{"id":47400,"date":"2021-03-11T11:42:00","date_gmt":"2021-03-11T10:42:00","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=47400"},"modified":"2021-03-11T11:42:00","modified_gmt":"2021-03-11T10:42:00","slug":"fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/","title":{"rendered":"Fidelity Bank Reaffirms Support For CBN\u2019s New FX Policy Push, Targets Improved Diaspora Remittance Inflows"},"content":{"rendered":"

Fidelity Bank Plc, a leading Nigerian bank\u00a0has restated its readiness to continually support the Central Bank of Nigeria\u2019s (CBN) efforts to engender sustainable economic development by significantly improving diaspora remittances and foreign exchange (FX) inflows into the country.<\/p>\n

Fidelity Bank CEO, Mrs. Nneka Onyeali-Ikpe who made this known on Saturday at the inaugural edition of the Fidelity Diaspora Webinar Series in Lagos stated that the bank would leverage its robust digital infrastructure, bespoke product offerings and extensive partnership with International Money Transfer Operators (IMTOs) to strengthen remittances inflows.<\/p>\n

While applauding the regulator of the financial services industry for its well-timed interventions in the FX market, Mrs. Onyeali-Ikpe stated the virtual event was part of concerted efforts to deepen engagement with Nigerian citizens\u2019 resident abroad, providing them greater clarity on recent policy measures by the CBN and its attendant implications for diaspora investments.<\/p>\n

\u201cWe are here today to discuss modalities of Diaspora Remittance as well as awareness of investment opportunities in Nigeria. We believe when people are armed with adequate knowledge, they will be able to make informed decisions\u201d, she explained.<\/p>\n

Shedding light on the investment opportunities available in the country such as fixed income securities, private equity prospects in companies, modernized agriculture, urban and infrastructure renewal projects, amongst others, she pointed out that many Nigerians in the Diaspora are taking advantage of the bank\u2019s Diaspora Mortgage product to acquire homes in Nigeria.<\/p>\n

\u201cAs an innovative bank, our digital link on several IMTO sites ensures that Nigerians in diaspora can open both Naira and domiciliary accounts in 10 minutes and remit funds to Nigeria. Our Private Banking team can handhold interested persons for mortgage to avoid scams,\u201d she explained.<\/p>\n

Themed \u2018The New CBN FX Policy and Positive Impact to Diaspora Investments in Nigeria\u2019, the session had in attendance notable professionals including Nigeria\u2019s Vice President, Prof. Yemi Osinbajo; Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, who delivered a keynote address; and the Chairman\/CEO, Nigerians in Diaspora Commission (NIDCOM), Honorable Abike Dabiri-Erewa.<\/p>\n

Other eminent personalities include the Chairman\/President of African Export-Import Bank, Prof. Benedict Okey Oramah; Lead Faculty, Tekedia Institute, Prof. Ndubuisi Ekekwe; renowned Neurosurgeon and Chairman of RNZ Global, Prof. Olawale Sulaiman; founder, and chairman of BEN Television, Alistair Soyode, among others.\u00a0\u00a0Ekweke, Sulaiman and Soyode all participated in the panel session where they shared their wealth of knowledge and experience with attendees.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

On his part, Vice President Osinbajo commended the bank for the webinar session and reaffirmed his confidence in new CBN FX policy. According to him, the policy would aid more investment from Nigerians living abroad.<\/p>\n

The Vice President, who was represented by Executive Secretary\/Chief Executive Officer, Nigerian Investment Promotion Commission (NIPC), Ms. Yewande Sadiku, said, \u201cNigerians in diaspora represent an indomitable force, they are flag bearers of Nigeria\u2019s image, Nigeria entrepreneurial energy and Nigeria\u2019s incredible can-do attitude.<\/p>\n

\u201cFor several years, the remittances from Nigerians in diaspora exceeded Nigeria\u2019s oil revenues, which translated sometimes as high as six per cent of GDP. We are interested in understanding exactly how to translate this potential to investments,\u201d he added.<\/p>\n

In his keynote address, Mr. Emefiele extended his appreciation to the bank for providing a platform to discuss broad issues affecting the CBN\u2019s new FX policy. Emefiele highlighted the benefits of the newly introduced \u201cCBN Naira 4 Dollar Scheme,\u201d an initiative aimed at incentivising senders and recipients of international money transfers.<\/p>\n

