STANDARD Chartered Bank said on Thursday that it will move back into Nigeria, as the country seeks to rebuild its economy under civilian rule. Formation of the new wholly-owned subsidiary of Standard Chartered Bank marks a revival of its commercial banking operations in Nigeria. The bank opened its first Nigerian subsidiary in 1894, but saw its holding diluted to a 40% share in the late 1970s as the country nationalised most banks. The British bank pulled out of the west African powerhouse economy in 1996. The bank’s general manager for Africa, Gareth Bullock, said in a statement: “Nigeria is a vast country of rich resources and Standard Chartered looks forward to playing its role in providing trade, treasury and cash management business services to our corporate customers.”