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Global financial giant JP Morgan Chase's planned expansion into Nigeria's merchant banking sector could attract fresh foreign investments and strengthen the country's access to international capital markets.
The Central Bank of Nigeria has granted JP Morgan approval to establish a merchant bank in Nigeria, according to multiple sources.
In a notable recognition of its sterling performance, RMB Nigeria has been awarded the Merchant Bank of the Year award by THISDAYLIVE.
According to reports, J.P. Morgan is planning to establish a merchant bank in Nigeria before the end of the year.
