CBN grants JP Morgan approval-in-principle to set up merchant bank
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The Central Bank of Nigeria has granted approval-in-principle to JP Morgan. This allows the entity to establish a merchant bank in Nigeria. The bank plans to provide wholesale banking and capital markets services. It will also offer advisory services. Michael Akuka announced the news in a statement on Friday.
JP Morgan Merchant Bank Nigeria Limited plans to run wholesale banking, capital markets and advisory services, Michael Akuka, the CBN’s director of corporate communications and investor relations, said in a statement on Friday. The post CBN grants JP Morgan approval-in-principle to set up merchant bank appeared first on Premium Times Nigeria .