Jaiz Bank Becomes First Non-Interest Lender to Meet CBN Capital Requirement

Nigeria’s premier Islamic lender has cleared the Central Bank of Nigeria’s revised minimum capital requirement, and in the same week asked shareholders to approve another ₦150 billion raise, signalling that for Jaiz Bank, regulatory compliance was never the destination. Shareholders of Jaiz Bank Plc approved the proposal to raise an additional ₦150 billion in capital at the bank’s 14th Annual General Meeting held virtually in Abuja on Wednesday, with the resolution auth