BREAKING: JP Morgan gets CBN approval to establish bank in Nigeria
Why This Matters
Key context: <img width="768" height="502" src="https://dailypost.ng/cms-api/media/file/JP-morgan-768x502.png" class="webfeedsFeaturedVisual wp-post-image" alt="JP morgan 768x502" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" srcset="https://dailypost.ng/cms-api/media/file/JP-morgan-768x502.png 768w" sizes="(max-width: 768px) 100vw, 768px" /><p>The Central Bank of Nigeria, CBN, has granted JP Morgan approval-in-principle to establish a merchant bank in Nigeria after receiving a deposit of $38 million. CBN made this disclosure in a statement on Friday. The apex bank said the proposed lender, to be known as JPMorgan Merchant Bank Nigeria Limited, will be required to obtain […]</p> <p><a href="https://dailypost.ng/2026/10/23/breaking-jp-morgan-gets-cbn-approval-to-establish-merchant-bank-in-nigeria-after-38m-deposit/">BREAKING: JP Morgan gets CBN approval to establish bank in Nigeria</a></p> This development from dailypost.ng highlights ongoing changes in the sector.
The Central Bank of Nigeria, CBN, has granted JP Morgan approval-in-principle to establish a merchant bank in Nigeria after receiving a deposit of $38 million. CBN made this disclosure in a statement on Friday. The apex bank said the proposed lender, to be known as JPMorgan Merchant Bank Nigeria Limited, will be required to obtain […] BREAKING: JP Morgan gets CBN approval to establish bank in Nigeria
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