Non-interest bank, Jaiz Bank Plc , has announced that it has successfully listed N10.04 billion gotten from its private placement on the Nigerian Exchange (NGX), following regulatory approvals from the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), and Nigerian Exchange Group.
This milestone places Jaiz Bank among the few banks that have already met the CBN's revised capital requirements, ahead of the June 2026 deadline.
Recall that in March 2024, as part of the recapitalization policy, the CBN raised the minimum capital of non interest banks to ₦10 billion from ₦5 billion (regional licence) and ₦20 billion from ₦10 billion (national license). Jaiz Bank operates with a national licence
Following the private placement, the bank's total assets currently stand at ₦1.06 trillion, while shareholders’ funds have reached ₦47.9 billion.
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