Standard Chartered Bank – Leading the way in Asia, Africa and the Middle East

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 consequently, 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. There are 13 branches, with ATMs in each branch, located in Lagos, Port Harcourt and Abuja. Standard Chartered employs over 619 staff and sees Nigeria as a growth centre.  The ultra-modern Nigeria Head Office opened in 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 619 dedicated staff, our branch network has expanded from 3 branches in 2003 to 13 branches presently.
• Currently, there are over 380,000 clients of the Bank

• Between 2006 and 2018 date, through 12 consecutive Walk for Sight events, Nigeria raised over USD1million to fund corrective surgeries and eye care treatment for people affected by eye related diseases including cataracts and glaucoma.
• In 2019, SC Nigeria launched its Women in Technology Incubator project designed specifically for the upscaling of women-led technology ventures, as an enabler for economic empowerment of women.  In Nigeria, the programme targets female-led entrepreneurial teams and provides them with training, mentorship, and seed funding. The Bank has successfully invested nearly million dollars towards the program; recently graduated the 4^th cohort and launched the 5th cohort by H12024.
• GOAL is our life skills empowerment program for adolescent girls in rural communities. Since inception in 2011, the program has supported over 200,000 young girls in Nigeria: making it one of the most successful in terms of reach within the Group. The program will retire in 2024
• Partnering with the Fate Foundation, in collaboration with the Young Business International (YBI), we have implemented both the Business Recovery Program (BRP) and the Aspiring Entrepreneurs Program (AEP)
• The Business Recovery Programme (BRP) was an initiative aimed at supporting the recovery of youth-led businesses from the adverse effects of the COVID-19 pandemic and localized unrest in Nigeria. This program was implemented from March to November 2021, comprising of two pivotal components: Capacity Building and Remote Business Advisory. Through these components, BRP reached out to youth-led businesses across ten different states in Nigeria, providing essential support and guidance to help them rebuild and sustain their operations in the face of unprecedented challenges.
• In total, the BRP impacted a substantial 6,045 individuals, with a notable 45% of them being female entrepreneurs. The total grant support received from the Standard Chartered Foundation in executing the project was US$150,000.
• The Aspiring Entrepreneurs Programme (AEP) Futuremakers is a project that aims to empower underserved tertiary institution students in their penultimate or final year, as well as persons with disabilities, particularly young individuals and female led businesses. The program duration is between January 2022 to December 2023. The program helps to provide capacity-building training for young entrepreneurs. Through this initiative, participants are equipped with essential entrepreneurial, leadership, and advocacy skills, enabling them to establish and sustain their enterprises successfully. 280 entrepreneurs benefited from mentoring and received crucial business advisory support. This project was made possible with a grant of US$248,235.00.
• The Aspiring Entrepreneurs Programme Tertiary (AEP Tertiary) specifically targets underserved tertiary institution students in their penultimate or final year. The AEP Tertiary has successfully reached 240 student entrepreneurs across 15 tertiary institutions in four states. Fifty-four (54) entrepreneurs from the four states have secured internship placements.
• The Aspiring Entrepreneurs Programme for Persons with Disabilities (AEP PWD) is uniquely designed to cater to five disability clusters, including hearing impairment, visual impairment, albinism, dwarfism, and physical challenges. So far, we have been able to train 80 entrepreneurs with disabilities. All participants are in early-stage businesses.
• In collaboration with the Central Bank of Nigeria (CBN), under the CACOVID Funding Initiative, Standard Chartered Bank Nigeria Limited contributed USD 500,000 towards the fight against the COVID-19 pandemic in Nigeria in 2020.
• We continue to collaborate with the Central Bank of Nigeria (CBN) to facilitate financial literacy training sessions annually and since inception of the program have reached over 3,000 youths nationwide.

Our aim is to understand what people can do, rather than being influenced by perceptions of what they can’t. We strive to be truly inclusive of employees with disabilities, to put in place scalable systems and practices for their needs.

We aim to be the employer of choice for banking professionals with disabilities. This means removing barriers and biases to attract the very best talent and also supporting colleagues with disabilities during their time working with us.

To support organisations, identify best practice, we have launched our Disability Confident toolkit to provide practical guidance to advance towards disability inclusion.

For more enquiries please contact CABM_NG@sc.com

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