8 July 2013

Nigeria: Citibank Supports Capacity Devt in Banks

Citibank Nigeria Limited at the weekend revealed that it recently concluded a week-long cash and trade seminar for banking industry professionals. The forum, according to a statement from the international bank, had in attendance over 40 participants from 13 banks. Some of the financial institutions that participated were Zenith Bank, Guaranty Trust Bank, Diamond Bank, Fidelity Bank and Skye Bank. The Managing Director and Chief Executive Officer, Citibank Nigeria Limited, Mr. Omar Hafeez, said the annual seminar demonstrated the bank's commitment to exploiting its global resources and expertise to improve the knowledge base of Nigeria's banking professionals.

"The course is designed to provide both an intermediate analysis of international cash and trade policies, processes and an insight into current global developments and emerging trends. The forum also provides an excellent opportunity for interactive discussions between key operators in the local market," he added.

Hafeez also highlighted Citi's partnership with other banks in the industry, just as he spoke on the bank's commitment to improving the standards of banking in Nigeria for the ultimate benefit of all players in the industry, regulators and customers. Also, the Head of Citi Nigeria's Financial Institutions Unit, David Oji, said: "Our aim is to share with participants some of the key developments in the area of international trade and payments, thereby, giving delegates a better understanding of the principles governing these aspects of international banking, especially those who are directly responsible for processing cash and trade transactions and/or marketing related products."

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