Zenith hosts FMDA quarterly meeting

&NewLine;<p class&equals;"wp-block-paragraph">Zenith&NewLine;Bank Plc&comma; a leading commercial bank on the Africa Continent has accepted to&NewLine;host Financial Markets Dealers Association &lpar;FMDA&rpar; quarterly general meeting in&NewLine;Lagos&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">FMDA&NewLine;is an Association of licensed Deposit Money Banks &lpar;DMBs&rpar; operating within the&NewLine;Nigerian Financial Market&comma; playing an important role as &nbsp&semi;the principal&NewLine;interface with the monetary authorities through policy advocacy and engagement&NewLine;aimed at promoting sound market&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">In a&NewLine;statement signed by &nbsp&semi;FMDA acting&NewLine;executive secretary&comma; Mrs&period; Mary Gbegbaje and made available to OpenLife&comma; &nbsp&semi;the event is &nbsp&semi;slated for Thursday&comma; June 20 at the Lagos&NewLine;Oriental Hotel&comma; Victoria Island&comma; Lagos by 3&colon;00pm in line with the association’s&NewLine;&nbsp&semi;collaborating strategy &nbsp&semi;with key stakeholders to create awareness on&NewLine;financial markets products&comma; provide technical advice and create networking&NewLine;opportunities for members&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">While&NewLine;Zenith Bank Group Managing Director&sol;CEO&comma; &nbsp&semi;Ebenezer Onyeagwu will give a welcome address&NewLine;and &nbsp&semi;Director&comma; Agusto &amp&semi; Co&comma; Olabode&NewLine;Agusto &nbsp&semi;speaking on the theme&colon;&NewLine;Post-Inauguration Economic Outlook&comma; &nbsp&semi;FMDA&NewLine;President&comma; Samuel Ocheho&nbsp&semi; will discuss key market development issues at&NewLine;the event&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&OpenCurlyDoubleQuote;The meeting provides a veritable avenue for the exchange of ideas&comma; dissemination of information and fostering of business relationships among Treasurers&comma; market players and their institutions&period; It will also be an opportunity to introduce new dealers into the market and familiarize them with operations of FMDA&comma;” the statement said&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Just&NewLine;recently&comma; Zenith Bank Plc released its unaudited first quarter&NewLine;results for the period ended March 31&comma; 2019 indicating an impressive growth in&NewLine;income by 4&period;9&percnt; to N122&period;48bn <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Profit Before Tax grew by 6&period;1&percnt;&NewLine;to N57&period;29bn and Profit After Tax grew by 6&period;7&percnt; to N50&period;23bn with &nbsp&semi;Net Assets growing by 6&period;2&percnt; to N780&period;89bn<&sol;p>&NewLine;