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Economy

Standard Chartered raises Nigeria’s inflation forecast to 15.5%

Standard Chartered Plc. expects the Central Bank of Nigeria to reduce interest rates by only 150 basis points in 2026. The bank said persistent inflationary pressures will likely force the apex bank to adopt a slower and more cautious monetary easing cycle than previously anticipated. Nairametrics reported that the revised outlook was disclosed by the […]

Standard Chartered initiates $1 billion share buyback
Investment

Standard Chartered secures $2.33bn for Tanzania’s rail project expansion

Standard Chartered has provided a $2.33 billion syndicated financing facility to support key sections of Tanzania’s Standard Gauge Railway project, marking a major milestone in East Africa’s infrastructure development drive. The financing was disclosed in a statement published on the bank’s website on Wednesday. It will support the construction of Lots 3 and 4 of […]

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Standard Chartered, UNICEF partner to secure 1500 jobs for Nigerian women

The Standard Chartered Foundation and UNICEF’s Generation Unlimited have announced a partnership to secure 1,500 decent jobs for young women in Nigeria and Kenya. The three-year initiative targets exclusively women aged 18 to 24 from underserved backgrounds. It supports UNICEF Generation Unlimited’s growing ecosystem of global and local partners through a public-private approach that has […]

Standard Bank projects $5.1bn capital inflows into Nigeria in Q2
Banking

Standard Chartered exits Cameroon, transfers banking operations to Access Bank

Standard Chartered has officially transferred its banking operations in Cameroon to Access Bank Cameroon, completing the final phase of its planned exit from the market. The move was confirmed in a statement issued on December 5, 2025. The deal forms part of Standard Chartered’s wider strategy to streamline its presence in sub-Saharan Africa, following previous […]

Standard Bank projects $5.1bn capital inflows into Nigeria in Q2
News

Standard Bank projects $5.1bn capital inflows into Nigeria in Q2

Standard Bank in its report projects that the second quarter of 2024 is expected to see a significant $5.1 billion in funding inflows into the Nigerian economy. According to the report, Standard Bank forecast foreign inflows worth $5.05 billion into the country from a Eurobond sale and the Nigerian National Petroleum Corporation crude payment facility […]

News

Standard Chartered, Lagos Food Bank partner to support 300 families

Standard Chartered Bank has collaborated with the Lagos Food Bank Initiative to sort, pack, and distribute food and dental hygiene boxes to support 300 less privileged and vulnerable families. The Bank said that the initiative, aimed at tackling hunger, had shown its commitment to supporting communities where it did business, according to The Punch. The […]

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