JPMorgan Gets Closer to Clinching Nigerian Banking License

T2Covered by 1 source · first reported by PYMNTS at 21 Oct, 10:41 UTC

J.P. Morgan Chase is reportedly getting closer to obtaining a banking license in Nigeria. The largest U.S. bank has deposited 50 billion naira ($37.5 million) with the Central Bank of Nigeria, Bloomberg News reported Tuesday (Oct. 20), citing sources familiar with the matter. The deposit, one of…