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J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 (8894 Views)

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Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by anonymous1759(m): 11:23pm On Oct 09
Threads like this are like plaque to the sons and daughters of perdition. grin Agba Logic is dealing with them ruthlessly.
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by Die009: 11:25pm On Oct 09
chase bank if you done chop am or want to chop am like
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by DarkkManB: 11:49pm On Oct 09
Parachoko:
JP Morgan is the name of a Bank
wow, I thought Morgan was a name of a person
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by Ahmeduana(m): 12:32am On Oct 10
Is that part of the agreement reached AMODA SANGODELE? grin
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by AlphaTaikun: 1:23am On Oct 10
Namaster:
J.P. Morgan’s plan to establish a merchant bank in Nigeria signals growing confidence in the country’s economic outlook.

J.P. Morgan’s plan to establish a merchant bank in Nigeria signals growing confidence in the country’s economic outlook and the potential for more high-value transactions, according to financial analysts.

The proposed merchant bank, expected to commence operations before the end of 2026 subject to regulatory approval, could deepen financing for Nigerian businesses, strengthen capital market activities and introduce international expertise into the country’s financial services industry.

Ayodeji Ebo, chief executive officer of MDU Capital, said the decision suggests that J.P. Morgan sees increasing opportunities for transactions in Nigeria and is becoming more confident about the country’s economic prospects.

“For a merchant bank, there are more high-end transactions, not the retail deposit likes, and also structured transactions,” Ebo said.

He said the planned expansion points to improving economic activity and growing confidence in Nigeria, adding that the presence of an international financial institution of J.P. Morgan’s scale could also provide opportunities for local market participants to learn from its experience.

According to Ebo, the move further reinforces the positive outlook on Nigeria’s economy, particularly as foreign companies consider establishing or expanding their operations in the country.


Ayokunle Olubunmi, head of Financial Institutions Ratings at Agusto & Co., said the development reflects renewed interest in Nigeria’s market among international investors, particularly against the backdrop of changes in key macroeconomic indicators.

Olubunmi noted that J.P. Morgan’s plan was not entirely new, as the bank had announced its intention to establish a merchant banking presence in Nigeria about one or two years ago.

He said the entry would be positive for the banking industry, given the international bank’s experience operating across markets at different stages of development.

According to him, that experience could improve the quality of financial services and products available to Nigerian businesses while strengthening the capacity of the domestic banking sector to support complex transactions.

He added that the proposed subsidiary could also help facilitate financing for large-ticket transactions that may exceed its local balance sheet capacity, potentially drawing on the resources of J.P. Morgan’s wider global operations.


This could expand funding options for businesses undertaking major investments and transactions, although the extent of the impact would depend on the bank’s eventual operating model and the scale of its Nigerian operations.

Dapo Olagunji, managing director of J.P. Morgan West Africa, announced the plan at the Nigeria–Asia Financial Connectivity Dialogue in Singapore, convened by the Central Bank of Nigeria in partnership with J.P. Morgan, Nigerian Exchange Group and FMDQ Group.

The proposed merchant bank is expected to deepen J.P. Morgan’s presence in Nigeria and strengthen its links with local businesses and the country’s capital markets. Its launch remains subject to the completion of the relevant regulatory approval process.


The announcement follows earlier engagements between the bank and Nigerian authorities. In January 2025, a delegation led by Olagunji met with Wale Edun, then minister of finance and coordinating minister of the economy, at the ministry’s headquarters in Abuja.

J.P. Morgan has also maintained a connection with Nigeria’s domestic debt market through its government bond indices. The country was first admitted into the bank’s Government Bond Index in October 2012, following the development of an active domestic Federal Government bond market supported by market makers, a two-way quote system and a broad investor base.

More recently, J.P. Morgan included Nigeria in its Government Bond Index–Emerging Markets Edge, assigning the country a 7.4 percent weighting in the benchmark, which tracks local-currency government debt across frontier emerging markets.


The planned merchant bank adds another dimension to the international financial institution’s engagement with Nigeria, potentially linking its global financing capabilities more directly with domestic businesses and capital market opportunities.

