Standard Chartered Set To Close Half Of Nigeria Branches
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Standard Chartered is instead strengthening mobile banking and recruiting agents to reach new customers and handle cash deposits and withdrawals across Africa’s biggest economy, said the people, who asked not to be identified because they aren’t authorised to speak publicly.
Standard Chartered has focused on corporate banking since establishing a presence in Nigeria in 1999. But it’s recently looked to expand its retail base and outlined a target in 2019 to grow the number of its customers fivefold from 100,000 in about two years by using digital technology to onboard clients faster. jamb results
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