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 and Transaction Banking business. Standard Chartered employs over 950 staff and sees Nigeria as a growth centre. There are 41 branches, with ATMs in each branch, located in Lagos, Port Harcourt, Abuja, Ibadan, Kano, Kaduna, Ota, Aba, Onitsha and Onne. The new ultra-modern Nigeria Head Office was opened in 2014.

  • Nigeria is a very attractive and fast growing market for Standard Chartered Bank Nigeria (SCBN)

  • Banking sector reforms are a core part of Nigeria’s broad economic restructuring programme. In Q4 2005, the Standard Chartered Group injected US$147m in new equity to meet the minimum capital requirement of US$185m – recognition of the importance of SCBN to the Group franchise

  • The organic growth strategy of SCBN is delivering substantial growth in profitability. Despite the challenges in the external environment, SCBN has consistently achieved stunning results due to best-in-class cost management and strong asset book management

  • The Bank is committed to achieving profitable growth in its core businesses which include Corporate and Institutional Clients (CIC), Retail Clients (RC) and Commercial Clients (CC)

  • The Corporate and Institutional Banking ‘CIB’ business in Nigeria consists of the Relationship Management and Client Coverage teams, working with product partners in Financial Markets, Transaction Banking, Corporate Finance and Capital Markets, and supported by the Client On-Boarding and Management ‘COBAM’ team.

  • CIB offers a wide range of banking products, specifically tailored to meet clients’ unique needs. These include world-class payments and collections platforms, trade, foreign exchange, rates and hedging solutions. The bank’s extensive international footprint serves as a key competitive advantage in providing trade products and services.

  • The business has closed a number of noteworthy deals over the years for clients such as Dangote, IHS, Azura Power and Oando. Our commitment to providing excellent customer service was recognised as we were ranked in the top 5 most customer-focused bank for corporate banking.

  • The Commercial Clients (CC) team commenced in-country operations in September 2014 and offers trade, cash, lending and FX solutions to mid-sized companies looking to expand locally, regionally and internationally. A core business objective of CC is to groom Commercial clients through their business lifecycle into becoming Corporates using the Bank’s global network capabilities such a trade and corporate finance.

  • The Commercial Clients’ team is strategically located to serve customers in high growth cities in Nigeria, with sales teams seated in Lagos, Port Harcourt and Abuja.

  • Retail Banking (RB) strategy is to Bank all our individual Banking throughout their life journey, from mortgages to wealth management and retirement. For business Banking, we are supporting their journey from lending and cash management to trade.

  • Our purpose-built SME centre at Opebi Lagos serves as a hub specifically dedicated to serving our SME clients

  • RB business in Nigeria consists of Business Banking, Priority Banking and Personal Banking

  • The Retail Banking business focuses on delivering the right solution to Banking, leveraging digital to improve customer experience.

  • Breeze - our mobile banking app continues to provide our customers with convenient, secure, anytime, anywhere Banking

  • We have maintained strong cash management capabilities to ensure that this critical aspect of our clients’ businesses is met effectively in what remains essentially a cash based and cash driven society

  • We continue to lead the way in the upstream oil industry, having led and advised on most of the major upstream deals in the market in the past three years.

  • We believe in the development of the Financial Services Industry and actively support our regulators and the government. We participate in the Nigeria Bankers’ Committee Sub-Committee on Economic Development which is working with stakeholders to increase the contribution of banks to the development of the real sector of the economy

  • SCBN takes pride in its successful mentoring programme for staff and aggressively manages talent using a whole raft of initiatives which include cross-functional moves, internal job watches, organization learning interventions and attachments within and outside of Nigeria. We continue to invest in our people, massively multiplying our leadership capacity which has culminated in key leadership positions across the Group being occupied by local talent.

  • We have also developed a ‘pay for performance’ culture and for the last few consecutive years, enjoyed one of the lowest critical staff turnovers in the industry - a testament to our staff engagement culture. By combining global capability with deep local knowledge and creativity we are positioned to outperform our competitors

  • SCBN has created a significant presence in Nigeria where we are one of the country’s most respected financial institutions. We consistently strengthen our operational risk framework which has reduced operational losses to record lows in the past few years

  • We continue to balance the pursuit of our growth with firm control of costs and risks

  • Best Syndicated Loan prize for the IHS/MTN $800Mn tower acquisition in Nigeria – 2014 EMEA awards.

  • Global Finance Award for the Best Treasury & Cash Management Business in Nigeria.

  • Ranked Number One Bookrunner and Mandated Lead Arranger in SSA by Bloomberg and Deal Logic (on volume and deal count).

  • Best Treasury and Cash Management Providers Award by Global Finance - 2015

  • Top 100 Businesses in Nigeria Award from H.E G.E Jonathan, Former President of the Federal Republic of Nigeria 2014

  • 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

  • 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 950 dedicated staff, our branch network has expanded from 3 branches in 2003 to 41 branches presently with more scheduled for completion by the end of the year

  • Currently, there are over 80,000 clients of the bank

  • SCBN continues to focus on various community development initiatives including Seeing is Believing (our initiative developed to tackle avoidable blindness), LwHIV/AIDS (designed to create awareness internally and externally on HIV/AIDS through education and free medical tests) 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 9 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.