However, analysts’ assessment of the move as a sign of improving confidence should not be mistaken for a guarantee of stronger economic performance.

The actual benefits will depend on the transactions the bank undertakes, the financing it makes available and the broader business environment in which it operates.


Sources:
https://businessday.ng/business-economy/article/jpmorgans-nigeria-expansion-signals-confidence-in-improving-economic-outlook/

https://www.thecable.ng/j-p-morgan-to-open-merchant-bank-in-nigeria-before-end-of-2026/
That's highly impressive coming from the LARGEST international bank in the United States even though they have a West African office already coordinating their activities. It CLEARLY shows legit international investors' confidence in the financial sector and some positive macroeconomic reforms in Nigeria. Indeed, J.P. Morgan has a top-notch private banking division which caters to the legitimate needs of certified investors or clients as well in addition to those of other international banks such as Citi Group, Bank of America, UBS, etc.
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by ATL0147: 1:36am On Oct 10
Parachoko:
JP Morgan is the name of a Bank
Chase bank
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by thunderbabs: 3:01am On Oct 10
These intl corporations don't wish you well. Always shady. Always acting as fronts
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by anonimi: 3:36am On Oct 10
IAM4BAT4plus4:
When you see a President who loves his nation and people..
The signs and wonders that will be happening will be massive
More power to our beloved Jagaban...
More investment for Nigeria
4plus4 is not negotiable
Random events like this do not affect the overall failure of the balablu bulaba incompetent town hall clown, whose lease of Aso Rock expires next year.

anonimi:
May Day: Hunger, unemployment, insecurity real— Tinubu

According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”

On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.

Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/
@@@@@@@@@@@@

anonimi:
July 29, 2026

Nigeria loses 47% of dollar millionaires, retains 4th position in Africa

Nigeria has lost nearly half of its dollar millionaires over the past decade, with the population of high-net-worth individuals falling by 47 per cent between 2015 and 2025, according to the 2025 Africa Wealth Report by Henley & Partners in collaboration with New World Wealth.

Despite the sharp erosion in private wealth, Nigeria retained its position as Africa’s fourth-largest hub for dollar millionaires, with 7,200 millionaires, 20 centi-millionaires (individuals with investable wealth of at least $100 million) and three billionaires, trailing only South Africa, Egypt and Morocco.

The report showed that South Africa remained the continent’s wealthiest country by number of dollar millionaires, with 41,100 millionaires, 112 centi-millionaires and eight billionaires. Egypt followed with 14,800 millionaires, 49 centi-millionaires and seven billionaires.

https://www.vanguardngr.com/2026/07/nigeria-loses-47-of-dollar-millionaires-retains-4th-position-in-africa/

Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by anonimi: 3:47am On Oct 10
Ahmeduana:
Is that part of the agreement reached AMODA SANGODELE? grin
The mysterious man whose Bola is without a prefix nor a suffix.
The nebulous man who went to Chicago without primary nor secondary education, just to be Reno’s drug lord.
Why did he choose the name of a notorious slave trader Tinubu instead of Mogaji, the mother’s name?






https://www.youtube.com/watch?v=7DLrnL6rQ6M?si=uMMUVFfetODTr4Fw



Racoon:
Festus Keyamo Defends Tinubu From Drug Trafficking, Says Tinubu Mistakenly Shared Flats With Drug Lords

The Minister of State for Labour and Employment, Mr Festus Keyamo, has distanced the All Progressive Congress presidential candidata, Bola Tinubu, from being a drug baron who was involved in the traffic of narcotics in the United States.

Keyamo, who also doubles as APC Presidential Campaign spokesperson, noted that the former governor of Lagos State only shared a block of flat with drug barons about 30 years ago in the US.

His reaction is coming following documents of a Chicago District Court indicting and convicting Tinubu of drug dealings and money laundering in 1993.

The document which emerged online two days ago, described APC standard-bearer as a drug baron, adding that Tinubu entered a plea bargain, leading to the forfeiture of his assets to US authorities in 1993

It was also pointed out that Tinubu forfeited the sum of $460, 000 dollars in his bank account at First Heritage Bank to the US government.

