Skip to content
Naija & The News Friday, 23 October 2026
Business

Your Banking Options

The Central Bank of Nigeria has granted JPMorgan approval-in-principle to establish a merchant bank in Nigeria. JPMorgan is one of the world's largest financial institutions. The proposed subsidiary must meet regulatory requirements before commencing operations.

Tap to play. The video only loads when you press play. Pictures are AI-generated illustrations.
Key fact

The Central Bank of Nigeria has granted JPMorgan approval-in-principle to establish a merchant bank in Nigeria.

The Central Bank of Nigeria has granted JPMorgan approval-in-principle to establish a merchant bank in Nigeria. JPMorgan is one of the world's largest financial institutions. JPMorgan Merchant Bank Nigeria Limited must meet regulatory requirements.

JPMorgan deposited N50bn

This story is based on reporting by Punch, written in our own words and checked against that report before publishing. Spotted an error? Report it.

Get the day's top stories on WhatsApp
A short round-up, morning and evening. Free. Leave any time.
Join our Channel

Related stories

WhatsApp Channel

Get the day's top stories on WhatsApp

A short round-up, morning and evening. Free, and easy to leave.

The Morning Brief

Nigeria's news in five minutes, in your inbox. Launching soon: join the list to be first.

Free. Unsubscribe any time. See our Privacy Policy.