Nigerian Economy

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Background

Business

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 […]

todayOctober 22, 2026

Business

Global Demand: Dangote Refinery IPO Attracts Investors Across 90+ Countries, 51 African Nations

The ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals has drawn unprecedented global demand, attracting subscriptions from investors in over 90 countries and 51 African nations. Read the full financial breakdown and market update. In a historic milestone for African capital markets, Dangote Petroleum Refinery & Petrochemicals has announced that its ongoing Initial Public Offering (IPO) has achieved massive global participation, receiving subscriptions from retail and institutional […]

todayOctober 19, 2026

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