Jaiz Bank Meets New Capital Base with N10bn Private Placement
Jaiz Bank Plc has achieved new capital based required by the Central Bank of Nigeria (CBN) with the successful completion of its N10.04 billion private placement.
In a statement, the Islamic lenders said it listed N10.04 billion from its private placement on the Nigerian Exchange Group (NGX), following regulatory approvals from the Central Bank of Nigeria, Securities and Exchange Commission (SEC), and Nigerian Exchange.
“This milestone places Jaiz Bank among the few banks that have already met the CBN’s revised capital requirements ahead of the June 2026 deadline,” the Islamic lender said.
The bank said its financial position remains robust, with a well-structured, diversified, and resilient balance sheet. Total assets currently stand at ₦1.06 trillion, while shareholders’ funds have reached ₦47.9 billion.
Speaking on the successful capital-raising exercise, the Chief Executive Officer, Haruna Musa, (PhD) stated: “This achievement underscores the commitment of the board and management to adding value to our customers by providing bespoke ethical finance solutions.
“Jaiz Bank is well-positioned to compete effectively on all fronts, fulfilling customer needs through ethical and innovative financing.
“Despite a challenging operating environment, we have demonstrated resilience and achieved remarkable growth across financial and non-financial metrics. This positions us firmly on track to becoming the leading ethical bank in Africa.”
He further emphasised the bank’s strategic focus, saying, “Looking ahead, we will continue strengthening relationships with our loyal customers while attracting new ones.
“Through our digital platforms, innovative products, and services, we aim to support individuals, businesses, and communities alike.
“Our journey to lead the future of ethical finance in Africa remains unwavering, as we stay committed to excellence and delivering long-term value to all stakeholders.”
Jaiz Bank’s performance metrics highlight its exceptional growth and operational efficiency. Key financial ratios include a return on equity (ROE) of 60.74% and a return on assets (ROA) of 2.18%, management said. #Jaiz Bank Meets New Capital Base with N10bn Private Placement Crude Oil Prices Rise over Positive Demand Expectations
