Jaiz Bank Sets ₦150bn Capital Target After Meeting CBN Recapitalisation Requirement
Jaiz Bank Plc,Nigeria’s pioneer non-interest financial institution, has unveiled plans to raise its capital base to ₦150 billion, even after successfully meeting the Central Bank of Nigeria’s (CBN) recapitalisation threshold ahead of schedule.
The move comes on the heels of the apex bank’s directive for all banks to strengthen their capital bases by March 31, 2026, a policy designed to build resilience in the financial system and enable banks to better support Nigeria’s economic development.
Speaking at the bank’s Annual General Meeting, the Managing Director and Chief Executive Officer, Dr. Haruna Musa, said shareholders have approved the plan to scale up Jaiz Bank’s capital to ₦150 billion in the short to medium term.
According to him, the additional capital will not only consolidate the bank’s compliance with the CBN’s recapitalisation framework but also position it for expansion and deeper market penetration.
“We are not only meeting the minimum regulatory requirements; we are looking beyond them. Our shareholders have endorsed a capitalisation plan to the tune of ₦150 billion. This is part of our growth agenda and our commitment to strengthening the bank’s operations across Nigeria and beyond,” Musa stated.
Earlier in January 2025, Jaiz Bank concluded a ₦10.04 billion private placement, which was successfully listed on the Nigerian Exchange Group (NGX). The fund-raising initiative, approved by both the CBN and the Securities and Exchange Commission (SEC), ensured the bank became one of the first to meet the new capital requirements.
This proactive move placed Jaiz Bank alongside other early-compliant lenders such as Access Bank, Zenith Bank, Ecobank Nigeria, and Lotus Bank, which have all crossed their recapitalisation thresholds well before the 2026 deadline.
Beyond its capital drive, Jaiz Bank is also relaunching its Micro, Small, and Medium Enterprises (MSME) programme, which is set to disburse more than ₦800 million in financing to small businesses over the next two years.
Dr. Musa explained that MSMEs are critical to Nigeria’s economic growth and employment generation, stressing that the bank’s renewed focus on the sector is part of its broader mission to promote financial inclusion through non-interest banking.
“Our MSME initiative reflects our belief that small businesses are the backbone of the Nigerian economy. By extending affordable financing, we are supporting entrepreneurs, creating jobs, and driving inclusive growth,” he added.
Industry analysts note that Jaiz Bank’s ambitious ₦150 billion capital target signals its determination to compete strongly within the financial sector while maintaining its ethical and Sharia-compliant banking model.
The additional funds are expected to improve the bank’s capacity for large-scale financing, support infrastructure projects, and expand retail and digital banking offerings.
The CBN has maintained that its recapitalisation policy is aimed at building stronger and more stable banks capable of withstanding economic shocks and financing large-scale investments. With eight banks already confirmed to have met the requirement, analysts predict a wave of mergers, acquisitions, and new capital-raising initiatives across the industry in the months ahead.
For Jaiz Bank, the combination of regulatory compliance, capital expansion, and MSME support positions it as a resilient player in Nigeria’s evolving financial landscape. The bank’s management believes that its growth trajectory, anchored on non-interest banking principles, will continue to attract investors and strengthen confidence among its growing customer base.
