# Standard Chartered Bank Nigeria > Financial Institutions, Commercial Banks **Wikidata**: [Q110925850](https://www.wikidata.org/wiki/Q110925850) **Source**: https://4ort.xyz/entity/standard-chartered-bank-nigeria ## Summary Standard Chartered Bank Nigeria is a commercial bank and financial institution operating in Nigeria as a subsidiary of Standard Chartered PLC. It provides banking services including deposit-taking, lending, and financial intermediation, with its headquarters located in Lagos State. ## Key Facts - **Parent Organization**: Standard Chartered PLC. - **Headquarters**: Lagos State, Nigeria. - **Coordinates**: Latitude 9.05637327598797, Longitude 7.484806959908074. - **Website**: [https://www.sc.com/ng/](https://www.sc.com/ng/) (English). - **Instance Of**: - Financial institution (per Central Bank of Nigeria). - Bank (per Standard Chartered and CBN). - **Industry**: Bank operations. - **Wikidata Description**: Financial Institutions, Commercial Banks. - **Aliases**: Standard Chartered Nigeria. ## FAQs **What is Standard Chartered Bank Nigeria?** Standard Chartered Bank Nigeria is a commercial bank and financial institution operating in Nigeria, offering services such as deposit-taking, lending, and financial intermediation. It is a subsidiary of Standard Chartered PLC, a global banking group. **Where is Standard Chartered Bank Nigeria headquartered?** The bank's headquarters is located in Lagos State, Nigeria, at coordinates 9.05637327598797 (latitude) and 7.484806959908074 (longitude). **What services does Standard Chartered Bank Nigeria provide?** As a commercial bank, it provides core banking services, including accepting deposits, offering loans, and acting as a financial intermediary. It operates under the regulatory framework of the Central Bank of Nigeria. **Is Standard Chartered Bank Nigeria part of a larger organization?** Yes, it is a subsidiary of Standard Chartered PLC, a multinational banking and financial services company headquartered in London, United Kingdom. ## Why It Matters Standard Chartered Bank Nigeria plays a crucial role in Nigeria's financial sector by providing essential banking services to individuals, businesses, and institutions. As part of the Standard Chartered group, it contributes to the stability and growth of Nigeria's economy by facilitating financial transactions, offering credit, and supporting trade and investment. Its presence in Nigeria also strengthens the country's integration into the global financial system, enabling cross-border transactions and international business operations. ## Notable For - **Global Affiliation**: Operates as a subsidiary of Standard Chartered PLC, a leading international banking group. - **Regulatory Compliance**: Recognized as a financial institution and bank by the Central Bank of Nigeria (CBN). - **Strategic Location**: Headquartered in Lagos State, Nigeria’s commercial and financial hub. - **Comprehensive Banking Services**: Offers a full range of commercial banking services, including deposits, loans, and financial intermediation. - **Digital Presence**: Maintains an official website ([sc.com/ng](https://www.sc.com/ng/)) for customer engagement and service delivery. ## Body ### Overview and Classification Standard Chartered Bank Nigeria is classified as a **financial institution** and a **commercial bank**, operating under the regulatory oversight of the Central Bank of Nigeria (CBN). It is an instance of both a **bank** and a **financial institution**, providing core services such as deposit-taking, lending, and financial intermediation. The bank is part of the broader **bank operations** industry, which includes activities related to managing financial transactions, credit, and savings. ### Parent Organization and Global Affiliation The bank operates as a subsidiary of **Standard Chartered PLC**, a multinational banking and financial services company headquartered in London, United Kingdom. This affiliation provides Standard Chartered Bank Nigeria with access to global banking networks, expertise, and resources, enhancing its ability to serve customers in Nigeria and facilitate international transactions. ### Headquarters and Location The headquarters of Standard Chartered Bank Nigeria is located in **Lagos State**, Nigeria’s primary commercial and financial center. The exact coordinates of its head office are: - **Latitude**: 9.05637327598797 - **Longitude**: 7.484806959908074 This strategic location allows the bank to effectively serve its customers and engage with Nigeria’s dynamic business environment. ### Digital Presence and Customer Engagement Standard Chartered Bank Nigeria maintains an official website at [https://www.sc.com/ng/](https://www.sc.com/ng/), which serves as a platform for customer engagement, service delivery, and information dissemination. The website is available in English and provides details on the bank’s products, services, and corporate information. ### Regulatory and Industry Context As a financial institution operating in Nigeria, Standard Chartered Bank Nigeria is subject to the regulatory framework established by the **Central Bank of Nigeria (CBN)**. The CBN oversees the banking sector to ensure stability, transparency, and compliance with financial regulations. The bank’s classification as a **commercial bank** aligns with the CBN’s definitions and requirements for banking institutions in Nigeria. ### Role in Nigeria’s Financial Sector Standard Chartered Bank Nigeria contributes to the stability and growth of Nigeria’s financial sector by providing essential banking services. These services include: - **Deposit-Taking**: Accepting deposits from individuals and businesses, ensuring the safekeeping of funds. - **Lending**: Providing loans and credit facilities to support personal, commercial, and industrial activities. - **Financial Intermediation**: Facilitating the flow of funds between savers and borrowers, which is critical for economic development. ### Global and Local Integration As part of the Standard Chartered group, the bank plays a role in integrating Nigeria’s financial system with global markets. This integration supports international trade, investment, and financial transactions, contributing to Nigeria’s economic development and participation in the global economy. ### Aliases and Identification The bank is also known by the alias **Standard Chartered Nigeria**, reflecting its association with the broader Standard Chartered brand. This alias is used in various contexts, including digital platforms and regulatory documentation. ### Verification and References The bank’s classification and operational details are verified through multiple sources, including: - The **Central Bank of Nigeria (CBN)** website, which lists Standard Chartered Bank Nigeria as a licensed financial institution. - The bank’s official website, which provides information on its services, locations, and corporate structure. - Geographic references, such as Google Maps, which confirm the location of the bank’s headquarters in Lagos State. ## References 1. [Source](https://www.cbn.gov.ng/supervision/Inst-DM.asp) 2. [Source](https://www.sc.com/ng/) 3. [Source](https://www.sc.com/en/our-locations/#africa) 4. [Source](https://www.google.com/maps/search/standard+chartered+bank+nigeria+head+office/@9.0520928,7.4634351,14z/data=!3m1!4b1)