Five Nigerians approved for leadership roles at JPMorgan’s proposed Nigerian merchant bank
The Central Bank of Nigeria (CBN) has granted JPMorgan approval-in-principle to establish JPMorgan Merchant Bank Nigeria Limited, advancing the American financial services group’s expansion into Nigeria’s merchant banking sector. The regulator has also approved seven nominees for the proposed bank’s board and management, including five Nigerians whose professional backgrounds span financial markets, electronic trading, central…