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Fidelity Bank Sensitizes Customers on Emerging Opportunities in non-Oil Exports and CBN RT200 FX Policy

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Fidelity Bank Sensitizes Customers on Emerging Opportunities in non-Oil Exports and CBN RT200 FX Policy

Fidelity Bank Sensitizes Customers on Emerging Opportunities in non-Oil Exports and CBN RT200 FX Policy

 

 

 

 

 

 

 

 

The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop for exporters and investors in Akure, Ondo State.

 

 

 

Fidelity Bank Sensitizes Customers on Emerging Opportunities in non-Oil Exports and CBN RT200 FX Policy

 

 

 

 

 

 

Hosted by leading financial institution, Fidelity Bank Plc, the workshop tagged, Harnessing Export Business Opportunities, CBN RT200 FX Policy: Policy Sensitisation, Emerging Sector Issues & Implications to Business, had in attendance representatives from key stakeholders in the Nigerian financial services and export industries. Also in attendance were representatives from the Nigerian Export and Import Bank (NEXIM), the Cocoa Exporters Association of Nigeria, the Nigerian Export Promotion Council (NEPC) amongst others.

 

 

 

 

 

 

 

 

 

Speaking on the need for strategic planning in the non-oil sector, Head of Export and Agric Businesses at Fidelity Bank, Isaiah Ndukwe said the bank is well positioned to advance the CBN policy thrust to reduce the country’s dependence on oil revenue.

 

 

 

 

 

 

He stated that the bank is committed to growing the export business across key sectors of the economy by providing support to exporters. Isaiah emphasized that the new policy will not only reshape exporters’ mindsets, but will also infuse value addition on their commodities, allowing them to earn more forex.

 

 

 

 

 

 

 

 

 

 

 

Launched on February 10, 2022 by the apex bank as part of measures to reduce the increasing demand for foreign currency by importers, the RT200 FX Programme has been designed to reduce the excessive pressure on the exchange rate.

 

 

 

 

 

 

 

 

 

 

With the implementation of this policy, the CBN has stated that the supply of foreign currency to commercial banks will cease by the end of 2022, while investors will be able to generate forex through the RT200 FX Program template that has been designed to strengthen commodity exports.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commending Fidelity Bank on the sensitization series, an attendee at the event and cocoa farmer, Babatunde Fatimiro said, “In Ondo State today, cocoa has a dedicated agency; this is unprecedented in Nigeria. If you consider the potentials and inclusive advantage as well as economic impact of cocoa production to the Nigerian economy, I have no doubt that cocoa will one day overtake crude oil in terms of economic importance in Nigeria. It is initiatives like this workshop hosted by Fidelity Bank that would help us actualize this quickly and I encourage them not to rest on their oars as they drive to help diversify the economy”.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It would be recalled that Fidelity Bank hosted the first edition of the workshop in Kano State on 21 February 2022 to sensitise entrepreneurs in the region on the implementation and opportunities in the CBN RT200 FX Policy.

 

 

 

 

 

 

 

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 6million customers who are serviced across its 250 business offices and digital banking channels.

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Dr. Ifeoma Eze: The Connection That Transforms Lives

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Dr. Ifeoma Eze: The Connection That Transforms Lives

Dr. Ifeoma Eze: The Connection That Transforms Lives

Dr. Ifeoma Eze isn’t just a preacher; she is a voice that awakens purpose, a mentor who nurtures potential, and a guide leading people back to the true source of value—God. With warmth, wisdom, and an undeniable passion for transformation, she delivers a simple yet powerful message: your worth isn’t defined by what you have, but by who you are connected to.

Dr. Ifeoma Eze: The Connection That Transforms Lives

In her inspiring book, Becoming A Person of Exceptional Value, Dr. Eze drives home a truth that is often overlooked: no one can truly thrive in life without being plugged into the ultimate source—God. “We are not just physical beings trying to have a spiritual experience,” she says with conviction. “We are spiritual beings navigating a human journey.”

She takes readers back to the very beginning—Genesis 1:28—where God gave humanity a clear mandate: be fruitful, multiply, replenish the earth, subdue it, and have dominion. “This isn’t just about surviving,” she explains. “It’s about thriving, creating impact, and living a life that truly matters.”

But what happens when people try to go through life disconnected from their source? Dr. Ifeoma paints a vivid picture: “Imagine a strong, well-built water pipe. It looks good, but if it’s not connected to a water supply, it serves no purpose. That’s exactly what happens when we try to succeed without God—we may look promising, but we’ll never truly function as we were meant to.”

