Citi increases capital in Nigeria, meets N200bn CBN requirement, reinforces commitment to Nigeria’s economy

Citi increases capital in Nigeria, meets N200bn CBN requirement, reinforcing commitment to Nigeria’s economy

Citibank Nigeria Limited (Citi) has today announced that it has successfully met the Central Bank of Nigeria’s (CBN) new minimum capital requirement of N200 billion for national commercial banks. This achievement reinforces Citi’s enduring commitment to Nigeria’s financial sector and economic growth.

Mrs. Nneka Enwereji, MD/CEO of Citibank Nigeria Limited, stated, “Meeting the CBN’s N200 billion capital requirement is more than compliance – it is a statement of confidence in Nigeria’s future and a deliberate investment in its next chapter of growth. For 41 years, we have partnered with Nigeria’s governments, banks, corporations, and communities.

With a strengthened balance sheet, Citi is ready to expand support for clients across priority sectors including infrastructure, energy and trade. Citihas a legacy of pioneering innovative solutions in Nigeria and this investment will help expand digital innovation and payment solutions, while advancing social finance initiatives aligned with national development priorities.”

Citi has consistently acted as a trusted conduit for foreign direct investment, actively showcasing Nigeria’s robust reform momentum to global investors. Leveraging its extensive international network, the bank connects Nigerian institutions with global capital, convening senior policymakers and corporates to explore opportunities in trade, industry and cross- regional capital flows. The bank has been instrumental in shaping a deeper, more resilient financial market that fosters sustainable growth.