AddressCharles S. Sankey House 27 Kofo Aabayomi Street, Victoria Island, Lagos
About CITIBANK
Citi has been doing business in Nigeria since 1984. The bank formerly operated under the name Nigeria International Bank Limited, but was renamed to Citibank Nigeria Limited (Citi Nigeria) in 2008 to fully align with Citi's global brand and identity.
The bank has a strategic business focus in Nig... read moreeria specializing mainly in Corporate Banking and servicing mostly corporate clients. Citi Nigeria offers a broad range of services, including global transaction services, sales and trading, corporate finance and investment banking services to corporate and commercial customers, financial institutions (including other banks) and public sector organizations.
Within the industry, Citi is known for its innovation as it has successfully leveraged its global network and extensive knowledge base to offer its Nigerian clients innovative products and services.
Businesses
The bank offers a broad range of services, including transaction services, sales and trading, corporate finance and investment banking services to corporate and commercial customers, financial institutions (including other banks) and public sector organizations.
In August 2008, Citi launched its Direct Custody and Clearing Services in Nigeria, the 53rd market on its proprietary network - the largest in the world. The DCC business will facilitate business transactions for clients and investors looking to do business in Nigeria.
With 12 branches across the country, Citi Nigeria continues to develop innovative products and services for its customers in and around strategic locations.
Sustainability
At Citi Nigeria, we are committed to the needs of the communities in which we operate. By driving sustainability through corporate citizenship, we have developed an Environmental and Social Risk Management (ESRM) Policy, which includes categorization requirements, environmental due diligence, elevated review and approval requirements for the following transaction types:
corporate and government loans
project finance
equity transactions
acquisition finance
letters of credit
bid and performance bonds
project finance advisory mandates
In 2003, Citi was pivotal to the development of the global Equator principles. These standards serve as a voluntary set of guidelines for managing environmental and social risk issues. They are utilized for the funding of development programs such as project financing and advisory with capital costs of over US$10 million.
It is important to state that these principles have been vetted by the World Bank and the International Finance Corporation (IFC). Similarly, Citi has implemented guidelines to manage risks in corporate loans, debt securities and underwritings greater than US$50 million where use of proceeds is known.
Corporate Social Responsibility
Citi Nigeria is very active in community activities in Nigeria. As part of the Citigroup family, the bank, through its global charitable arm, Citi Foundation, supports various non-government organizations (NGOs) in Nigeria.
The Citi Foundation is committed to enhancing economic opportunities for underserved individuals and families in the communities where we work throughout the world. Globally, the Citi Foundation is focusing its giving on microfinance and micro entrepreneurship, which helps individuals become economically self-sufficient; small and growing businesses leading to economic expansion and job creation; education, which prepares young people for personal and professional success; financial education, which helps individuals make informed financial decisions; and the environment with a focus on sustainable enterprises that generate jobs and stimulate economic growth while preserving the environment.
In 2013, continuing Citi's long-standing tradition of supporting local communities in which we do business, Citibank Nigeria Limited's Board of Directors approved charitable donations of over $95,000 to more than 30 charitable organizations across Nigeria.
In 2012, Citi Nigeria and Citi Foundation disbursed grants of more than $320,000 (USD) to Nigerian NGOs to support programs such as micro entrepreneurship, financial education, and youth education. The recipients of the grants include Junior Achievement Nigeria, LEAP Africa, Fate Foundation, Hope Worldwide Nigeria and Growing Businesses Foundation.
In 2011, in line with the strategic initiatives of the Central Bank of Nigeria and the economic development goals of the Federal Government, Citi launched the Citi Microenterprise Development for Rural Farmers Initiative (CMDRFI). The program began with a pilot in Gabasawa LGA, Kano where over 100 farmers were selected and participated in financial literacy programs after which they were provided low interest loans to support and grow their farming businesses.
Annually, the bank holds its Global Community Day activities. All staff of the bank (globally) are encouraged to volunteer and do community work on the day. More than 500 people participated in last year's global community day activities in Lagos, Abuja and Port-Harcourt.
Local Branch Expansion
Citibank Nigeria has 12 direct branches and more than 1,500 partner bank locations strategically situated across the country, enabling proximity to our clients, and allowing us to be responsive to their needs. Also, through Citi's innovative electronic banking platform, CitiDirect®, our clients are able to transact business with us at any time of the day, even from the comfort of their offices.
Job descriptionCiti, a leading global finance company, is looking for young, bright and intelligent undergraduates to join its 2017 summer internship programme in Nigeria.Citi’s success is drive
Travel Time: Yes, 25 % of the TimeJob ID: 16082014DescriptionPosition Summary:The Area Security Manager (ASM) is responsible for the management and coordination of the Security and Safety services acr
Shift: Day JobEmployee Status: RegularTravel Time: NoJob ID: 16059344Key Responsibilities:
To manage delivery and implementation of new applications as per TTS Technology and business management re
Job ID: 80001783 Employment Type: Full Time Job Description You're the Brains Behind our Work:
You’re ready to bring your knowledge from the classroom to the boardroom, and Citi wants to hel
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Job Ref: 17009309 Job Purpose
A key individual responsible for developing and maintaining a robust AML control environment in the franchise, coordinating, monitoring and advising on complian
Job Ref: 17009309 Job Purpose
A key individual responsible for developing and maintaining a robust AML control environment in the franchise, coordinating, monitoring and advising on complian
Job Ref: 17009309 Job Purpose
A key individual responsible for developing and maintaining a robust AML control environment in the franchise, coordinating, monitoring and advising on complian
Job Purpose:Provide financial analysis, risk assessment and analytical support for the assigned credit relationships in Financial Institutions Group (FIG), Global Subsidiary Group (GSG) and Global Cor
Job ref 16059344
Key Responsibilities:
To manage delivery and implementation of new applications as per TTS Technology and business management requirements.
Providing application functionality ex
Job ID: 16053832 Job Function: Operations Schedule: Full-time Shift: Day Job Job Purpose
Independently assess the effectiveness of controls and determine the potential impact of any control failur
Job ID 16071923
Job Purpose:The principal purpose of the position is to facilitate a focused and orderly interface between the Public Sector, Infrastructure, Telecoms and other Corporate and Commerci
Job ID 16071874
Job DescriptionJob Purpose:
Ensuring that coverage benchmarks are met for assigned customer names
Nurture client relationships. Support RMs to devise and develop treasury based so
Job ID: 16053832 Job Function: Operations Shift: Day Job Job Purpose
Independently assess the effectiveness of controls and determine the potential impact of any control failure and th
Job ID: 16062218 Job Function: Operations Shift: Day Job Employee Status: Regular Job Purpose
Foreign exchange purchase and utilization is highly regulated in Nigeria by the Central Bank. Th
Job Purpose:Trade customers require constant updates on their transactions. They also wish to be promptly advised of changing regulations and its impact on their business. Trade transaction service re
