JPMorgan Deposits ₦50 Billion with CBN for Nigerian Merchant Banking License
U.S. banking powerhouse JPMorgan Chase has deposited ₦50 billion ($38M) with the Central Bank of Nigeria as it clears final regulatory hurdles to launch a merchant bank before the end of 2026. In a significant vote of confidence for Nigeria's financial reforms, global banking giant JPMorgan Chase & Co. has deposited ₦50 billion (~$38 million) with the Central Bank of Nigeria (CBN) as part of final requirements to secure a […]
