Jaiz Bank says it has successfully listed N10.04 billion from its private placement on the Nigerian Exchange Group (NGX).
The non-interest bank stated via its X page on Wednesday that the development follows regulatory approvals from the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), and NGX.
The bank added that the milestone places Jaiz Bank among the several banks that have already met the CBN’s revised capital requirements, ahead of the June 2026 deadline.
According to the bank’s statement, its financial position remains robust, with a well-structured, diversified, and resilient balance sheet, with total assets currently standing at ₦1.06 trillion, while shareholders’ funds have reached ₦47.9 billion.
“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 stated.
In early 2024, the CBN increased the capital base for commercial banks with international authorization to N500 billion and national banks to N200 billion.
The CBN also emphasized that all banks are required to meet the minimum capital requirement within 24 months commencing from April 1, 2024, and terminating in 2026.