✉news BusinessBanking first seen 3 d ago, last 2 d ago, peak #30
JPMorgan Moves Closer to Nigerian Banking License
Original: JPMorgan Gets Closer to Clinching Nigerian Banking License
JPMorgan is reported to be closer to securing a banking license in Nigeria, a step that would deepen the largest US bank's footprint in Africa's most populous economy. The report offers no further details on timing or the type of license sought. Nigerian regulators have in recent years opened the door wider to foreign lenders, and entry by a major global bank would be a notable vote of confidence in the country's financial sector.
Why now: A major US bank expanding into Nigeria signals growing foreign interest in the country's banking market.
Evidence
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