CBN grants JPMorgan approval to establish merchant bank in Nigeria

The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited. Announcing the approval on Friday, Michael Akuka, Director of the Corporate Communications and Investor Relations Department at the CBN, said the development came amid sustained reforms aimed […]