Jaiz Bank Concludes N10.04bn Private Placement, Meets CBN Capital Requirements
Jaiz Bank has said it successfully listed N10.04 billion from its private placement on the Nigerian Exchange Group (NGX), following regulatory approvals from the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), and NGX. This milestone,the bank said in a statement, places it among the few banks that have already met the CBN’s revised capital requirements, ahead of the June 2026 deadline.
The bank said its financial position remains robust, with a well-structured, diversified, and resilient balance sheet.
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.”
He further emphasised the bank’s strategic focus, saying: “Looking ahead, we will continue strengthening relationships with our loyal customers while attracting new ones.
