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JP Morgan to secure Nigerian banking licence after N50 billion deposit with CBN – Report

JP Morgan to secure Nigerian banking licence after N50 billion deposit with CBN – Report

American multinational banking institution JP Morgan Chase & Co. is on track to obtain a banking licence in Nigeria, having deposited N50 billion ($38 million) with the Central Bank of Nigeria (CBN), Bloomberg reported Tuesday, citing sources with knowledge of the matter. Paying the deposit marks pa...

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Verified on Oct 20, 2026

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