Standard Chartered in Nigeria
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. It now has 42 branches located in Lagos, Port Harcourt, Abuja, Ibadan, Kano, Kaduna, Maiduguri, Ota, Aba, Onitsha and Onne offering a wide range of products and services in Retail, Corporate and Institutional Banking. It employs over 900 employees and sees Nigeria as a growth centre.
Working with us
You can expect us to nurture your strengths and value your unique perspectives, and in return we expect you to share our passion for doing good.
Our commitment to you
We believe that a bank can be about more than just the profits it makes, that by doing things the right way we can be a powerful force for good.
Our brand promise, Here for good, sets out our deep and lasting commitment to people, to the communities in which we live and work, and to building a sustainable and responsible business for the long run. And it’s this commitment that not only sets us apart as a bank but also as an employer.
By developing your strengths, valuing your unique perspectives and enabling you to make a difference to our success, we’ll help you to fulfil your potential. Getting the most from this opportunity will rely on you sharing our commitment to delivering performance for our shareholders, building lasting relationships while demonstrating a passion for helping us do good – for customers, communities and your colleagues.