JPMorgan to Open Merchant Bank in Nigeria by Year-End, Report Says

3-line summary

• JPMorgan plans to establish a merchant bank in Nigeria before the end of 2026, marking its entry into merchant banking in the country, according to a Business Insider Africa report cited by Investing.com. Dapo Olagunju, the bank's managing director for West Africa, confirmed the expansion plans.
• The report did not disclose capital requirements, licensing timeline, or investment size.

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