The CBN governor explained that the new policy was expected to attract diaspora remittances through the official foreign exchange channels as well as support forex stability in Nigeria.<\/p>\n

Speaking at the webinar, Oramah commended the CBN governor for the reforms taking place regarding diaspora remittances. He suggested ways to boost diaspora participation in the Nigerian economy through specialised funds and accounts that would encourage them to save their long-term funds in Nigeria.<\/p>\n

Lauding Fidelity Bank for the webinar series, Oramah said, \u201cAfricans and Nigerians can consider allowing special diaspora foreign currency accounts with higher interest rates than the US or Europe and with an inbuilt guarantee against potential losses from bank failures and country risks.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Fidelity Bank Plc, a leading Nigerian bank\u00a0has restated its readiness to continually support the Central Bank of Nigeria\u2019s (CBN) efforts to engender sustainable economic development by significantly improving diaspora remittances and foreign exchange (FX) inflows into the country.<\/p>\n","protected":false},"author":6,"featured_media":26790,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[8327],"coauthors":[2391],"class_list":["post-47400","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","tag-cbns-new-fx-policy-push"],"yoast_head":"\nFidelity Bank Reaffirms Support For CBN\u2019s New FX Policy Push, Targets Improved Diaspora Remittance Inflows - National Wire<\/title>\n<meta name=\"description\" content=\"Fidelity Bank Plc, a leading Nigerian bank\u00a0has restated its readiness to continually support the Central Bank of Nigeria\u2019s (CBN) efforts t\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fidelity Bank Reaffirms Support For CBN\u2019s New FX Policy Push, Targets Improved Diaspora Remittance Inflows - National Wire\" \/>\n<meta property=\"og:description\" content=\"Fidelity Bank Plc, a leading Nigerian bank\u00a0has restated its readiness to continually support the Central Bank of Nigeria\u2019s (CBN) efforts t\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-11T10:42:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"834\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg\",\"width\":834,\"height\":563,\"caption\":\"Fidelity bank\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/\",\"name\":\"Fidelity Bank Reaffirms Support For CBN\u2019s New FX Policy Push, Targets Improved Diaspora Remittance Inflows - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/#primaryimage\"},\"datePublished\":\"2021-03-11T10:42:00+00:00\",\"dateModified\":\"2021-03-11T10:42:00+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"Fidelity Bank Plc, a leading Nigerian bank\u00a0has restated its readiness to continually support the Central Bank of Nigeria\u2019s (CBN) efforts t\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fidelity Bank Reaffirms Support For CBN\u2019s New FX Policy Push, Targets Improved Diaspora Remittance Inflows\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fidelity Bank Reaffirms Support For CBN\u2019s New FX Policy Push, Targets Improved Diaspora Remittance Inflows - National Wire","description":"Fidelity Bank Plc, a leading Nigerian bank\u00a0has restated its readiness to continually support the Central Bank of Nigeria\u2019s (CBN) efforts t","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/","og_locale":"en_US","og_type":"article","og_title":"Fidelity Bank Reaffirms Support For CBN\u2019s New FX Policy Push, Targets Improved Diaspora Remittance Inflows - National Wire","og_description":"Fidelity Bank Plc, a leading Nigerian bank\u00a0has restated its readiness to continually support the Central Bank of Nigeria\u2019s (CBN) efforts t","og_url":"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/","og_site_name":"National Wire","article_published_time":"2021-03-11T10:42:00+00:00","og_image":[{"width":834,"height":563,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg","width":834,"height":563,"caption":"Fidelity bank"},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/","name":"Fidelity Bank Reaffirms Support For CBN\u2019s New FX Policy Push, Targets Improved Diaspora Remittance Inflows - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/#primaryimage"},"datePublished":"2021-03-11T10:42:00+00:00","dateModified":"2021-03-11T10:42:00+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"Fidelity Bank Plc, a leading Nigerian bank\u00a0has restated its readiness to continually support the Central Bank of Nigeria\u2019s (CBN) efforts t","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-reaffirms-support-for-cbns-new-fx-policy-push-targets-improved-diaspora-remittance-inflows\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"Fidelity Bank Reaffirms Support For CBN\u2019s New FX Policy Push, Targets Improved Diaspora Remittance Inflows"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/47400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=47400"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/47400\/revisions"}],"predecessor-version":[{"id":47401,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/47400\/revisions\/47401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/26790"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=47400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=47400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=47400"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=47400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}