# 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.

- **Source date:** 2026-10-20
- **Original source:** [Premium Times](https://www.premiumtimesng.com/business/business-news/918497-jp-morgan-to-secure-nigerian-banking-licence-after-n50-billion-deposit-with-cbn-report.html)
- **Reading time:** 1 min read
- **Language:** English
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## 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.

[Premium Times](https://www.premiumtimesng.com/business/business-news/918497-jp-morgan-to-secure-nigerian-banking-licence-after-n50-billion-deposit-with-cbn-report.html)

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