Nigeria : Standard Chartered Expands Operations

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Standard Chartered Bank

Standard Chartered Bank

Standard Chartered Bank Nigeria (StanChart) said it has opened a new branch in Lagos state due to the growth recorded in its operations.

A statement from the bank also said that the move was part of its strategic expansion drive in Nigeria.

The bank stressed that Lagos state, presents its with tremendous opportunities in Nigeria, emphasising that the country is central to its business footprint in Africa.

According to the international bank, the strength of the Nigerian market has been reflected in its business growth.

Group Chairman of Standard Chartered Plc, Mr. John Peace, and the Chairman of Standard Chartered Bank, Nigeria, Dr Joseph Oladele Sanusi, were present at the official opening ceremony, the bank said.

Peace said: “Lagos is an extremely important State in Nigeria. It has always played a pivotal role in the development of the country and whatever happens in Lagos, usually gets replicated positively in other parts of the nation. The opening of this branch by Standard Chartered Bank, Nigeria is a positive development for Ikeja’s rapidly growing financial services sector and a testament to the importance of this axis within the state.

“Having another branch here will enable the bank to enhance its capabilities and commitment to the area. I am quite proud of the achievements of Standard Chartered Bank in Nigeria and I hope this will aid the sustenance of the long and mutually beneficial partnership between Standard Chartered Bank and the industrious people of Lagos State. ”

On her part, Managing Director, Standard Chartered Bank, Nigeria, Bola Adesola said: “We are quite pleased with the generous support we have received from the Government and people of Nigeria since we commenced business here in 1999. This has been quite encouraging and we fully intend to keep up our side of the bargain by consistently delivering on our brand promise to our customers.”


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