JP Morgan’s Nigeria expansion to boost foreign investment — IMPI

By Joseph Erunke, Abuja
The Independent Media and Policy Initiative (IMPI) has said the planned expansion of global financial giant JP Morgan Chase into Nigeria’s merchant banking sector could attract fresh foreign investments, improve corporate financing and strengthen the country’s access to international capital markets.
The policy think tank said the American financial institution’s application for a national merchant banking licence was a significant endorsement of Nigeria’s investment prospects and could encourage more multinational corporations to commit long-term capital to the country.
In a policy statement signed by its Chairman, Dr Omoniyi Akinsiju, IMPI said the proposed...