History of Standard Chartered Bank

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History of Standard Chartered Bank

In 1965, Standard Bank of South Africa merged with the Bank of West Africa acquiring businesses including banking operations in Nigeria, dating back to 1894. The name was later changed to Standard Bank of West Africa. Four years after the merger, Standard Bank Nigeria was established locally to continue doing business in Nigeria. In 1971, 13% of the share capital was placed for Nigerian investors. The end of the Civil War saw a major economic recovery and as a result the military government sought to increase local control over the retail banking sector, so the Bank’s investment to Standard Bank Nigeria (renamed First Bank of Nigeria in 1979) was reduced. at 38%. Standard Chartered remained a shareholder of First Bank of Nigeria until 1996.


Standard Chartered re-entered Nigeria in 1999 and opened its doors to clients on 15 September 1999 as a wholly owned subsidiary of Standard Chartered Bank PLC, headquartered in the United Kingdom. .


Today, the Bank offers a wide range of products and services in the Retail sector; Asset Management; Advertisement; Enterprises and Organizations; Private banking, digital and transactional. Standard Chartered employs more than 900 people and sees Nigeria as a growth hub. There are about 22 branches, with ATMs in each, located in Lagos, Port Harcourt and Abuja. Nigeria’s new modern headquarters was opened in 2014.

systems and practices are scalable to their needs.


Our goal is to be the employer of choice for banking professionals with disabilities. This means breaking down barriers and stereotypes to attract top talent, and supporting colleagues with disabilities during their time with us.



To support organizations and identify best practices, we’ve launched the Disability Confidence Toolkit to provide practical guidance for moving towards disability inclusion. Data protection and privacy

Respecting your privacy is important to us. As a bank, we take extra precautions to ensure that your information is handled with the highest level of security. Learn more about our policies and what we do to protect your information.

For more enquiries please click here  CABM_NG@sc.com

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