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Chike-Obi emerges Fidelity Bank Chairman as Ebi retires

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Fidelity Bank Plc. has announced the appointment of Mr Mustafa Chike-Obi as the Chairman of the bank.

Chike-Obi, who is currently Executive Vice Chairman at Alpha African Advisory, has over 40 years of experience in investment banking and the financial services sector.

In a statement in Lagos, Fidelity Bank said that Chike-Obi’s appointment followed retirement of Mr Ernest Ebi as its Chairman, Board of Directors.

It noted that Ebi and Mr Seni Adetu, who had been serving as Chairman and Independent Non-Executive Director respectively, had successfully completed their tenure in accordance with the bank’s internal governance policy.

The bank said that they would be stepping down from the board.

It said that it recorded significant growth across key financial metrics under the leadership of Ebi and Adetu.

“The bank’s market share position has also been materially strengthened,” it said.

According to the bank, prior to joining Alpha African Advisory, Chike-Obi
was the inaugural Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON).

Fidelity Bank added that Chike-Obi was the Founding President at Madison Advisors, a financial services advisory and consulting firm in New Jersey, U.S., specialising in hedge funds and private equity investment advice.

He holds a bachelor’s degree in Mathematics from the University of Lagos (First Class Honours) and a master’s degree in Business Administration from Stanford University Graduate School of Business, the bank said.

According to the bank, Ebi will continue in the role until Chike-Obi assumes office to ensure smooth and successful transition.

It said that the changes attested to the bank’s high governance standards and best practices.

The bank quoted Ebi as expressing satisfaction with the results achieved by the bank during his tenure.

‘I feel that the management team has consolidated on our plans to become one of the fastest-growing banks in the country strongly rooted in technology only comparable with the best in the world.

“I am confident that my successor will continue on that path to take the bank to its next stage of growth and advancement.

“I wish my successor, the management team and the entire staff of Fidelity Bank the very best for continued success,” Fidelity Bank quoted the outgoing chairman as saying.

It added that its Managing Director, Mr Nnamdi Okonkwo, hailed the contributions of the outgoing board members.

It quoted Okonkwo as saying that it benefitted immensely from their experiences and was looking forward to continuing the bank’s upward growth trajectory with Chike-Obi.

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Exchange Rate

Dollar to naira exchange rate today 24 January 2022

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dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 24 January 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.53 and sold at ₦415.53, making an average of  ₦415.03 for $1 on Friday January 21.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦414.76 on Friday January 20, and closed at ₦416.00 on Friday January 21. This amount to 0.05 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦142.42m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Monday January 24, 2022 opened at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

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Exchange Rate

Dollar to naira exchange rate today January 2022

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dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 21 January 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.45 and sold at ₦415.45, making an average of  ₦414.95 for $1 on Thursday January 20.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.42 on Thursday January 20, and closed at ₦416.33 on Thursday January 20. This amount to 0.07 per cent increase for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦90.42m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Friday January 21, 2022 opened at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Continue Reading

Exchange Rate

Dollar to naira exchange rate today 20 January 2022

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By

dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 20 January 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.3 and sold at ₦415.3, making an average of  ₦414.8 for $1 on Thursday January 20.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.24 on Tuesday January 18, and closed at ₦416.33 on Monday January 17. This amount to () per cent increase for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦124.57m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Thursday January 20, 2022 opened at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Continue Reading

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