Policy·October 21, 2026 at 8:40 AM EDT·1 source
JPMorgan closes in on Nigeria merchant banking license
JPM -1.5%
JPM · last 30 trading days-1.1% since the news
News
What happened
- JPMorgan is nearing a merchant banking license in Nigeria.
- The license could strengthen Nigeria’s investment banking sector as the country seeks more foreign capital.
Why it matters
A Nigerian license could expand JPMorgan’s investment banking presence and affect competition for foreign-capital mandates in the country.
What to watch. Whether JPMorgan secures the merchant banking license.
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Timeline
- EarlierOct 19JPMorgan Brings Deposit Token JPM Coin to Ethereum for Institutional Clients
- EarlierOct 19Saudi Arabia to postpone in-person ‘Davos in the desert’ event after Houthi attacks
- EarlierOct 20Ocado Rally Tipped to Extend as JPMorgan Sets Street-High Target
- EarlierOct 20JPMorgan Asset Sees Bitcoin Beating Stocks, But With a Catch
- First reported by SemaforOct 21JPMorgan closes in on Nigeria merchant banking license
Sources (1)
Related
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- Oct 20 · JPMorgan Asset Sees Bitcoin Beating Stocks, But With a Catch
- Oct 19 · JPMorgan Brings Deposit Token JPM Coin to Ethereum for Institutional Clients
- Oct 19 · Saudi Arabia to postpone in-person ‘Davos in the desert’ event after Houthi attacks
- Oct 20 · Ocado Rally Tipped to Extend as JPMorgan Sets Street-High Target
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