Standard Chartered Bank Nigeria Limited says it has successfully fulfilled the Central Bank of Nigeria’s (CBN) ₦200 billion minimum capital requirement for national commercial banks, in advance of the regulatory deadline.

The achievement highlights the Bank’s formidable financial foundation and steadfast commitment to deeply contribute to Nigeria’s economic advancement and financial stability.

By achieving the capital requirement ahead of schedule, Standard Chartered reaffirms its strategic focus on deepening its presence in Nigeria, one of its most pivotal African markets through committed investment, robust capital base, strong and sustainable balance sheet, and value enhancing financing to support clients leading growth in key sectors that propel national productivity.

Dalu Ajene, Chief Executive Officer of Standard Chartered Bank Nigeria Limited, said, “Delivering on the CBN’s recapitalisation directive ahead of schedule underscores our unwavering confidence in the resilience and potential of the Nigerian economy. This achievement reaffirms Standard Chartered’s enduring partnership with Nigeria and our steadfast commitment to foster sustainable growth, support clients, and play a pivotal role in Nigeria’s financial and economic transformation.’’

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With a distinguished global heritage spanning over 170 years in Africa, and 26 years of dedicated service in Nigeria, Standard Chartered Bank Nigeria Limited continues to harness its global expertise with local insights to provide innovative banking solutions that empower individuals, businesses, and communities to prosper.

Dayo Omolokun, Executive Director and Chief Financial Officer added: “The recapitalisation of Standard Chartered Bank Nigeria Limited ahead of the March 2026 deadline reinforces the Group’s commitment to Nigeria, as an important and strategic market on the African continent. Since returning to Nigeria to establish a wholly owned subsidiary in 1999, the Bank has supported clients and customers with structured financial solutions running into billions of Dollars, combining differentiated cross-border capabilities with leading wealth managementexpertise.

“This new capital investment will enable the Bank to do more, especially towards the achievement of a $1 trillion economy by 2031 as envisioned by President Bola Ahmed Tinubu.”

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.

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