Citibank Nigeria Limited (Citi) has announced that it has successfully met the Central Bank of Nigeria’s (CBN) new N200 billion minimum capital requirement for national commercial banks, underscoring its long-term commitment to Nigeria’s economic transformation and financial stability.
The move places Citi among the first international banks in Nigeria to fully comply with the CBN’s recapitalisation directive ahead of schedule. It also reinforces the institution’s strategic commitment to deepening its footprint in Africa’s largest economy through expanded financing in key growth sectors.
Speaking on the development, Managing Director and Chief Executive Officer of Citibank Nigeria Limited, Mrs. Nneka Enwereji, described the milestone as both an affirmation of confidence in the Nigerian economy and a demonstration of Citi’s enduring partnership with the country.