Speaking on Wednesday on Channels TV, Mr Keyamo dismissed such claims, insisting that Tinubu was linked to drug peddlers who were his neighbours.

He said: “What happened was that Tinubu went to open an account. The address which he used in opening the account was the address used by these people. I think some blocks of flats. Maybe, he was happy to be in that block of flats too.

“So, they now link it that the other people they were investigating for narcotics are in the same address used by Asiwaju to open that account.’’

https://www.thenigerianvoice.com/news/313805/festus-keyamo-defends-tinubu-from-drug-trafficking-says-tin.html
 
U.S. court judgement indicts Tinubu for drug trafficking

https://www.google.com/amp/s/businessday.ng/amp/news/article/u-s-court-judgement-indicts-tinubu-for-drug-trafficking/

US Court Releases Documents Linking Tinubu to Largescale Drug Peddling

https://fij.ng/article/us-court-releases-documents-linking-tinubu-to-largescale-drug-peddling/

Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by anonimi: 3:51am On Oct 10
anonymous1759:
Threads like this are like plaque to the sons and daughters of perdition. grin Agba Logic is dealing with them ruthlessly.
How many sons of perdition can you see in this video of extreme poverty paupers, who are being dealt with ruthlessly by Agba logic’s incompetent cluelessness and corruption huh




https://www.youtube.com/watch?v=zYltMapDyIo?si=0-hO0Vt5C9uBxVd1

Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by olumaxi(m): 4:07am On Oct 10
Na person weh get money go get account
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by Funkyswagzz(m): 5:35am On Oct 10
Jayhome24:
They are welcome anytime anyday..
If you like the way world bank and IMF operates in Nigeria, that is the same way JP Morgan. Mind you this bank is one of the power house in the world so every transactions done internationally they are involved that is to say it is institution, government, and high net worth clients. You Nigerians should be careful what you wish cos most of you have no idea
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by zoedew: 7:50am On Oct 10
Namaster:
J.P. Morgan’s plan to establish a merchant bank in Nigeria signals growing confidence in the country’s economic outlook.



Sources:
https://businessday.ng/business-economy/article/jpmorgans-nigeria-expansion-signals-confidence-in-improving-economic-outlook/

https://www.thecable.ng/j-p-morgan-to-open-merchant-bank-in-nigeria-before-end-of-2026/
Clear evidence that President Tinubu has made giant strides in macro economic growth. The FDIs are coming over to Nigeria and would need a strong bank to support their move and investments.
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by Expanse2020(m): 8:45am On Oct 10
CaptainFM1:
Audio Morgan. 31st December is here already. We shall see.

Maybe na Morgan Freeman dey come shoot Nollywood movie for African magic!
Shut up ..
I can tell you they have aquired land in Oyo State to build a bank ..
In a situated busy road in Ibadan...

Stop criticizing Tinubu for everywhere
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by IAM4BAT4plus4: 9:49am On Oct 10
jaxxy:
Moove are leaving. Many others have left.
Igbayen wá nko?



Since they left the country, you die?
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by Akharmony: 10:03am On Oct 10
Lori iro.
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by jaxxy(m): 11:12am On Oct 10
IAM4BAT4plus4:
Igbayen wá nko?



Since they left the country, you die?
normal apc renewed hopless agenda talk.
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by DMCA: 1:16pm On Oct 10
stonemind:
Second to reply jsbdksbskejbdjdnskdnskdnbdbbshwv
no vex say Jayhome24 spoil ur dream grin
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by Bluntemperor: 1:29pm On Oct 10
DarkkManB:
Who is JP Morgan again? What is merchant bank gan
Sebi, they say 'Go To School '
You say you no go but Na Trade you wan learn, that is Ok,na.
Please 🥺,make you look for dictionary to explain for you and e go explain tire!
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by IAM4BAT4plus4: 2:31pm On Oct 10
jaxxy:
normal apc renewed hopless agenda talk.
A good Christian will not talk like you 🤔





Tinubu is a Muslim but his wife is a renowned Pastor mummy in the biggest and richest Christian denomination in the world 🌍!



