Standard Chartered Confirms Compliance with CBN’s ₦200bn Capital Requirement This milestone underscores the Bank’s robust financial standing and unwavering dedication to contributing meaningfully to Nigeria’s economic progress and financial resilience.

Standard Chartered Bank Nigeria Limited is pleased to announce that it has successfully met the Central Bank of Nigeria’s (CBN) ₦200 billion minimum capital requirement for national commercial banks, well ahead of the regulatory deadline.

This accomplishment highlights the Bank’s formidable financial foundation and steadfast commitment to playing a significant role in Nigeria’s economic development and financial stability.
By fulfilling the capital requirement ahead of schedule, Standard Chartered reaffirms its strategic intent to deepen its footprint in Nigeria, one of its most critical African markets, through sustained investment, a resilient capital base, a strong and sustainable balance sheet, and value-driven financing to support clients spearheading growth in key sectors that drive national productivity.

Dalu Ajene, Chief Executive Officer of Standard Chartered Bank Nigeria Limited, stated that:
“Delivering on the CBN’s recapitalization 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.’’

With a distinguished global legacy spanning over 170 years in Africa and 26 years of dedicated service in Nigeria, Standard Chartered Bank Nigeria Limited continues to leverage its international expertise alongside local insights to deliver innovative banking solutions that empower individuals, businesses, and communities to thrive.

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 management expertise.
“This new capital investment will enable the Bank to do more, especially towards the achievement of a USD1 trillion economy by 2031 as envisioned by President Bola Ahmed Tinubu.”