JPMorgan moves toward Nigerian merchant-banking licence after ₦50 billion deposit
Bloomberg, cited by Premium Times, reported that JPMorgan deposited ₦50 billion with the Central Bank of Nigeria as part of regulatory steps toward a merchant-banking licence.
- Publish date: 2026-10-20
- Category: Standards & Policy
- Original source: Premium Times
- Reading time: 1 min read
JPMorgan moves toward Nigerian merchant-banking licence after ₦50 billion deposit
Bloomberg, cited by Premium Times, reported that JPMorgan deposited ₦50 billion with the Central Bank of Nigeria as part of regulatory steps toward a merchant-banking licence.
The report cited unnamed sources because the process remains private. The proposed expansion would widen JPMorgan’s presence in payments, lending, trade finance and corporate banking in Nigeria.