CitiBank Archives — City Business News

April 18, 2024 No Responses

NPA Secures $700m Citibank Loan

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, on Wednesday signed the Mandate Letter to secure a $700m Citibank loan to be funded by the UK Export Finance, UKEF. City Business News report that the loan is to...

August 26, 2022 No Responses

Citi Bank To Close Russian Branches

US bank Citigroup is to close its remaining branches and consumer banking operations in Russia as it exits the country in protest at the war in Ukraine. The move, which affects 2,300 staff in the country, follows an exodus of...

August 3, 2022 No Responses

Citibank Appoints Shamsuddeen Usman Chairman

Former Minister of Finance, former Minister of National Planning, and former Deputy Governor of the Central Bank of Nigeria, Dr. Shamsuddeen Usman has been appointed the Chairman of the Board, Citibank Nigeria Limited effective July 20, 2022. Usman had s...

April 16, 2021 No Responses

Citigroup To Exit Banking Operations In 13 Markets

Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East. The US banking group will instead run these operations from four hubs in Singapore, Hong Kong, the United Arab Emirates and London. It...

May 18, 2019 No Responses

MTN, First Bank, Access Bank, UBA, GTBank, Others Seal N200b Loan Deal

MTN Nigeria Communications Plc on Friday signed a seven-year 200 billion naira medium term facility with a consortium of seven mostly local banks. The company stated this in a statement by its Company Secretary, Uto Ukpanah, to the Nigerian Stock...

November 2, 2017 No Responses

Citibank hosts cash, trade seminar for banking industry professionals

Citibank recently concluded a week long Cash & Trade Seminar for banking industry professionals. The seminar had over 45 participants from various banks in the industry. The annual seminar is a demonstration of Citi’s commitment to using its global ...

June 27, 2017 No Responses

Citi Bank celebrates community day in Nigeria

Citi Bank celebrated its 12th annual Global Community Day recently as more than 1,600 Citi volunteers in Aba, Abuja, Kano, Lagos, Port-Harcourt and Warri engaged in service activities in their local communities. In the days leading up to and...

June 15, 2017 No Responses

Citibank: Nigerian economy on slow path to recovery

Following a difficult two years, there are now signs that the Nigerian economy is starting the slow path to recovery, Citibank Africa Economist, Mr David Cowan has said Speaking at a Direct Custody and Clearing (DCC) seminar, Cowan said...