Business Economy Finance Fintech

Nneka Enwereji Appointed as New MD/CEO of Citibank Nigeria Limited

 

Citibank Nigeria Limited has announced the appointment of Nneka Enwereji as its new Managing Director/Chief Executive Officer, following approval from the Central Bank of Nigeria. This appointment marks a significant milestone, as Nneka becomes one of the few women leading a major international financial institution in Nigeria. Her new role underscores Citibank’s commitment to diversity, equity, and inclusion at the highest levels of its leadership.

With over 31 years of extensive experience spanning various facets of banking, including Markets, Corporate & Investment Banking, Transaction Services, Risk Management, and Operations, Nneka Enwereji brings a robust set of skills and expertise to Citibank Nigeria. Her appointment comes at a critical time as the bank seeks to strengthen its market position and navigate the dynamic financial landscape in Nigeria and across the continent.

A Proven Leader with a Track Record of Excellence

Before her appointment as MD/CEO, Nneka Enwereji served in several pivotal roles that positioned her as a key player in Citibank’s growth strategy across the region. As the Head of Global Network Banking (GNB) for Sub-Saharan Africa, she led her team to achieve significant growth despite complex market conditions. Her strategic insights and leadership were crucial in fostering collaboration, optimizing client service, and driving profitability across the network.

Nneka also served as the GNB Co-Head for the Middle East and Africa, where she played a critical role in overseeing operations and executing strategic initiatives that bolstered Citi’s presence in these regions. Her deep understanding of both regional and global markets has been instrumental in navigating the bank through various economic cycles and regulatory changes.

Her contributions extend beyond executive management; Nneka has served as a board member of Citi Nigeria and in several non-executive roles on other boards, further demonstrating her leadership acumen and commitment to governance excellence.

A Vision for the Future

Upon her appointment, Nneka Enwereji expressed her enthusiasm for taking on the role, stating:

“I am excited about this new chapter at the helm of Citibank Nigeria Limited, working with our dedicated team to deliver the full value of Citi’s network to clients and stakeholders. Together, we will build on our strong foundation, harnessing the power of our global platform to drive sustainable growth, enhance client relationships, and contribute to Nigeria’s economic development.”

Acknowledging Ireti Samuel-Ogbu’s Legacy

Nneka Enwereji succeeds Ireti Samuel-Ogbu, who recently retired after 36 years of distinguished service at Citi. Ireti Samuel-Ogbu made history as the first female CEO of Citibank Nigeria Limited and is celebrated for her transformational leadership, which included advancing digital banking solutions, enhancing client experiences, and fostering a culture of innovation within the bank.

Looking Ahead

As Nneka Enwereji steps into her new role, she is expected to leverage her vast experience and leadership skills to steer Citibank Nigeria towards a new phase of growth and innovation. Her deep understanding of the banking sector and her passion for excellence will be key drivers in achieving the bank’s strategic objectives.

Congratulations to Nneka Enwereji on her well-deserved appointment! 🌟👏🏽 This milestone is not only a testament to her capabilities but also a source of inspiration for women in leadership across Nigeria and beyond.

Leave a Comment

Your email address will not be published.

You may also like

Business Economy Investments

Technology a business imperative at Datacentrix Showcase 2024, emphasising the changing of lives through tech

post-image

 

Technology and Artificial intelligence (AI) are transforming and reshaping business operations across multiple industries, and in the process are able to effect a tremendous impact on people’s lives. Within this context, the business sector can – and must – contribute positively to communities’ general well-being and prosperity while seeking growth opportunities.

This was an overriding theme of the recent Datacentrix Showcase 2024, which took place at Montecasino in Johannesburg, presenting excellent content, new ideas and cutting-edge solutions to close to 2,000 technology and business professionals on the day. The event was proudly supported by Diamond sponsor Hewlett Packard Enterprise (HPE), together with thirty-four other highly respected ICT technology vendors.

The concept for this year’s Showcase, ‘Changing lives through technology’, reflects Datacentrix’s ongoing commitment to exploring and embracing innovative, sustainable solutions that simultaneously support local businesses while also contributing positively to communities and the environment.

In his opening address, Ahmed Mahomed, Group…

Read More
Business Economy International Technology

Creating customer-obsessed experiences in B2B

post-image

 

A customer-obsessed mindset is no longer the preserve of B2C companies

 

The concept of customer experience (CX) has shifted from customer-centricity to customer obsession, making it much more comprehensive and immersive than ever before. Where customer-centricity sets its sights on understanding and meeting customer needs, customer obsession goes a step beyond by integrating every aspect of a business—leveraging technology, design, and human insights to deliver superior, holistic user experience. This transformation is on fertile ground within the B2B sector, where businesses are recognising the need to provide the same high-quality experiences that B2C customers usually expect, says Avinash Maharaj, Head of Digital Product Strategy at fintech specialist e4.

 

Being customer-obsessed is a business approach that puts customer needs at the centre of an organisation’s culture and operations instead of paying lip service to the idea of good customer service. “It involves a deep commitment to exceeding customer expectations at…

Read More
Business Culture Economy

Prof. Yemi Osinbajo Pays Tribute to Hajia Dada Yar’Adua: A Legacy of Grace and Fortitude

post-image

 

Prof. Yemi Osinbajo, former Vice President of Nigeria, has recently honored the legacy of Hajia Dada Yar’Adua, highlighting her remarkable embodiment of grace, dignity, and fortitude.

