US largest bank JPMorgan secures initial approval for Nigerian merchant bank after $38 million capital deposit
Source ↗
👁 1
💬 0
The Central Bank of Nigeria has granted JPMorgan approval-in-principle to establish a merchant bank, moving the largest US bank closer to expanding its decades-old presence in Africa’s most populous country. The proposed institution will be called JPMorgan Merchant Bank Nigeria Limited and will be led by Adedapo Olagunju, the bank’s managing director for West Africa.
Comments (0)