among practitioners.

“We will not leave any stone unturned toward ensuring that all banks and bankers imbibe and abide by the ethical standards of the profession.

“The protection of consumers of banking products and services is very important to us, and this we promise to keep in focus continually.

“We have worked very closely with Central Bank of Nigeria (CBN) and the Bankers’ Committee on the implementation of the Competency Framework in ensuring that fit and proper persons occupy various positions in the banking industry,’’ he said.

ALSO READ  Association calls for collaboration to harness mining potential

Chairman, Bankers’ House, Abuja Implementation Committee, Mr Tony Elumelu, said that the inauguration of the building was a `dream come true’.

Elumelu, represented by Mr Emmanuel Nnorom, Chief Executive Officer, Heirs Holdings, paid N25 million for a space in the building to accommodate a branch of United Bank for Africa (UBA).

Group Chief Executive Officer, Nigerian Exchange Group Plc, Mr Oscar Onyema, said that his organisation would continue to collaborate with CIBN to improve the financial system in the country.

Tags: Bankers
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

NECA on how to address Nigeria’s economic challenges
Economy/Technology

NECA fears further crashing of fragile economy

February 6, 2023
Nigeria moves to review ICRC Act
Economy/Technology

Ministry, ICRC in talks to revitalise FG’s properties abroad

February 6, 2023
Experts validate Nigeria’s implementation strategies for success under AfCFTA
Economy/Technology

FCT residents allege banks’ hoarding, selling of banknotes

February 6, 2023
New Naira notes unavailable even as CBN campaigns for acceptance
Economy/Technology

Entrepreneurs count losses over scarcity of new Naira notes

February 6, 2023
Bids roll in for Ajaokuta Steel Company
Economy/Technology

Cash crunch crashes food prices

February 6, 2023
A transformed fertilizer market is needed in response to the food crisis in Africa
Economy/Technology

Foundation ready to sustain gains of PBR cowpea

February 6, 2023
Next Post
WTO postpones conference due to pandemic travel restrictions

Negotiation skills way out of poverty - ex WTO official

Trading in Nigerian stock market dips further N83bn

NGX Group records N6.8bn gross earnings in 2021

Leave a Reply Cancel reply

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

Recommended Stories

Pace of work on Lekki Deep Seaport excites minister

Calabar Port complex receives 72 vessels within 5 months

July 2, 2022
Economist predicts danger for Africa’s economic growth

Economist predicts danger for Africa’s economic growth

December 4, 2018
Jaiz Bank expands with new branches

Real reasons for Naira change

November 10, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • NECA fears further crashing of fragile economy
  • Ministry, ICRC in talks to revitalise FG’s properties abroad
  • FCT residents allege banks’ hoarding, selling of banknotes

Categories

  • Economy/Technology
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?