JPMorgan nears Nigeria launch after central bank deposit and initial approval

Reports say JPMorgan received initial approval from Nigeria's central bank for a merchant bank after a $38 million capital deposit. Bloomberg describes the launch as near, not complete.

Timeline

1. 24 Oct, 01:30 UTCFirst appeared on Google Trends
2. 24 Oct, 01:30 UTCInitial approval after $38M deposit reported
3. 24 Oct, 01:30 UTCBloomberg covers JPMorgan Nigeria launch

Top sources

• cbnGoogle Trends
• US largest bank JPMorgan secures initial approval for Nigerian merchant bank after $38 million capital depositBusiness Insider Africa
• CBN Approves JPMorgan’s Proposed Entry into Nigeria’s Merchant Banking SectorProshare