She also draws lessons from Jesus’ encounter with the barren fig tree. “Jesus wasn’t upset with the tree for simply existing,” she explains. “He was upset because it gave the appearance of having fruit but had nothing to show for it. And that’s how many people are today—outwardly successful but inwardly empty.”

Dr. Ifeoma Eze’s message is more than just words—it’s a heartfelt call to action. She speaks with the authority of someone who has walked this path, someone who has experienced firsthand what it means to be transformed by divine connection. Her sermons are not just lessons; they are life-changing encounters, filled with energy, encouragement, and practical wisdom.

Through Becoming A Person of Exceptional Value, she challenges people to reconnect with God, to recognize their true worth, and to step boldly into their calling. “You weren’t created to struggle in mediocrity,” she affirms. “You were made to shine, to build, to replenish, and to lead. But first, you must be connected to the One who gives all value.”

Dr. Ifeoma Eze isn’t just teaching people how to live; she’s showing them how to truly thrive. And in a world where so many are searching for meaning, her message couldn’t be more timely.

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Ramadan Delight: Enjoy Flexible Payments, Huge Discounts & Exclusive Gifts with Adron Homes

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Ramadan Delight: Enjoy Flexible Payments, Huge Discounts & Exclusive Gifts with Adron Homes

 

In the spirit of Ramadan, Adron Homes and Properties is spreading joy and making homeownership more accessible with its “Ramadan Delight” promo. This special initiative offers incredible rewards and discounts, reflecting the company’s commitment to providing affordable housing solutions while embracing the essence of generosity during this sacred month.

As part of the promo, customers can enjoy up to 30% discount off land prices and the convenience of spreading payments for up to 24 months with flexible, zero-interest installment options. This incredible offer allows aspiring homeowners to invest in premium estates without financial strain, making their homeownership dreams a reality.

To make the season even more rewarding, Adron Homes is gifting subscribers valuable items, ensuring they experience the true delight of Ramadan. Customers who take advantage of this special offer will receive exciting gifts, including provision packs, provision hampers, standing fans, fruit baskets, microwaves, smart TVs, refrigerators, and many more luxurious rewards. Additionally, essential food items such as bags of rice, cartons of noodles, gallons of cooking oil, and Ramadan hampers will be shared, along with prayer mats and Qur’ans to support spiritual reflection.

Adron Homes estates are; in Lekki-Epe, Badagry, Shimawa, Ibadan, Abeokuta, Ede Osun, Osunjele, Ilisan, Jos, Sagamu, Ado Ekiti, Atan Ota, Ikorodu, Papalanto, Ijebu Ode, Abuja, Nasarawa, Niger, and more. With strategically located estates and a commitment to excellence, the company ensures that clients have access to premium and affordable properties in fast-growing areas.

Beyond offering attractive property deals, Adron Homes is reinforcing its commitment to corporate social responsibility by giving back to communities, mosques, and underprivileged individuals. The company has embarked on a charitable drive, donating food items and relief materials to support those in need, embodying the true essence of Ramadan’s spirit of generosity and kindness.

With the “Ramadan Delight” promo, Adron Homes continues to redefine real estate accessibility while celebrating the beauty of giving. Now is the perfect time for individuals and families to take advantage of this remarkable opportunity to own a home while enjoying heartfelt rewards.

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FIRSTBANK FILES APPEAL

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FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up to a maximum tenor of 48 months.

-INJUNCTION AND STAY OF EXECUTIONC

-ARGO REMAINS UNDER ARREST

 

In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of debt recovery. This is quite surprising considering the fact that the order sought is to prevent further fraudulent sale of crude on the FPSO.

 

Shockingly, the court also held that the Arrest Order against the cargo, because it was exparte in nature, expired by effluxion of time within 14 days of its issuance.

 

Aggrieved by the decision, FirstBank lodged an appeal against the decision of the FHC. Also, FirstBank filed an application for an injunction of the court against GHL, pending the determination of the appeal. The Cargoes of Crude Oil on the FPSO TAMARA TOKONI remain arrested.

 

While FirstBank has great respect for the courts, it strongly disagrees with the ruling, which, in our view, constitutes a miscarriage of justice.

 

FirstBank remains committed to protecting and securing the interest of its members and will relentlessly pursue justice against mischievous debtors seeking to use the machinery of the law to perpetuate mischief and evade their responsibility to offset outstanding obligations.

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