Standard Chartered Bank Nigeria Limited has announced plans to close a number of its branches across the country, effective 15 January 2026, as part of its ongoing strategy to enhance digital banking services and streamline operations.
The announcement was made in a statement titled “Branch Network Update,” issued to clients on Friday.
The bank explained that the closures follow “careful consideration and are in line with our ongoing efforts to optimise our services and customer value propositions.”
The bank stated that the move builds on its digitisation efforts, which began several years ago, aimed at streamlining processes, operating channels, products, and service solutions.
The strategy is designed to efficiently utilise resources and meet the evolving needs of clients.
Reassuring customers of its financial stability, Standard Chartered confirmed that it has successfully met the Central Bank of Nigeria’s N200 billion minimum capital requirement for national commercial banks.
“Please be assured that we remain adequately equipped to serve and support you in the fulfilment of your financial goals and aspirations,” the bank said.
Standard Chartered emphasised that the branch closures will not affect its commitment to service delivery.
The bank will continue to provide corporate, institutional, and affluent clients access to a network spanning Asia, Africa, and the Middle East, offering unique opportunities for sustainable growth.
Reaffirming its brand promise, the bank stated: “We are steadfast in our commitments to you and assure you that we will continue to provide the best-in-class financial service solutions both for our corporate and retail clients.”
The announcement comes as part of a broader trend among Nigerian banks to focus on digital solutions, reducing reliance on physical branches while expanding online and mobile banking services.
