30 results
- 30 Jul 2019
Jaiz Bank Upgrades Core Banking Platform for Enhanced Performance
Path Solutions, the global Islamic banking software company, today announced that Jaiz Bank Plc., Nigeria’s premier non-interest (Islamic) bank has successfully upgraded its Islamic core banking…
- 22 Aug 2016
IDB Offers to Increase Support for Jaiz Bank
The Islamic Development Bank Group, (IDB) has promised to continue its support for Jaiz Bank Nigeria Plc. Speaking while receiving the board and management of the Jaiz Bank, in Abuja, Dr Ahmad…
- 16 Aug 2016
NDIC Charges Jaiz Bank on Good Corporate Governance
The Management of Jaiz Bank Plc has been advised to strengthen its corporate governance in order to weather the storm of economic challenges that is currently facing Nigeria’s banking industry. A…
- 6 Apr 2017
Jaiz Bank MD Says NPL within Tolerable Limits
As the incidences of Non-Performing Loan (NPL) continue to dog bank’s in Nigeria, Jaiz bank plc Wednesday disclosed that its exposure to NPLs in the short to medium term was within tolerable limits.…
- 21 Feb 2012
Jaiz Bank Begins Operation in Abuja
Jaiz Bank Plc, Nigeria's first licenced Islamic bank has commenced full operation of non-interest commercial banking in Nigeria from three branches in Abuja, Kaduna and Kano. The introduction of…
- 25 May 2017
Jaiz Bank Raises Capital to N25Bn
Shareholders of Jaiz Bank have increased the bank’s authorised share capital from N15bn to N25bn. This was one of the resolutions passed at the bank’s annual general meeting in Abuja on Wednesday…
- 18 Dec 2024
JAIZ Bank Secures N10.04bn Via Private Placement
Jaiz Bank has successfully listed the N10.04 billion proceeds from its private placement on the Nigerian Exchange Group (NGX), following regulatory approvals by the Central Bank of Nigeria (CBN),…
- 18 Oct 2022
Jaiz Bank Pledges to Support Media on Equipment Financing
Jaiz Bank, Nigeria’s premier Islamic bank has offered to finance equipment-upgrade projects of media organisations in the country. The new Managing Director (MD), Mr. Sirajo Salisu, told journalists…
- 7 Nov 2019
Usman says Jaiz Bank Transcends Religious Affiliation
Mallam Hassan Usman, Managing Director, Jaiz Bank Plc, has explained that the workings and offerings of the bank are available to all customers regardless of their religious beliefs and ethnicity.…
- 4 Jun 2020
Jaiz Bank Posts N2.4bn Profit
Jaiz Bank Plc, Nigeria’s premier non-interest (Islamic) bank has released its 2019 audited results for the period ended December 31st, 2019, declaring a Profit After Tax (PAT) of N2.4 billion. The…
- 5 Apr 2021
Jaiz Bank Empowers Innovators, Entrepreneurs with N125m
Jaiz Bank Plc has issued cheques valued at N125 million to four entrepreneurs and innovators who were adjudged winners of the bank’s COVID-19 Challenge Competition. The challenge was part of the…
- 1 Mar 2020
Jaiz Bank Extols NCC for Effective Regulations
The Nigerian Communications Commission (NCC) has been applauded for its efforts in ensuring effective regulations aimed at protecting the rights and interests of consumers of telecom services as well…
- 13 Mar 2024
NGX Approves Jaiz Bank Private Placement of 10.048bn Shares
The Nigerian Exchange Limited (NGX) has approved the application of Jaiz Bank Plc’s private placement of 10.048 billion units at N1 per share and the listing. The Exchange listings report shows that…
- 24 May 2020
Jaiz Bank Resumes Forex Sales to SMEs
Jaiz Bank Plc, Nigeria’s premier non-interest bank has resumed selling of foreign exchange to Small and Middle Enterprises (SMEs), in its efforts to cushion their challenges amplified by the…
- 17 Jul 2020
Jaiz Bank to Pay Shareholders N884M Maiden Dividend
Jaiz Bank Plc, Nigeria’s first premier non-interest bank, has earmarked N884 million to pay its first dividend for its shareholders since its creation. The approved dividend payment is N0.03 kobo per…
