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CBN Grants JPMorgan Approval-in-Principle to Establish Nigerian Merchant Bank

The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited. The proposed entry of one of the world’s leading financial institutions into Nigeria’s merchant banking sector marks a significant development for the country’s financial industry, reflecting growing […]

US Banking Giant JP Morgan Seeks Merchant Banking Licence in Nigeria

Global financial giant JP Morgan is set to expand its presence in Nigeria by converting its Lagos representative office into a fully operational business branch. According to a report by Africa Intelligence, the US banking powerhouse, which has maintained a presence in Nigeria since the 1980s, plans to apply for a merchant banking licence from […]

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