SEYI too is a good Christian and pays his tithe and offering regularly...


For you to condemn or abuse the president mean you are mamoni
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by jaxxy(m): 2:49pm On Oct 10
IAM4BAT4plus4:
A good Christian will not talk like you 🤔





Tinubu is a Muslim but his wife is a renowned Pastor mummy in the biggest and richest Christian denomination in the world 🌍!



SEYI too is a good Christian and pays his tithe and offering regularly...


For you to condemn or abuse the president mean you are mamoni
I think a good christian will say the Truth. undecided

If tinubu does well i will be the first to hail him. Ive been voting for apc in lagos state and even voted for the hople buhari in 2015 on other to correct jonathan maladminstration. I did not insult jonathan and i have insulted tinubu like his supporters insulted jonathan and his wife.

So direct ur question to tinubu and his supporters. Are they good christians? undecided
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by IAM4BAT4plus4: 2:53pm On Oct 10
jaxxy:
I think a good christian will say the Truth. undecided

If tinubu does well i will be the first to hail him. Ive been voting for apc in lagos state and even voted for the hople buhari in 2015 on other to correct jonathan maladminstration. I did not insult jonathan and i have insulted tinubu like his supporters insulted jonathan and his wife.

So direct ur question to tinubu and his supporters. Are they good christians? undecided
Jonathan wife can not speak English
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by jaxxy(m): 3:35pm On Oct 10
IAM4BAT4plus4:
Jonathan wife can not speak English
So u call her all types of names? undecided

Is that also a good christian behavior?
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by IAM4BAT4plus4: 3:52pm On Oct 10
jaxxy:
So u call her all types of names? undecided

Is that also a good christian behavior?
Chief Mrs Oluremi Tinubu is a renowned Pastor and she speaks good English...




Nobody can take that away from her
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by jaxxy(m): 4:31pm On Oct 10
IAM4BAT4plus4:
Chief Mrs Oluremi Tinubu is a renowned Pastor and she speaks good English...




Nobody can take that away from her
So where was the renown pastor when they were insulting president Goodluck jonathan and his wife? undecided
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by IAM4BAT4plus4: 6:22pm On Oct 10
jaxxy:
So where was the renown pastor when they were insulting president Goodluck jonathan and his wife? undecided
Maybe not in the country


.
By the way, is Jonathan a redeemed member?
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by jaxxy(m): 7:04pm On Oct 10
IAM4BAT4plus4:
Maybe not in the country


.
By the way, is Jonathan a redeemed member?
I thought we talking about christians and christian behaviour? Redeemers are christians too.
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by IAM4BAT4plus4: 7:16pm On Oct 10
jaxxy:
I thought we talking about christians and christian behaviour? Redeemers are christians too.
Christianity has class




You can be going to celestial or cherubu or mountain of fire 🔥 or deeper life and think you are a Christian. CAPITAL NO!
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by jaxxy(m): 8:00pm On Oct 10
IAM4BAT4plus4:
Christianity has class




You can be going to celestial or cherubu or mountain of fire 🔥 or deeper life and think you are a Christian. CAPITAL NO!
U decided the class? Where is the class in the bible? Is christianity by domination or by indivudual character, works and faith? undecided
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by IAM4BAT4plus4: 8:56pm On Oct 10
jaxxy:
U decided the class? Where is the class in the bible? Is christianity by domination or by indivudual character, works and faith? undecided
You no get holy spirit in your life..



That's why you do not know who is with Jesus
Re: J.P. Morgan To Open Merchant Bank In Nigeria Before End Of 2026 by jaxxy(m): 8:58pm On Oct 10
IAM4BAT4plus4:
You no get holy spirit in your life..



That's why you do not know who is with Jesus
Ok so only u and redeemers and tinubu wife get holy spirit? undecided

People with holy spirit the insult president jonathan and his wife abi?
1 2 3 Reply

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