- 11 May 2018
Jaiz Bank Records N894m Profit in 2017
Alhaji Umaru Mutallab, Chairman, Jaiz Bank Plc, said the bank’s profit before tax increased from N343 million in 2016 to N894 million in 2017, recording a growth of 161 per cent. Mutallab, who…
- 1 Nov 2020
Jaiz Bank Dispels Rumours of Rift over Succession Plan
Jaiz Bank, at the weekend dispelled rumor of rift in its board over appointment of managing director, saying the subsisting structure is approved and endorsed by the board at the last week’s Extra…
- 28 Jun 2020
Jaiz Bank Posts N636.7M Q1 Profit Before Tax
Despite the COVID-19 headwinds, non-interest (Islamic) bank, Jaiz Bank Plc, has posted a Profit Before Tax growth of 33.63 per cent in the first quarter of 2020, translating to N636.7 million, when…
- 18 Aug 2022
Shareholders Back Jaiz Bank’s Bid to Raise N150bn Via Sukuk
Shareholders of Jaiz Bank Plc yesterday approved the board’s request to mobilise the sum of N150 billion through the issuance of Sukuk instruments either in full or in series. The capital injection…
- 9 Jan 2024
EFCC Solicits for Zenith, Providus and Jaiz Banks Help in Probe of the Humanitarian Affairs Ministry
The Group Managing Directors (GMDs) of Zenith, Providus and Jaiz banks, on Tuesday, honoured the invitation by the Economic and Financial Crimes Commission (EFCC), to hand over documents relating to…
- 3 May 2017
CBN Expels 16 Banks from Forex Market
Central Bank of Nigeria (CBN) on Tuesday stopped 16 Deposit Money Banks from participating in the Small and Medium-scale Enterprises (SMEs)window of the foreign exchange market. Isaac Okorafor,…
- 1 Mar 2020
NCC Gets Applause for Effective Regulations
Nigerian Communications Commission (NCC) has been applauded for its efforts in ensuring effective regulations aimed at protecting the rights and interests of consumers of telecom services as well on…
- 24 May 2022
11 Banks Rake in N261.99Bn Net Profit in 3 Months
Increased lending by banks to businesses and the economy jacked up interest income in the banking sector, hence, reflecting on the cumulative net profit of N261.991 billion declared by 11 banks…
- 5 Jul 2020
Reps to Grill Banks, Others over $30Bn Forex Racketeering
House of Representatives has summoned 24 banks and 14 oil companies over an alleged forex racketeering leading to an annual loss of over $30bn as revenue. The Joint House of Representatives Committee…
- 7 Apr 2021
Mobile Money: MTN Expands Cardless Cash Withdrawal Service to 44 Financial Institutions
Following the recent USSD drama, Y’ello Digital Financial Services (YDFS) has announced the expansion of its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial…
- 18 Dec 2023
Court Freezes Oyo Accounts in 10 Banks over N3.5Bn Debt
A High Court of the Federal Capital Territory, Abuja has issued an order freezing the accounts of the Oyo State Government in 10 commercial banks in the country. The order was issued by…
- 3 May 2020
FG Rakes in 8Bn from Banks’ IT Levies
Eleven Nigerian banks paid about N8.08bn Information Technology-related levies to the government in 2019, the audited financial reports of the banks have shown. Punch reported that the analyses of…
- 20 Aug 2016
NDIC Unhappy with Casual Workers in Banks
Alhaji Umaru Ibrahim, managing director and chief executive, Nigeria Deposit Insurance Corporation (NDIC), has reiterated the need to reduce the phenomenon of staff casual employments in the banking…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 30 Jan 2017
CBN Queries 5 Banks for Forex Manipulation
Central Bank of Nigeria (CBN) has queried five commercial banks for manipulating foreign exchange (forex) transaction rates. The CBN detected the rate manipulations following the mandatory rendition…