Business News Editor
By Dave Munachi
Jaiz Bank Plc has announced that it has successfully met the Central Bank of Nigeria’s (CBN) capitalisation target, positioning itself among the financial institutions that have achieved full compliance ahead of the regulatory deadline.
The milestone reflects the bank’s strong financial discipline and strategic planning, as the CBN continues to enforce stringent recapitalisation requirements to strengthen Nigeria’s banking sector. The central bank had earlier mandated all commercial, merchant, and non-interest banks in the country to raise their capital base in order to enhance stability, investor confidence, and resilience against economic shocks.
In a statement released by the bank, management confirmed that Jaiz Bank not only achieved the minimum capital requirement but did so earlier than expected—an indication of its solid growth trajectory and the confidence it enjoys among investors. “This achievement reinforces Jaiz Bank’s commitment to financial soundness, compliance, and long-term sustainability,” the statement noted.
As Nigeria’s pioneer non-interest (Islamic) bank, Jaiz Bank has steadily grown its customer base and asset portfolio since its inception, promoting ethical banking and offering products tailored to the needs of individuals, businesses, and government institutions seeking Sharia-compliant financial solutions. The successful capitalisation drive is expected to further strengthen its market position, enabling it to expand operations and increase lending capacity across strategic sectors of the economy.
Industry analysts have welcomed the news, highlighting that meeting the CBN capitalisation target ahead of time sends a positive signal to stakeholders and investors. It also places Jaiz Bank in a strong position to withstand market volatility while pursuing growth opportunities both locally and regionally.
With this achievement, Jaiz Bank joins the list of Nigerian banks that have demonstrated readiness to align with the CBN’s recapitalisation roadmap—an initiative widely seen as essential to safeguarding financial stability and supporting economic development.
