In 1965, the Standard Bank of South Africa merged with the Bank of West Africa acquiring businesses including a banking operation in Nigeria, which dated back to 1894. The name was then changed to Standard Bank of West Africa. Four years after the merger, Standard Bank Nigeria was incorporated locally to take over the business in Nigeria. In 1971, 13% of the share capital was placed with Nigerian investors. The end of the civil war saw a major economic upturn and as a consequence, the military government sought to increase local control of the retail-banking sector, hence the Bank’s investment in Standard Bank Nigeria (renamed First Bank of Nigeria in 1979) was reduced to 38%. Standard Chartered remained a shareholder of First Bank of Nigeria until 1996.

Standard Chartered re-entered Nigeria in 1999 and opened to customers on 15 September 1999 as a wholly owned subsidiary of Standard Chartered Bank Plc, headquartered in United Kingdom.

Today, the Bank offers a wide range of products and services in Retail; Wealth Management; Commercial; Corporate and Institutional; Private, Digital and Transaction Banking business. Standard Chartered employs over 900 staff and sees Nigeria as a growth centre. There are about 22 branches, with ATMs in each branch, located in Lagos, Port Harcourt and Abuja. The new ultra-modern Nigeria Head Office was opened in 2014.

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GOVERNANCE & COMPLIANCE

  • SCBN has a strong reputation for delivering the highest standards of international governance – a competitive advantage and a differentiator.
  • We continue to set governance standards in the countries we operate in by migrating FSA best practices, e.g. KYC, AML, etc.
  • We actively engage with all our Governments and Regulators to share our skills and expertise and work in partnership to support sustainable development.
  • SCBN is currently Sovereign Ratings Advisor to the Federal Government through the Ministry of Finance

GROWTH

  • We operate in a very dynamic environment with limitless opportunities for growth. We are well positioned for this growth and continue to focus on our growth plans.
  • With over 900 dedicated staff, our branch network has expanded from 3 branches in 2003 to about 22 branches presently
  • Currently, there are over 100,000 clients of the Bank

COMMUNITY

  • SCBN continues to focus on various community development initiatives including Seeing is Believing (our initiative developed to tackle avoidable blindness), Financial Education for youths and entrepreneurs and GOAL (our life skills empowerment program for adolescent girls in rural communities). Our stamp is boldly imprinted with giving back to the communities in which we operate.
  • We aim to make a positive contribution to the communities that we operate in through our various initiatives that link our core business activities, expertise and resources with the key issues facing these communities. For example, the Bank holds various fund raising events for the ‘’Seeing is Believing’’ initiative, including ‘Walk for Sight’, which have been hugely successful. To date, through 11 consecutive Walk for Sight events, we have raised over USD 1mn to fund corrective surgeries and eye care treatment for people affected by eye related diseases including cataracts and glaucoma.
  • Goal, the Bank’s empowerment programme for adolescent girls has empowered over 150,000 young girls till date since 2011; making it the most successful in terms of reach within the Group
  • In collaboration with the Central Bank of Nigeria (CBN) we have facilitated financial literacy training sessions for over 1,000 youths nationwide

Data Protection and Privacy

Respecting your privacy rights is important to us. As a Bank we take extra precautions to ensure your information with us is treated with the highest levels of confidentiality. Learn more about our policies and what we are doing to protect your information.

For more information, please contact:

Nigeria.DPO@SC.com
Standard Chartered Bank, Nigeria
142 Ahmadu Bello Way
Victoria Island
Lagos

Awards For Excellence

2018

Best Bank for Liquidity Management

Global Finance

2018

Best Consumer Digital Bank

Global Finance World Digital Awards

2018

Best Customer Experience Award for Technology Solutions

Treasury Management Internal Awards

2018

Best Overall for Cash Management in Nigeria

Global Finance

2018

Best Wealth Management in Nigeria

The Asian Banker Excellence in Retail Financial Services Awards for West Africa

2017

Best Consumer Digital Bank

Global Finance World Digital Awards

2017

Best Wealth Management in Nigeria

Asian Banker West Africa Retail Financial Services Awards

2016

Best Mobile banking App, Nigeria

World Finance

2016

Best Digital Bank, Nigeria

World Finance

2016

Best Social Media Initiative of the year

Asian banker

2016

Best Wealth Management in Nigeria

Asian Banker West Africa Retail Financial Services Awards

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