Standard Chartered to End Personal Banking, Launch New Segment

Standard Chartered Bank Nigeria has confirmed plans to shut down its Personal Banking segment as part of a restructuring effort to introduce a new Emerging Affluent segment targeting higher-value clients.

The bank revealed the development following reports that it was streamlining operations to focus on high-net-worth and upper-middle-income customers.

"As mentioned in our recent email, we are restructuring our services and will be closing the Personal Banking segment while introducing the Emerging Affluent segment.

"To continue enjoying our services, please ensure your Assets Under Management (AUM) meet the new minimum balance requirement of N7.5 million or its equivalent by 28 February 2026. Accounts that do not meet this requirement by the deadline will be closed," the bank said.

The bank further advised customers unable to meet the new threshold to transfer their funds to another financial institution or visit any of its branches for assistance.

Meanwhile, the lender announced that it has already met the Central Bank of Nigeria’s (CBN) N200 billion minimum capital requirement for national commercial banks, well ahead of the 2026 deadline.

In a statement, Chief Executive Officer (CEO) of Standard Chartered Bank Nigeria Limited, Dalu Ajene, described the milestone as a sign of the bank’s long-term commitment to Nigeria.

"Delivering on the CBN’s recapitalisation 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," he said.

SAGE Nexus Hub CEO Pushes AI Awareness, Unveils Plans to Train 500 Bayelsa Youths

SAGE Nexus Hub founder, Onowode Tobore Derick, has restated his commitment to equipping young people across Bayelsa State with digital and innovation skills, insisting that technology is “ the now big thing ” and young creatives must seize the opportunities it offers. Speaking on Tuesday at the Bayelsa Creatives Converse (BCC) 2.0, held at the Banquet Hall in Yenagoa, Tobore announced the progress of the ongoing TechForward Bayelsa programme, an initiative aimed at training 500 young people in digital skills by the end of 2026. He said the first cohort of 50 participants had successfully completed their training, with another 50 set to resume in January 2026. The programme, he noted, covers artificial intelligence, digital marketing, software engineering, graphic design and a range of emerging tech skills. Tobore explained that the training sits at the heart of SAGE Nexus Hub’s wider mission of nurturing the next generation of innovators. The Yenagoa-based hub provides co-working ...

Bayelsa Acquires Two Aircraft for Commercial Operations

Bayelsa State has taken a major step towards boosting air travel and economic activity as it acquires two aircraft for commercial flight operations at the Bayelsa International Airport . Governor Douye Diri disclosed the acquisition on Monday when he received the Prime Minister of the State of Africa in Diaspora , Dr. Tin Louise-George , at Government House, Yenagoa , during his maiden visit to Nigeria . Diri stated that the aircraft, already procured by the state government, would soon arrive and begin daily flights between Yenagoa, Lagos , and Abuja , adding that the move was aimed at making the state-owned airport more viable and self-sustaining. " We are working on ensuring regular, daily flights from Yenagoa to Lagos and Abuja. We had an arrangement with a private airline that became unsustainable, leaving the airport underutilised. Now, we have taken the bull by the horn. Two aircraft have been acquired and will soon begin commercial operations ," the Governor said. A...

New Recruits in Bayelsa Information Ministry Told to Embrace Professionalism

The Bayelsa State Commissioner for Information, Orientation and Strategy, Hon Mrs Ebiuwou Koku-Obiyai, has charged newly recruited Information Officers to approach their roles with professionalism, integrity and unwavering commitment to public service. Addressing the fresh employees on Friday during her maiden meeting with them in Yenagoa, Koku-Obiyai said their appointment was a demonstration of the state government’s resolve to strengthen its information machinery and ensure a more effective, result-driven public service. Describing the opportunity as a rare privilege, she urged the recruits to justify the confidence reposed in them by embracing diligence, discipline and a strong work ethic, while warning that the Ministry would not tolerate lateness, absenteeism or any form of indiscipline. The Commissioner further revealed plans to introduce in-house training, particularly in areas such as Public Relations and media engagement, to enhance their capacity and performance. Also speaki...

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