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 a final banking licence before commencing operations. Three days ago DAILY POST reported that JP Morgan made a $38 million deposit to CBN for its banking licence. BREAKING: JP Morgan gets CBN approval to establish bank in Nigeria
Politics
BREAKING: JP Morgan gets CBN approval to establish bank in Nigeria
Source: Daily Post
Open Original Source
Login to continue into the member area for this article.
Join the Conversation
Login to Comment