30 results
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 14 Nov 2023
Interswitch System Glitch: Court Orders Freezing of Accounts in 54 Banks
Justice Peter Lifu (JP) of a Federal High Court sitting in Lagos has granted an order freezing some accounts in about 54 financial institutions in the country where alleged funds from Interswitch…
- 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,…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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.…
- 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…
- 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…
- 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.…
- 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…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 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…
- 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…
- 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.…
- 2 Feb 2025
Customers’ USSD Access Intact as Banks’ Settle USSD Debt
Almost all e nine banks earmarked for disconnection from Unstructured Supplementary Service Data (USSD) service over a N160 billion debt have reportedly made good progress in terms of repayment,…
- 3 Sept 2020
NDIC Seeks Strict Implementation of Fiscal, Monetary Policies
Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation (NDIC), has said that effective implementation of fiscal and monetary policy measures are critical towards addressing the…
- 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…
- 1 Jan 2019
NSE Expels Diamond Bank, Others from Corporate Governance Index
Nigerian Stock Exchange (NSE) has removed Diamond Bank Plc, Continental Reinsurance Plc and NEM Insurance Plc from its Corporate Governance Index. The NSE, in a statement on Monday, said the…
- 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…
- 21 May 2023
NGX Fines 18 Firms N36m for Late Filing of Results
NGX Regulation Limited, a wholly owned subsidiary of the Nigerian Exchange Group (NGX Group) has slammed a fine of N35.82 million on Ecobank Transnational Incorporated (ETI), Wema Bank and 16 other…
- 30 Jul 2024
Summit Bank, New Islamic Bank Gets CBN’s License
Summit Bank, a new Islamic bank has just received provisional licensing from the Central Bank of Nigeria (CBN), to operate non-interest banking, devoid of interest rates. Summit Bank brings to six…
- 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…
- 18 Oct 2021
Nigeria Exchange Slams N1Bn Fines on 40 Firms for Infractions
Nigeria Exchange Limited (NGX) has slammed N1 billion on 40 companies listed on the floor of the exchange for various market infractions. The fines were from 2020 to date. Analysis indicates that…
- 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…