Jaiz Bank Sets Sights on ₦100 Billion Capital Base by 2026

 Abuja, Nigeria – August 19, 2025 – Jaiz Bank Plc has taken a bold step, officially announcing plans to boost its capital base to a minimum of ₦100 billion within the next year—building on the fact that it has already met the Central Bank of Nigeria’s (CBN) ₦20 billion requirement for non-interest banks well ahead of schedule. 

During the unveiling of the bank’s refreshed corporate identity in Abuja, Managing Director and CEO Dr. Haruna Musa emphasized that the move is just the first phase of a longer-term financial strategy. “In the next one year, the plan of the bank is to ensure that we raise our capital to a minimum of 100 billion,” he stated. “In the next three years, the plan of the bank is to raise our capital to a minimum of 200 billion. So, we will recapitalise Jaiz Bank beyond the minimum regulatory requirement.” 

A Rebrand With Purpose

The announcement coincided with the reveal of Jaiz Bank’s updated logo and brand identity, which Dr. Musa described as more than a cosmetic change. The new brand reflects a deliberate effort to modernize the bank’s platforms and reinforce its commitment to ethical, inclusive, and customer-centered banking. A new tagline—“With You For Life”—signals the bank’s dedication to being a long-term financial partner for its customers. 

Innovation and Enhanced Services

Dr. Musa also spotlighted innovations to come. A revamped mobile app will soon feature advanced functionalities, including WhatsApp banking, enabling customers to carry out transactions and even print statements—an especially useful feature for visa applications. Additionally, Jaiz Bank is set to relaunch its Naira MasterCard for international transactions starting September 1, in partnership with MasterCard International—marking the return of seamless cross-border spending for its customers. 

Strategic Expansion and SME Support

Looking forward, Jaiz Bank revealed plans to expand its footprint beyond Nigeria, with regulatory discussions underway in Ghana and Sierra Leone—laying the groundwork for regional growth across West Africa. 

Domestically, the bank is also revamping its support for Micro, Small, and Medium Enterprises (MSMEs). Dr. Musa stressed that the bank’s mission extends beyond profit to social impact—aiming to empower entrepreneurs with easier access to financing. He disclosed that Jaiz Bank’s current financing portfolio exceeds ₦500 billion, with targets set between ₦1–1.8 trillion over the next three years. 

---

Summary

Capital Drive: Building on its early meeting of CBN’s ₦20 billion threshold, Jaiz Bank aims for a capital base of ₦100 billion by 2026, rising to ₦200 bill

ion within three years.