Non-interest financial institution Jaiz Bank Tuesday closed a $20 million equity investment deal with the Islamic Corporation for the Development of the Private Sector (ICD) to back its operations in Nigeria. A subsidiary of the Islamic Development Bank (IsDB), based in Saudi Arabia’s financial hub Jeddah, ICD provides financing for projects and explores equity participation…
By Barbara Bako, Abuja Jaiz Bank Plc has denied news report doing rounds the social media insinuating that its officials are in the custody of the Economic and Financial Crimes Commission (EFCC) over financial wrongdoings. Reacting on Wednesday, the Bank said its officials were at EFCC on Tuesday at the request of the Commission to…
Jaiz Bank has recorded N6.9 billion profit after tax in 2022 financial year, representing 68.5 percent increase compared to N4.1 billion earned in the preceding year 2021 The Bank audited earnings report released on Friday, showed that the pre-tax profit increased by 59.5 percent to N6.6 billion. recorded a 68.5 per cent improvement in net profit…