  • As indicators of SCBN’s impact on the community, the bank’s HIV awareness education campaign has reached over 700,000 Nigerians in partnership with Lagos State Government

  • Goal, the bank’s empowerment programme for adolescent girls has empowered over 60,000 young girls till date since 2011; making it the most successful in terms of reach within the Group

  • 1. Sir Oluremi Omotoso, KJW; MFR -
  • Chairman
  • 2. Bola Adesola -
  • Managing Director/Chief Executive Officer, Nigeria and West Africa(1)
  • 3. Yemi Owolabi -
  • Executive Director, Finance,Nigeria and Regional CFO, West Africa
  • 4. Alh. Muhammed Imam Yahaya, OFR -
  • Non- Executive Director
  • 5. Sola Adepetun -
  • Non- Executive Director
  • 6. Sunil Kaushal -
  • Regional Chief Executive, Africa and Middle East, Standard Chartered Bank
  • 7. Louise Vogler -
  • Regional Credit Officer, CIB & CB Africa
  • 8. Mansa Nettey -
  • Executive Director and Head, Financial Markets, Ghana
  • 9. Seye Kosoko -
  • Head, Legal and Company Secretary
  • 1. Bola Adesola -
  • Managing Director/Chief Executive Officer,Nigeria and West Africa (1)
  • 2. Yemi Owolabi -
  • Executive Director, Finance, Nigeria and Regional CFO, West Africa
  • 3. Segun Odusanya -
  • Head, Commercial Banking, Nigeria and West Africa
  • 4. Ebehijie Momoh -
  • Head, Retail Banking, Nigeria
  • 5. Mobola Faloye -
  • Chief Risk Officer, Nigeria, Cameroon and Côte d’Ivoire // Head of Operational Risk, Nigeria
  • 6. Rachael Asonibare -
  • Chief Information Officer & Head, Information Technology and Operations
  • 7. Olusiji Adeyinka -
  • Head, Compliance, Nigeria
  • 8. Kike Ajeigbe -
  • Head, Human Resources, Nigeria

We have a steadily increasing branch network. We currently have 42 branches located in Lagos, Port Harcourt, Abuja, Ibadan, Aba, Kaduna, Maiduguri, Onne, Onitsha, Ota and Kano:

  • No. 142, Ahmadu Bello Way, Victoria Island, Lagos (Head Office)
  • No. 105B, Ajose Adeogun Street, Victoria Island, Lagos
  • No. 40, Warehouse Road, Apapa, Lagos
  • No. 30, Aromire Street, Ikeja, Lagos
  • No. 37A, The Palms Mall, Lekki Peninsular, Lagos
  • Plot 1681 Sanusi Fafunwa Street, Victoria Island, Lagos
  • No. 122/132 Apapa-Oshodi Expressway, Isolo – Afprint Isolo, Lagos
  • No. 138, Broad Street, Lagos
  • K23 Ikota Shopping Complex, Lekki-Epe Expressway, Lagos
  • No.184, Awolowo Road, Ikoyi, Lagos
  • No. 56, Town Planning way, Ilupeju, Lagos
  • No. 47, Isaac John Street, GRA Ikeja, Lagos
  • No. 35 Opebi Road, Ikeja, Lagos
  • Shop G2 and G3, City Mall, Onikan, Lagos
  • Plot 94, Block 24, Lekki Scheme Phase 1, Eti-Osa LGA, Lekki, Lagos
  • Ground & First Floor, Surulere Leisure Centre, Adeniran Ogunsanya Street, Lagos
  • 72A, Adetokunbo Ademola, Victoria Island, Lagos
  • Polysonic Plaza, 1B Point road Apapa, Lagos
  • 21/22 Marina, Lagos
  • Plot 6/7, 1st Avenue, Festac Town, Lagos
  • Plot 42 Acme Road/34 Lateef Jakande Street, Agidingbi, Lagos
  • 279, Herbert Macaulay, Yaba
  • Plot 3174 Adetokunbo Ademola Crescent, Wuse II, Abuja
  • D’alibro Shopping Mall, Suite G13, 32 A.E. Ekukinam street, Utako district, Abuja
  • Tswanya Centre; Plot 1517/1518 Mohammadu Buhari Way, CBD, Garki, Abuja
  • Zamani Complex; 1 Zambezi Crescent; 1405 Cadastral Zone A05, off Aguiyi Ironsi Street, Maitama, Abuja
  • 84 Kwame Nkrumah Crescent, Asokoro, Abuja
  • NNPC Towers, Herbert Macaulay Way, Central Business District, Abuja.
  • Silverbird Galleria, Plot 1161, Memorial Drive, Central Business District
  • 143, Aba road, Port-Harcourt, Rivers
  • Plot 7, Trans-Amadi Industrial Layout, Port-Harcourt, Rivers
  • Shell RA, 420 Aba Road Opposite Shell RA Port Harcourt Rivers State
  • 20B, Aba –Owerri road, Aba
  • 102, Moshood Abiola Way Ring-Road, Ibadan, Oyo
  • Plot 1 & 2C Kachia Road, Kaduna
  • 8C Murtala Mohammed Way, Kano
  • Kachim Ibrahim way, Maiduguri, Borno
  • 49 New Market Road, Onitsha
  • Km 3, Idi-Iroko Road, Otta , Ogun
  • Free Trade Zone, Intels Compound, Onne, Port-Harcourt, Rivers
  • 45, Murtala Mohammed Way, Calabar
  • Sovereign Trust House, Alabaka Junction, Akure

Our Global Presence

We've operated for over 150 years in some of the world's fastest-growing markets. We aim to lead the way in Asia, Africa and the Middle East.

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Here for good

Here for good is the essence who we are. It's about sticking by our clients and customers through good times and bad, and always trying to do the right thing.

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.


Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.