Citi has had a presence in Nigeria since 1984. Citi Nigeria formerly operated under the name of Nigeria International Bank Limited, but in 2008 was renamed Citibank Nigeria Limited to fully align with Citi's global brand and identity. Citi is the oldest existing international bank in Nigeria, with 12 service bank branches spread across the nation.
Despite the growing environmental and business challenges, Citi continues to focus on competitively creating value and providing efficient service delivery to our clients while maintaining a robust risk and control environment. We consistently assist our clients by creating innovative solutions, which are mostly the first-of-their-kind landmark structures in the market, to resolve their banking needs. We bring our global expertise, coupled with our in-depth knowledge of the local market, to provide appropriate banking solutions.
Citi has welcomed the recent regulatory improvements initiated by the Central Bank of Nigeria as they have brought local banking standards closer to international best practices. A more transparent and rigorous regulatory regime ensures a level playing field for all market operators, something we have long advocated for. We have taken the lead in implementing several of the recent regulatory reforms and have worked hard to build overall industry capacity in this regard.
At Citi, we also help our local clients strategically, towards their adoption of best practices in their corporate governance standards.