Popular Nigerian Bank Announces Branches Closure From January 2026, Sends Message To Customers

Standard Chartered Bank Nigeria Limited has announced plans to close a number of its branches across the country effective January 15, 2026.

As part of its ongoing strategy to strengthen digital banking and streamline operations. Standard Chartered Bank branches set for closure.

The bank disclosed the development in a statement to clients over the weekend titled “Branch network update.”

It said that the decision followed “careful consideration and is in line with our ongoing efforts to optimise our services and customer value propositions.

According to the statement, the closures form part of Standard Chartered’s broader digitisation strategy, which began several years ago, to simplify its processes, operating channels, and service delivery models.

The bank said: “These closures build on our digitisation efforts, which commenced a few years ago, to streamline our processes, operating channels, products, and service solutions; and efficiently utilise resources to suit the expectations and evolving needs of our clients.” promised that the branch rationalisation would not affect its service delivery or its commitment to clients, particularly corporate, institutional, and affluent customers, who will continue to benefit from its international network across Asia, Africa, and the Middle East, AriseTV reports. Standard Chartered confirms compliance with CBN’s N200 billion capital requirement.

Speaking on the achievement, Chief Executive Officer of Standard Chartered Bank Nigeria Limited, Dalu Ajene, said the early compliance highlights the bank’s optimism about Nigeria’s growth trajectory.

“Delivering on the CBN’s recapitalisation directive ahead of schedule underscores our unwavering confidence in the resilience and potential of the Nigerian economy.”

Ajene added that the bank remains committed to fostering sustainable growth, supporting its clients, and contributing meaningfully to Nigeria’s financial and economic transformation.

He emphasised that Standard Chartered’s early recapitalisation reinforces its position as a trusted financial partner to both individuals and corporate clients, 21st-century chronicle reports.

The lender reassured customers of its strong financial position, confirming that it has successfully met the Central Bank of Nigeria’s N200 billion minimum capital requirement for national commercial banks.

It added: “Please be assured that we remain adequately equipped to serve and support you in the fulfilment of your financial goals and aspirations. “We are steadfast in our commitments to you and assure you that we will continue to provide best-in-class financial service solutions for both our corporate and retail clients.”