Economy
US largest bank JPMorgan secures initial approval for Nigerian merchant bank after $38 million capital deposit
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…
Business Insider AfricaBy Ayodeji Adegboyega
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Read at Business Insider Africa →Original headline: “US largest bank JPMorgan secures initial approval for Nigerian merchant bank after $38 million capital deposit”
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