CBN grants JPMorgan preliminary approval to establish merchant bank

By Emmanuella Opara | October 25th 2026 KEY POINTS MAIN STORY The Central Bank of Nigeria has granted JPMorgan approval-in-principle to establish a merchant bank in Nigeria, paving the way for the American financial institution to expand its presence in the country’s financial sector. The proposed institution, JPMorgan Merchant Bank Nigeria Limited, will be required … Continue reading CBN grants JPMorgan preliminary approval to establish merchant bank