During a recent visit, Prof. Osinbajo reflected on the life of Hajia Dada Yar’Adua, the widow of the late Musa Yar’Adua, who served as Minister of Lagos Affairs in the First Republic. Hajia Dada Yar’Adua’s exceptional legacy includes being the mother of nine children, with three achieving prominent positions: one as President of Nigeria, another as Vice President, and a third as a serving Senator. Her role as both wife and mother to such influential figures in Nigerian history is unmatched.

Hajia Dada Yar’Adua’s life was marked by both profound honor and significant personal loss. She endured the deaths of five of her children, including the former President and Vice President, yet remained steadfast and resilient. Prof. Osinbajo shared his admiration for her strength, noting…

Read More
Business Culture Economy Government International

Peter Obi Joins African Leaders in Kigali for High-Level Conference

post-image

Peter Obi, the Labour Party presidential aspirant and former Governor of Anambra State, recently attended a high-level conference in Kigali, Rwanda, where he joined prominent African leaders to discuss the continent’s challenges and opportunities. The conference, hosted by Rwanda’s President, Paul Kagame, provided a platform for in-depth discussions on critical issues affecting Africa’s future.

Reflecting on his participation, Peter Obi stated, “In pursuit of my desires and soul-searching for solutions to our country’s and continent’s challenges, I was in Kigali, Rwanda, over the weekend. I had several meetings, both planned and impromptu, with notable figures in the development sector. We discussed a wide range of topics, including personal issues, sports, and food insecurity.”

Obi emphasized the need for Africa, particularly Nigeria, to move from a consumption-driven economy to one focused on production. “Most of the comments I heard resonated with my beliefs. Whenever I talk about productivity, I maintain that our…

Read More
Business Economy

Federal Government Refutes Speculation of VAT Increase

post-image

 

The Federal Government has officially dismissed recent reports suggesting that the administration of President Bola Ahmed Tinubu intends to increase Nigeria’s Value-Added Tax (VAT) rate from 7.5% to 10%. In a statement released earlier today, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, clarified that no such proposal is currently under consideration, reaffirming President Tinubu’s dedication to maintaining fiscal stability.

Mr. Edun emphasized that the VAT rate remains unchanged at 7.5%, countering rumors of a pending increase. He underscored the administration’s focus on implementing sustainable economic policies aimed at reducing inflationary pressures without imposing additional burdens on citizens. He also highlighted recent fiscal measures, such as the suspension of import duties on essential goods, as part of President Tinubu’s broader strategy to mitigate economic hardship for Nigerians.

The Minister of Finance stressed the Federal Government’s commitment to transparent communication regarding tax and economic policies to…

Read More
Business Culture News Opinion Society

Olayinka Oyetunji’s Journey: From Humble Beginnings to National Recognition

post-image

 

Olayinka Oyetunji, the esteemed Associate Director at EY, Convener of C.L.E.A.N, Finance Tutor, and Chairman of the Board at Covenant Community Groups, recently reflected on his career journey, highlighting the pivotal moment that marked the beginning of his rise to national prominence.

In a candid discussion about his professional path, Oyetunji recalled a time when recognition seemed elusive. Despite not winning any awards during his primary and secondary school years, he experienced a life-changing moment when he received his first-ever prize from the Institute of Chartered Accountants of Nigeria (ICAN). This prestigious recognition came after he secured third place overall in the ATS 2 examination, a nationwide achievement that thrust him into the spotlight.

Oyetunji shared the profound impact this recognition had on him. “I was a national star,” he said, still amazed by the turn of events. “The irony is that I had never won any prize in primary and…

Read More
Business Culture Economy News Opinion

Bill Gates Engages Youth Voices in Nutri-Vision Dialogue to Combat Malnutrition Through African Solutions

post-image

Bill Gates, Co-Chair of the Bill & Melinda Gates Foundation, engaged in a dialogue with young leaders, nutrition experts, advocates, and Grammy Award winning musician Jon Batiste. In this dynamic conversation, the participants exchanged transformative ideas that can address malnutrition through health, agriculture, and financing solutions. These include smartphones that can tell farmers which seeds to plant depending on the weather, multiple micronutrient supplements that reduce maternal anemia and save newborn lives, and cooking oil fortified with vitamin A to strengthen immune systems.

 

Vaccines saved millions of lives and improved the health of those children so they can achieve their whole potential

Throughout his opening remarks, Mr. Gates underscored the importance of reducing malnutrition especially in pregnant mothers and young children. He said: “vaccines saved millions of lives and improved the health of those children so they can achieve their whole potential. But now malnutrition is holding back…

Read More
Business Culture Government International

Africa’s Trade Transformation: The Power of Technology for Sustainability (By Arnaud Bouraima)

post-image

By Arnaud Bouraima, Deputy Chief Commercial Officer, Webb Fontaine (https://WebbFontaine.com/). 

 

In the face of mounting global environmental challenges such as climate change, biodiversity loss, and pollution, and increasing focus on environmental, social and governance (ESG) awareness, sustainable trade practices and supply chains have the potential to radically transform Africa’s economic future.

From green logistics to fair trade and circular economy principles, sustainable trade practices have a significant positive impact on global and local trade. In addition to environmental benefits, they enhance market competitiveness and open access to new markets that value a commitment to sustainability.

However, the transition to eco-friendly and sustainable supply chains is reliant on several factors, not least a significant investment in the infrastructure and technology needed to streamline port and customs operations and ensure a smooth entry of goods into the country in question. An understanding of the importance of digital transformation by governments…

Read More