• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Sunday, June 22, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

JP Morgan’s decision to open a branch in Nigeria, global endorsement of reforms

JP Morgan

The Matters Press by The Matters Press
April 14, 2025
Reading Time: 2 mins read
0
JP Morgan’s decision to open a  branch in Nigeria, global endorsement of  reforms

The Tinubu Stakeholders Forum (TSF) has welcomed plans by American banking giant JP Morgan to upgrade its Nigeria representative office into a fully operational business branch.

RELATED POSTS

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

ECOWAS, Sahel states in deal to confront terrorism

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

In a statement signed by its Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, the group described it as a clear global endorsement of the far-reaching economic reforms of President Bola Tinubu.

The statement read in part: “According to a recent report by Africa Intelligence, the move is in line with the strategic vision of JP Morgan’s Chief Executive Officer, Jamie Dimon, to deepen the bank’s footprint in Africa, particularly in thriving economies like Nigeria.

“The development is a strong vote of confidence on the Nigerian economy and the robust reform agenda of the Tinubu administration, especially in the areas of monetary policy, ease of doing business, and financial market liberalization.

“JP Morgan’s decision to apply for a merchant banking licence from the Central Bank of Nigeria (CBN) marks a pivotal moment in Nigeria’s financial sector. It positions the country to benefit from global capital flows, attract more institutional investments, and facilitate improved access to foreign exchange loans and sophisticated asset management services for Nigerian corporate citizens.

“As one of the world’s most influential financial institutions, JP Morgan’s expansion into full business operations in Nigeria sends a powerful signal to other global investors that Nigeria is open for business.

“For us, the operational upgrade will not only strengthen the financial services ecosystem, but will also create job opportunities, increase the CBN’s non-oil revenue through licensing and regulatory fees, and drive down the cost of foreign currency-denominated funding for local businesses.

“It is noteworthy that Mr. Dimon, during his visit to Nigeria last October, acknowledged the missed opportunities to expand in Africa due to previous regulatory constraints in the United States, but now sees the continent—and Nigeria in particular—as critical to the future of global finance.

“We at TSF believe that this milestone is the outcome of President Tinubu’s bold leadership and deliberate policies to stabilize the economy, attract foreign direct investment, and reposition Nigeria as the financial hub of Africa.

The group also expressed confidence that the development will catalyze similar decisions by other global financial and investment institutions, leading to a virtuous cycle of economic growth and renewed investor confidence in Nigeria.

Tags: JP Morgan
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Tinubu denies manipulating NASS
Economy/Technology

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

June 20, 2025
Buhari urges Nigerians to maintain peace as he promises free, fair polls
Economy/Technology

TDF extols Buhari for supporting Tinubu’s reforms

June 19, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
News

Tinubu’s mid-term scorecard, a glimpse of coming dividends – TMSG

June 19, 2025
Fubara shames antagonists of emergency rule, vindicates Tinubu – TDF
Energy

Fubara shames antagonists of emergency rule, vindicates Tinubu – TDF

June 16, 2025
Next Post
Dangote, others on Forbes Africa’s billionaires list, proof of prosperity in Nigeria

Dangote, others on Forbes Africa's billionaires list, proof of prosperity in Nigeria

Nigeria  gazzettes ECOWAS tarriffs, advancing AfCFTA implementation

Nigeria gazzettes ECOWAS tarriffs, advancing AfCFTA implementation

Recommended Stories

Africa-Europe Alliance presents progress report

How Africa will overtake America

June 26, 2022
Global trade’ll grow to $30tn by 2030

Elumelu laments trade discrimination against Africa

December 15, 2022
Consumer commission, CBN, EFCC investigate violations in money lending

CBN urges banks to support indigenous companies

May 30, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years
  • ECOWAS, Sahel states in deal to confront terrorism
  • Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us