J P Morgan to establish full fledged bank in Nigeria.

[Trush Jodie]

The American giant financial institution, J P Morgan is set to establish a full fledged bank in Nigeria. That's part of it's plans to break into the African market.

The bank just has representative centres in Nigeria but is set to apply to the Central Bank of Nigeria for full license to operate as a bank.

 

[Augusta]

Well, it would not be a bad idea. provided it is to the good of our economy and helpful to the citizens

 

[Trush Jodie]

J. P Morgan is more of an investment bank. I doubt it would be able to survive the Nigerian market with that service.

 

[Augusta]

Well, never say never. You can't be sure especially if they have their modalities on ground. They might just know how to take off and be successful at it