Citibank Nigeria Limited has commemorated its 40th anniversary, celebrating its long-standing presence and impact in the country’s financial sector....Read Full Article >>➤
In a statement released on Sunday, the bank reflected on its transformation from its origins as Nigeria International Bank Limited to becoming a prominent player in Nigeria’s banking industry.
The Chairman of the Board of Directors, Shamsuddeen Usman, noted the bank’s steady growth over the years. “Citi has grown steadily, adapting to the evolving needs of its clients, embracing digital transformation, and expanding its services to meet the demands of a dynamic world,” he said.
Ebru Pakcan, Citi’s Head of the Middle East and Africa, emphasized Nigeria’s importance to the bank’s operations. She described the country as a critical market, brimming with potential and investment opportunities.
“Nigeria is a key market to watch, with enormous potential and an exciting investment proposition.
For Citi, helping our clients navigate challenges and seize opportunities in a rapidly changing world is at the core of our mission to enable growth and economic progress,” Pakcan stated.
She highlighted the bank’s resilience over four decades, noting its ability to adapt to economic shifts, technological innovations, and global challenges.
The statement also highlighted Citibank’s pioneering role in Nigeria’s banking sector, introducing innovations like electronic banking, real-time online banking, and payment modernization tools.
As the bank looks ahead, it reaffirmed its commitment to driving growth and economic development in Nigeria through innovation and technological advancement.
In the fourth quarter of 2023, Citibank Nigeria, along with Stanbic IBTC Bank and Rand Merchant Bank, led efforts to facilitate $1.09 billion in capital importation into the country.
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