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[BUSINESS] · Nigeria · 8 sources

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Part of situation: JPMorgan Chase merchant bank expansion in Nigeria (5 clusters)

JPMorgan Chase to launch merchant bank in Nigeria by 2026

merchant banking Nigeria economy JPMorgan Chase Absa Group financial market reforms

Major financial institutions are expanding their presence in Nigeria as the country seeks to attract more international capital. JPMorgan Chase announced plans to launch a merchant bank in Nigeria by the end of 2026, a move intended to capture more corporate and investment banking activity in Africa’s third-largest economy.

Other regional players are also moving to capitalize on the market. Absa Group is considering converting its existing Nigerian representative office into a licensed merchant bank, while Standard Bank aims to double its West African business over the next four years. This trend comes as some European lenders reduce their exposure to African markets.

Industry leaders note that Central Bank of Nigeria (CBN) reforms have improved market predictability and credibility. The Nigerian Exchange Group (NGX) highlighted that recent banking recapitalization exercises demonstrated the capacity for significant domestic fundraising, which may encourage more businesses to seek public-market financing.

Entities

Absa Group · Central Bank of Nigeria · FMDQ Group · JPMorgan Chase · Nigerian Exchange Group

Claims

What the coverage asserts, and how many sources carry each claim.

  • [○ 1 SOURCE] Central Bank of Nigeria reforms have increased market predictability and credibility. thepodiummedia.com
  • [○ 1 SOURCE] Standard Bank aims to double its West African business operations within the next four years. businessday.ng
  • [○ 1 SOURCE] Absa Group is considering converting its current Nigerian representative office into a licensed merchant bank. businessday.ng
  • [○ 1 SOURCE] Nigeria's banking recapitalization exercise demonstrated the country's capacity for substantial fundraising supported by domestic investors. thepodiummedia.com
  • [● 2 SOURCES] JPMorgan Chase intends to launch a merchant bank in Nigeria by the end of 2026, subject to regulatory approval. africapresse.com · businessday.ng
  • [○ 1 SOURCE] The expansion is part of a broader effort by international lenders to strengthen access to African companies and financial markets. businessday.ng

Sources

Nigeria : JPMorgan prévoit de lancer une banque d’affaires avant fin 2026 [www.sikafinance.com]
J. P. Morgan, Absa Eye Nigeria amid Africa Bank exits| Radarr Africa [radarr.africa]
CBN Reforms Provide Foundation for Deeper, Investable Markets, says FMDQ CEO [thepodiummedia.com]
CBN, NGX and FMDQ Target Asian Capital as Nigeria Seeks Deeper Financial Markets [investorsking.com]
Nine Banks Report N2. 99tn Operating Expenses on Inflation, Regulatory Charges [www.thisdaylive.com]
NGX Boss Calls For Stronger Institutional Collaboration To Deepen Nigeria’s Capital Market [newtelegraphng.com]
Le géant américain JPMorgan Chase va ouvrir une banque d'affaires au Nigeria [africapresse.com]
J. P. Morgan, Absa see Nigeria opportunity as foreign banks exit Africa [businessday.ng]