Jaiz Bank Secures N10.04bn via Private Placement

  • Jaiz Bank has successfully listed N10.04 billion proceeds from its private placement on the Nigerian Exchange Group (NGX).
  • The bank has met the new capital requirements of the Central Bank of Nigeria (CBN) ahead of the June 2026 deadline.
  • Jaiz Bank’s total assets stand at N1.06 trillion, while shareholders’ funds have reached N47.9 billion.

Jaiz Bank has announced the successful listing of N10.04 billion proceeds from its private placement on the Nigerian Exchange Group (NGX). This development follows regulatory approvals by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).

The bank’s Chief Executive Officer, Dr. Haruna Musa, stated that this achievement demonstrates the commitment of the board and management to adding value to customers by providing bespoke ethical finance solutions. Jaiz Bank is now well-positioned to compete effectively and fulfill customer needs through ethical and innovative financing.

The bank’s financial position remains robust, with total assets standing at N1.06 trillion and shareholders’ funds reaching N47.9 billion. Key financial ratios include a Return on Equity (ROE) of 60.74% and a Return on Assets (ROA) of 2.18%.

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