Standard Chartered Meets CBN’s N200bn Minimum Capital Requirement
Kayode Tokede
Standard Chartered Bank Nigeria Limited has announced that it has successfully fulfilled the Central Bank of Nigeria’s (CBN) N200 billion minimum capital requirement for national commercial banks, in advance of the regulatory deadline.
This achievement highlights the bank’s formidable financial foundation and steadfast commitment to deeply contribute to Nigeria’s economic advancement and financial stability.
Chief Executive Officer, Standard Chartered Bank Nigeria Limited, Dalu Ajene in a statement 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 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.
Executive Director and Chief Financial Officer, Standard Chartered Bank Nigeria Limited Dayo Omolokun 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.”
