Standard Chartered Nigeria Explains SWIFTBIC Codes for International Transfers

Standard Chartered Nigeria Explains SWIFTBIC Codes for International Transfers

This article explains the SWIFT/BIC code for Standard Chartered Bank Nigeria, highlighting its crucial role in international money transfers. It provides a guide on how to use the code and answers frequently asked questions to ensure secure and efficient cross-border transactions. Understanding the correct SWIFT code is essential for successful remittances to and from Nigeria, avoiding delays and potential financial losses. This resource aims to simplify the process and provide clarity on using the Standard Chartered Bank Nigeria SWIFT code for global payments.

09/03/2025 International Settlement
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Jumia Expands Logistics in Nigeria to Lead Africas Ecommerce

Jumia Expands Logistics in Nigeria to Lead Africas Ecommerce

Jumia announced the expansion of its logistics services in Nigeria and plans to enter markets like Kenya, Ghana, and Senegal to enhance competitiveness and achieve profitability. Addressing the potential and challenges of the African e-commerce market, Jumia is building its logistics network, improving service levels, and optimizing operational efficiency. This strategy aims to tackle issues such as consumer affordability, infrastructure limitations, and market competition, ultimately solidifying its position within the e-commerce ecosystem. The expansion underscores Jumia's commitment to growth and market leadership in Africa.

01/04/2026 Logistics
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Nigeria Tops African Stock Markets Amid Divergent July Growth

Nigeria Tops African Stock Markets Amid Divergent July Growth

African stock markets showed mixed performance in July. The Nigerian stock market led the gains with a 16.56% increase, while the South African stock market rose by 2.28%, although Rand depreciation may pose challenges. Mauritius and Kenya also recorded growth. Investors should pay attention to the economic differences between countries and make cautious decisions.

07/31/2025 Exchange Rate Query
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WCO Symposium in Nigeria Stresses Customs Disaster Relief Role

WCO Symposium in Nigeria Stresses Customs Disaster Relief Role

The World Customs Organization (WCO) held a multi-regional workshop in Nigeria, focusing on the critical role of customs in disaster relief. The meeting highlighted the importance of customs in facilitating trade, ensuring supply chain continuity, and collaborating with various stakeholders to provide rapid assistance. The aim was to enhance the emergency preparedness and response capabilities of customs administrations.

12/30/2025 Customs Knowledge
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Nigeria Customs Boosts Efficiency with Wcobacked HS Code Reform

Nigeria Customs Boosts Efficiency with Wcobacked HS Code Reform

The World Customs Organization (WCO), in collaboration with the European Union, held a high-level workshop in Nigeria to enhance the Nigeria Customs Service (NCS)'s expertise in Harmonized System (HS) coding. Through a combination of theoretical and practical training, the workshop aimed to improve the accuracy of customs officials in classifying goods, thereby promoting trade facilitation and injecting new vitality into Nigeria's economic development. This initiative is crucial for ensuring efficient customs procedures and boosting international trade competitiveness.

01/05/2026 Customs Knowledge
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WCO HMRC Aid Nigeria Customs in Trade Efficiency Boost

WCO HMRC Aid Nigeria Customs in Trade Efficiency Boost

A WCO project is assisting the Nigeria Customs Service in optimizing document review and risk control. Drawing on South African experience, Nigeria Customs will update its manual strategies to enhance trade facilitation. This initiative aims to streamline customs procedures, improve efficiency, and reduce delays in cross-border trade. By implementing best practices and leveraging international cooperation, Nigeria Customs seeks to strengthen its risk management capabilities and promote a more secure and efficient trading environment.

01/05/2026 Customs Knowledge
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