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Monetary Establishments Gross sales Head at Citibank

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Citi has been doing enterprise in Nigeria since 1984. The financial institution previously operated below the title Nigeria Worldwide Financial institution Restricted, however was renamed to Citibank Nigeria Restricted (Citi Nigeria) in 2008 to completely align with Citi’s international model and id.

The financial institution has a strategic enterprise focus in Nigeria specializing primarily in Company Banking and servicing largely company purchasers. Citi Nigeria provides a broad vary of providers, together with international transaction providers, sales and buying and selling, corporate finance and investment banking providers to company and industrial prospects, monetary establishments (together with different banks) and public sector organizations.

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Throughout the trade, Citi is understood for its innovation because it has efficiently leveraged its international community and in depth data base to supply its Nigerian purchasers progressive services.

Companies

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The financial institution provides a broad vary of providers, together with transaction providers, sales and buying and selling, corporate finance and investment banking providers to company and industrial prospects, monetary establishments (together with different banks) and public sector organizations.

In August 2008, Citi launched its Direct Custody and Clearing Providers in Nigeria, the 53rd market on its proprietary community – the most important on this planet. The DCC enterprise will facilitate enterprise transactions for purchasers and traders trying to do enterprise in Nigeria.

With 12 branches throughout the nation, Citi Nigeria continues to develop progressive services for its prospects in and round strategic areas.

Sustainability

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At Citi Nigeria, we’re dedicated to the wants of the communities by which we function. By driving sustainability via company citizenship, we have now developed an Environmental and Social Danger Administration (ESRM) Coverage, which incorporates categorization necessities, environmental due diligence, elevated evaluate and approval necessities for the next transaction varieties:

company and authorities loans
venture finance
fairness transactions
acquisition finance
letters of credit score
bid and efficiency bonds
venture finance advisory mandates
In 2003, Citi was pivotal to the event of the worldwide Equator ideas. These requirements function a voluntary set of pointers for managing environmental and social risk points. They’re utilized for the funding of improvement applications corresponding to venture financing and advisory with capital prices of over US$10 million.

It is very important state that these ideas have been vetted by the World Financial institution and the Worldwide Finance Company (IFC). Equally, Citi has carried out pointers to handle dangers in company loans, debt securities and underwritings better than US$50 million the place use of proceeds is understood.

Company Social Duty

Citi Nigeria may be very energetic in community actions in Nigeria. As a part of the Citigroup household, the financial institution, via its international charitable arm, Citi Basis, helps varied non-government organizations (NGOs) in Nigeria.

The Citi Basis is dedicated to enhancing financial alternatives for underserved people and households within the communities the place we work all through the world. Globally, the Citi Basis is focusing its giving on microfinance and micro entrepreneurship, which helps people develop into economically self-sufficient; small and rising companies resulting in financial enlargement and job creation; education, which prepares younger individuals for private {and professional} success; monetary education, which helps people make knowledgeable monetary selections; and the atmosphere with a deal with sustainable enterprises that generate jobs and stimulate financial progress whereas preserving the atmosphere.

In 2013, persevering with Citi’s long-standing custom of supporting native communities by which we do enterprise, Citibank Nigeria Restricted’s Board of Administrators authorised charitable donations of over $95,000 to greater than 30 charitable organizations throughout Nigeria.

In 2012, Citi Nigeria and Citi Basis disbursed grants of greater than $320,000 (USD) to Nigerian NGOs to assist applications corresponding to micro entrepreneurship, monetary education, and youth education. The recipients of the grants embody Junior Achievement Nigeria, LEAP Africa, Destiny Basis, Hope Worldwide Nigeria and Rising Companies Basis.

In 2011, consistent with the strategic initiatives of the Central Financial institution of Nigeria and the financial improvement targets of the Federal Authorities, Citi launched the Citi Microenterprise Growth for Rural Farmers Initiative (CMDRFI). This system started with a pilot in Gabasawa LGA, Kano the place over 100 farmers have been chosen and took part in monetary literacy applications after which they have been supplied low curiosity loans to assist and develop their farming companies.

Yearly, the financial institution holds its International Neighborhood Day actions. All workers of the financial institution (globally) are inspired to volunteer and do community work on the day. Greater than 500 individuals participated in final 12 months’s international community day actions in Lagos, Abuja and Port-Harcourt.

Native Department Enlargement

Citibank Nigeria has 12 direct branches and greater than 1,500 companion financial institution areas strategically located throughout the nation, enabling proximity to our purchasers, and permitting us to be conscious of their wants. Additionally, via Citi’s progressive digital banking platform, CitiDirect®, our purchasers are capable of transact enterprise with us at any time of the day, even from the consolation of their workplaces.
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