Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Politics

Standard Chartered Bank denies Adam Oshiomhole’s claim

Fakoyejo Olalekan by Fakoyejo Olalekan
September 6, 2019
in Politics
adams
Share on FacebookShare on TwitterShare on Linkedin

Hours after Standard Chartered Bank has refuted the claim, stating that it is not owned by a South African company.Adams Oshiomhole listed Standard Chartered Bank as one of the South African companies operating in Nigeria,

The lender in a statement sent to Nairametrics admitted that it’s a foreign owned organisation, but its parent company is a British group and not Southern African based. The company has it headquarter in London, United Kingdom.

What happened: Oshiomole, the National Chairman of Nigeria’s ruling party, All Progressive Congress (APC) called for the Nationalisation of South African Companies in Nigeria. He made this remark at a party event in the wake of the Xenophobic attack on Nigerians and other Africans in South Africa.

RelatedPosts

Nigeria has 11 million more votes than all registered voters of 14 West African nations- INEC

Nigerian Youth lead PVC registrations with 6,081,456 registrations – INEC

He called for the boycott of MTN Nigeria, Shoprite, and other South African companies, urging the government to nationalise them including Stanbic IBTC and Standard Chartered Bank which he referred as a South African company.

[READ ALSO: Shoprite optimistic amid worst first-half performance]

According to Standard Chartered, Oshiomhole’s statement is a misrepresentation of their identity. Standard Chartered has been in operation for over 150 years, and has its shares listed in London, Hong Kong and Mumbai (India), but earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East.

In the statement, Standard Chartered said, “Standard Chartered Bank Nigeria Limited is fully owned by Standard Chartered Plc, a British group. Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world’s most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East.”

Why the confusion? Standard Chartered Bank was formed by the merger of two banks; the Standard Bank which was founded in Cape province of South Africa in 1862 and the Chartered Bank of India, Australia and China, which was founded by a Scottish, James Wilson, in 1853.

The merger formed Standard Chartered Bank. The company now has about 87,000 staff across the world, representing 130 nationalities. It has no branches in UK, but its headquarters are in London.

[READ ALSO: The deal that helped Lafarge stock gain 18% in less than a week.]

Related

Tags: Adams OshiomholeAll Progerssive CongressStandard Chartered Bank

Comments 2

  1. Tony says:
    September 7, 2019 at 3:39 pm

    What is all this conversation about?

    Do we have the facts at all?

    Did you know that IBTC was set up by a 33 year old in 1989?

    Today Stanbic IBITC employs over 4000 staff.

    This company has over 90% Nigerians on her board

    100% Nigerians on her subsidiary boards.

    Equal opportunity employer..

    Reply
  2. Oladimeji Samuel says:
    September 7, 2019 at 4:40 pm

    I wonder what this conversation is all about, as it’s obvious the facts are not being gotten right at all.
    For the records;

    IBTC was set up by a 33 year old in 1989.

    Today Stanbic IBTC employs over 4000 staff, with over 90% Nigerians on her board!
    100% Nigerians on her subsidiary boards.

    It is not a cliche to say that Stanbic is an equal opportunity employer..it is the fact.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • NAICOM revokes operational licenses of Niger Insurance, Standard Alliance Insurance
    • KPMG makes Metaverse entry as it invests $30 Million in Web3 employee training
    • EFCC says landlords letting houses to internet fraudsters risk 15 years in jail

    Follow us on social media:

    Recent News

    NAICOM

    NAICOM revokes operational licenses of Niger Insurance, Standard Alliance Insurance

    June 28, 2022
    Nigerian economy is on a slippery slope of recovery, KPMG discloses  

    KPMG makes Metaverse entry as it invests $30 Million in Web3 employee training

    June 28, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com