- JPMorgan secures preliminary approval for Nigerian merchant bank.
- US minerals pact raises questions about expansion strategy.
ABUJA, NIGERIA – JPMorgan’s Nigerian banking expansion is gathering momentum as Washington pursues greater access to the country’s largely untapped mineral wealth.
The developments raise an intriguing question: Is America’s biggest bank positioning itself to finance Nigeria’s emerging minerals industry, or does its expansion reflect a broader commercial strategy already years in the making?
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