✉news BusinessBanking first seen 5 d ago, last 4 d ago, peak #1
JPMorgan Nears Nigeria Launch After Central Bank Deposit
Original: JPMorgan Nears Nigeria Launch After Deposit With Central Bank
JPMorgan is moving closer to launching operations in Nigeria after making a deposit with the Central Bank of Nigeria, a key regulatory step toward receiving a banking licence. The move would make JPMorgan one of the few major US banks with a direct presence in Africa's largest economy, where foreign banks have shown renewed interest amid ongoing economic reforms.
Why now: A major US bank expanding into Nigeria signals growing international confidence in the country's economy.
JPMorganCentral Bank of NigeriaNigeria
Evidence
- JPMorgan Nears Nigeria Launch After Deposit With Central Bank · Bloomberg.com
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