₦airaland Forum

deardevil:
Its a nice one but I read the bank will be for the high profile persons or corporate body's in the country. Like to open an account you'll have to get like billions of naira with you.

Even stubborn Stanbic IBTC don calm down , Nigeria will humble you.

seunmsg:
An omoluabi will be leading the bank in Nigeria as usual. Billions of dollars will flow into Nigeria through JPMorgan. The Tinubu administration is definitely getting everything right. Dear Nigerians, our best years are ahead. The economic boom go too loud.

You make me sick

seunmsg:
An omoluabi will be leading the bank in Nigeria as usual. Billions of dollars will flow into Nigeria through JPMorgan. The Tinubu administration is definitely getting everything right. Dear Nigerians, our best years are ahead. The economic boom go too loud.

Follow abi transferred out, funds reparations.

DeepSight:
You make me sick

I'm glad I have made such an impact.

Yes they will for the wealthy

Anguldi:
I hope they go into asset management 👌

Its a merchant bank, so its not the ordinary bank where anyone can open a savings or current account

JP Morgan want to have access to the wealth of Nigeria , but it will hack the country, after it has seen the wealth and has financed companies which comes with interest payments

Can it all go smoothly, unless how did perform in another African country

My conclusion
J.P. Morgan's African track record shows a long-standing role in corporate finance and financial markets, particularly in South Africa, alongside newer market-development efforts in Kenya and Côte d’Ivoire. Its African operations should not be judged solely by the number of offices it has opened.

If you are evaluating whether it could become a major source of loans for Nigerian businesses, the most useful evidence would be its actual lending activity, interest rates, collateral requirements and the size of businesses it finances. I cannot establish from the available public evidence that its newer African offices have already produced substantial local lending outcomes.

Anguldi:
Even stubborn Stanbic IBTC don calm down , Nigeria will humble you.

Well I hope so..... cause I remember years ago how zenith require you to open a bank account with them with like 50k .

while some MUGUs dem dress well go road set camera deh burn brooms deh say ba mai .

Tinubu go still put dem for shame as usual .

while JP Morgan no come since all these years na ?

Men know Nigeria is now a country to invest and get peace of mind .

Can you Imagine Dapo Olagunju of yesterday in IBTC and Access Bank

Lifediary:
Some of the News that the government should by now be propagating presently should be;
- New oil refinery
- Increase in crude oil production to 2.6mpb and above
- 20,000MW of electricity for generation and distribution
- free prepaid meters readily available
- Massive Rural Areas Electrification
- Intentional investment in agriculture massively
- Reduction of insecurity to a minimal
etc

Crying about over foreign company in Nigeria that is here to maximize it's profit shouldn't be in the front burner.

But if a company leaves Nigeria, you'll be happy to see that one in front page. Only a sadistic person feels sad for good news. As if JP Morgan Banks will not give employment opportunities to Nigerian populace..

go see doctor b4 you just Kpai o !

DeepSight:
You make me sick

Good development on the face of it but another side of me asking why is it following rapidly closely with the invitation of US
companies to the exploration of our solid minerals resources.

You just made LordBiden look even more clueless than Joe Biden

You're wicked ooo

JomoGbomo2:
You are a CLOWN 😂😂😂

When Uber left; it was Tinubu’s fault but when JP Morgan comes in, it’s not Tinunu achievement.

Over 250 million population is not a joke. The market is plenty but unfortunately Nigerian leaders don't know how to maximize this advantage. That's why Chinese goods flood our market and Nigeria has officially become a consumption state despite our market and strength.

Vote wisely

For smooth transaction, it should be connected to payments in dollars.

As a merchant bank, it will only work with the wealthy, Companies and institutions.

One obvious benefit: makes it easy for the US companies to work in Nigeria, and they follow the same procedures and regulations as in the USA perhaps

GreenCovering:
Good development on the face of it but another side of me asking why is it following rapidly closely with the invitation of US
companies to the exploration of our solid minerals resources.

Good , at least those children wey collect loan take go university go fit pay back their loans when dem get this jobs 😂

Chase bank

A tool of the US State Department. This is in addition to the so-called "consulate" in Lagos that will be their largest in the world. We are not ready for what is coming.

Stealing so that the laundry of money will be easier by the American

aariwa:
Wonder the value it will add to a Nigeria that has more than enough banks

Very welcome news

More leeway for thieving politicians..

I'll stick to my OPAY... they've got my back so far

seunmsg:
An omoluabi will be leading the bank in Nigeria as usual. Billions of dollars will flow into Nigeria through JPMorgan. The Tinubu administration is definitely getting everything right. Dear Nigerians, our best years are ahead. The economic boom go too loud.

.
If it were you, will you appoint people who will be looting and stealing?

deardevil:
Its a nice one but I read the bank will be for the high profile persons or corporate body's in the country. Like to open an account you'll have to get like billions of naira with you.

it is beyond opening accounts for clients. There is a solid reason they are here.

SeriouslySense:
For smooth transaction, it should be connected to payments in dollars.

As a merchant bank, it will only work with the wealthy, Companies and institutions.

One obvious benefit: makes it easy for the US companies to work in Nigeria, and they follow the same procedures and regulations as in the USA perhaps

the last paragraph is the main reason they are here. It is not about the wealthy or institutions here, whatever is happening between Nigeria and the u.s will bring in u.s investors.

Bizibi:
it is beyond opening accounts for clients. There is a solid reason they are here.

I absolutely agree with your comment.....

seunmsg:
An omoluabi will be leading the bank in Nigeria as usual. Billions of dollars will flow into Nigeria through JPMorgan. The Tinubu administration is definitely getting everything right. Dear Nigerians, our best years are ahead. The economic boom go too loud.

Okoko Wetin you sabi

They are not opening branch in Nigeria for people like you to use .
merchant bank is a specialized financial institution that provides capital, underwriting, and strategic advisory services to large corporations, private businesses, and high-net-worth individuals, rather than serving the general public.

Corporations are leaving Nigeria,if you ask Obi and his supporters on Nairaland. Raccoon where are you? JP Morgan just dropped 50B in an economy you people claimed was packing up. Opay is next in line with its IPO. Doomsday politicians!

I can understand why the government will try and market this as a win because when the likes of P&G, Uber and others left Nigeria, they were blamed; but JPMorgan is primarily here for the HNIs. It looks good on the whole macro level, not so much on the micro level. And the real change for the country's economic level happens at the micro level.

seunmsg:
I'm glad I have such an impact.

😜😜😜😜😜 Kadoso Mutairu aka seunmsg!!

JomoGbomo2:
You are a CLOWN 😂😂😂

When Uber left; it was Tinubu’s fault but when JP Morgan comes in, it’s not Tinunu achievement.

Thanks for defending your kinsman. I pity those Yorubas following ipobidient to criticize Tinubu. Hausas and Fulanis learnt their lessons in 1966.

LordBiden:
So an American bank siting a branch in Nigeria is now a tinubu achievement?

No it's not an achievement to attract #50 billion into the economy. Most especially a wholesale bank that finances industries and projects. How can this be good news?