Tag Archives: Jaiz Bank

Nigeria’s premier Non-interest lender, Jaiz Bank Plc, a closely held share saw a price decline of 3.3% in the stock market amidst renewed profit-taking activities in the Nigerian Exchange.

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Jaiz Bank Plc, Nigeria’s leading non-interest bank, has reported that its profit rose to N3.26 billion in the third quarter of financial year 2022, representing 14.59 percent higher than the N2.99 billion profit reported in the corresponding quarter of last year.

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Jaiz Bank Plc said it had grown its gross earnings by N720m to N2.59bn in the first quarter of 2019.

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Jaiz Bank Plc yesterday secured a N3 billion credit facility from the Bank of Industry (BoI) for onward lending to the Micro, Small and Medium Enterprises (MSMEs) in the country.

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A new liquidity window for Small and Medium Enterprises (SMEs) has opened as Jaiz Bank Plc is set to disburse $20 million to them before the end of the year. The Managing Director of the non-interest bank, Hassan Usman, made the disclosure. He said, “On the SME financing line from the Islamic Cooperation for Development, when you signed publicly that …

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JAIZ Bank Plc has said that it will grow its income and profitability consecutively over the next five years, with pre-tax profit for the period expected to reach N15.86 billion. Managing Director of the bank, Hassan Usman, who led top management of the bank to present its Facts Behind the Figures at the Nigerian Stock Exchange (NSE) in Lagos on …

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Jaiz Bank Plc says it will reposition its operations under a five-year strategic plan. The Managing Director, Hassan Usman, said this during the inauguration of the lender’s training centre in Zaria. The centre is expected to provide manpower training on non-interest banking and finance. In a statement by the bank, Usman said the strategic plan, which covers the 2018 to …

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Jaiz Bank has emerged the worst performing stock in percentage terms on the Nigerian Stock Exchange for the month of May. The data obtained from the exchange for the month of May indicated that the stock dropped by 17.39 percent, to close at 95k per share, as against the opening price of N1.15. The Chief Operating Officer, InvestData Ltd, Mr …

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Jaiz Bank Plc, a non-interest financial institution is targeting a profit After Tax (PAT) of N5.56 billion by the end of the 2021 financial year from the current N1.34 billion position. The bank disclosed this while addressing stockbrokers at the company’s, Facts Behind the Figures, shortly after it listed by the introduction 29.46 billion shares of 50 kobo each at …

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From Left: Alhaji (Dr) Umaru Kwairanga, Director Jaiz Bank Plc;  Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Alhaji (Dr) Umaru Abdul Mutallab, Chairman, Jaiz Bank Plc ; Hassan Usman, Managing Director/CEO, Jaiz Bank Plc and Alhaji (Dr) Musbahu Basir, Director, Jaiz Bank Plc at the Facts Behind the Listing at the NSE on Thursday. Advertisement

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