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JAIZ Bank Records 24% Profit Growth in 2025; Secures Shareholders’ Nod to Raise Additional N150bn Capital

By Francis Wilfred
JAIZ Bank Plc on Wednesday reported a robust performance in its 2025 financial year, with a 24% growth in gross earnings for the year ended December 31, 2025.
Briefing journalists at the end of its 14th Annual General Meeting held virtually in Abuja, the Managing Director and Chief Executive Officer, Dr. Haruna Musa, said the bank delivered strong, balanced growth across all key financial metrics despite a challenging macroeconomic environment marked by inflationary pressures, exchange rate volatility, and an elevated cost of living in the country.
Musa said the bank’s performance demonstrates its resilience, discipline, and strong execution of its strategic initiatives to reaffirm the strength of its non-interest banking business model in Nigeria.
“The 2025 financial year was another period of remarkable growth and strategic progress for our bank,” Dr. Musa said. “We have demonstrated resilience, discipline, and very strong execution of our strategic initiatives.”
He said total assets of the Bank rose by 19%, from approximately N1 trillion in 2024 to nearly N1.3 trillion in 2025, consolidating JAIZ Bank’s position as Nigeria’s leading non-interest bank, while customer deposits grew by over 24%, from N904 billion to more than N1.12 trillion, reflecting deepening customer confidence in the bank’s brand and product offerings.
Also, he said net risk assets and investments expanded by 27%, from N671 billion to N849 billion, signalling increased financing of productive sectors, while maintaining prudent risk management.
Besides, the Bank’s gross earnings rose 24% to N102.81 billion, from N82.87 billion in 2024, while profit before tax jumped 28% to N31.24 billion, up from N24.4 billion the previous year.
Again, operational efficiency recorded significant improvement, with the cost-to-income ratio declining from 60.42% in 2024 to 58.09% in 2025, driven by digital transformation, process optimisation, and disciplined cost management.
In addition, the bank’s capital adequacy ratio improved significantly to 26.89% from 23.87%, a year-on-year increase of about 12.6%, while its statutory liquidity ratio stood at 43.45% — well above the Central Bank of Nigeria (CBN) stipulated regulatory minimum.
Strategic Milestones
Beyond the financial numbers, Dr. Musa highlighted 2025 as a transformational year for the institution, with key achievements including a successful corporate rebranding programme under the “JAIZ Bank — With You for Life” campaign; an upgrade of its credit rating by GCR from BBB- to BBB, and an expansion of its digital and alternative banking channels.
The MD said the most notable of the achievements was JAIZ Bank becoming the first African institution to be admitted as a primary dealer of the International Islamic Liquidity Management Corporation (IILM), significantly bolstering its global Islamic finance credentials.
To encourage the Bank to forge ahead with its plan to expand its capacity to ensure sustainable growth, the MD said shareholders, during the meeting, approved plans by the Board to raise an additional N150 billion in capital to strengthen the bank’s capital base to fund its ambitious expansion drive.
Although the Bank has already met the minimum benchmark stipulated by the CBN as its capital base, the MD said the bank would move swiftly to appoint transaction parties and seek regulatory clearance for the N150 billion capital raise, which could be executed in two or three tranches, with the process targeted for completion before the end of September 2026.
The capital injection, he said, is designed to bring JAIZ Bank’s total capital base in line with — or even surpassing — the approximately N200 billion capital base of some conventional commercial banks.
“The conventional players’ capital ceiling is about N200 billion. With this additional N150 billion, JAIZ Bank intends to be at par, or even more than some of the conventional players,” Dr. Musa noted, adding that the bank’s share price has already recorded over 100% improvement from about N4 per share to almost N9.
On branch expansion, he said the Bank plans to grow from its current 55 branches to 65 by December 2026, and ultimately achieve a presence in all state capitals across Nigeria within the next two years, up from the present 26 states.
Financial Inclusion at the Core
Looking ahead to 2026 and beyond, Dr. Musa said the Bank would deepen financial inclusion through agency banking partnerships, enhanced mobile and internet banking platforms, and a suite of new small and medium enterprise (SME) and retail products awaiting CBN approval and roll out.
The goal, he said, is to enable customers to access financing seamlessly from their mobile devices in the comfort of their homes and offices without visiting a branch.
“We are very confident that the foundation laid in 2025 will give us the opportunity to achieve even greater milestones in the years ahead,” he said.
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Kwara State Govt Announces Rescue Of 2 Children By DSS, Others. Operatives Kill 2 kidnappers, Scores Fatally Injured

By Samuel Itsede
Few days after the intelligence -led rescue of pupils and teachers kidnapped by bandits in Oriire, Oyo State, another security team comprising operatives of the Department of State Services (DSS) and forest guards, on Thursday, rescued two kidnapped children in Kwara Stare.
Rescued in a forest between Oba Isin/Owa Onire in Isin and Ifelodun Local Government Areas of the state, was 16-year-old Fatima Azeez and her five-year-old brother, Ibrahim.
According to state government sources, the security team eliminated two armed bandits while others escaped with severe injuries as more rescue operations were reportedly ongoing.
Recovered from the kidnappers were several items which included one AK-47 rifle; a single barrel gun, and one fully-loaded magazine
Also recovered were nine empty magazines, mini-solar charger, and food items.
Thursday’s rescue operation is connected to the multi-agency counter-terrorism and anti-kidnapping efforts of the government, the source declared .
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Alleged Cybercrime : Court Gives Sowore Final Warning to Conclude Defence or Be Foreclosed

The Federal High Court in Abuja, on Thursday, handed a final warning to online publisher and presidential candidate of the African Action Congress (AAC), Omoyele Sowore, to conclude his defence, or be foreclosed.
Justice Mohammed Umar gave the warning after lawyer to the Department of State Services (DSS) Akinlolu Kehinde, SAN, made an oral application shortly after Sowore sought an adjournment over his lead counsel’s absence.
The DSS is prosecuting Sowore for criminal defamation, incitement, and for allegedly cyber-bulling President Bola Tinubu by calling him a “criminal” in posts he made last September on his “X” and Facebook accounts.
When the case was called on Thursday, even though Sowore was present in court, no lawyer appeared for him.
When Justice Umar inquired about Sowore’s counsel, he responded that his lead lawyer, Mr Adeyinka Olumide-Fusika, SAN, travelled to the United Kingdom (UK), a move he said the court is aware of.
Sowore told the judge that his lawyer advised him to inform the court that “he will not be available for today’s hearing and he will like to handle this case because he is a skillful lawyer.”
When asked if he wanted to proceed with his defence, Sowore requested an adjournment.
“I will urge your lordship to adjourn the matter because it is a serious case and I will need lawyer to defend me,” he said.
The defendant also applied to make another application.
At this point, the judge told Sowore that if he applied to make another application other than the issue of adjournment, that would mean that he had decided to represent himself in court.
“If you want to take up the case let us know. If you have any application to make, it means you are planning to defend yourself…If you are making an application, it means you are telling this court that you are taking over the defence on your own,” the judge said.
Responding , however, counsel to the DSS drew the attention of the court to what he called the 11th time Sowore would be applying for an adjournment in the course of his defence.
“With respect, this matter came up on July 13, 2027, and the defence counsel made an application for adjournment and the court adjourned to today because of the fact that their next set of witnesses are subpoenaed witnesses and your lordship signed the subpoena.
“This same excuse was given that the lead counsel was absent at the last adjourned date and this court said that the absence of lead counsel cannot stop this proceeding.”
Kehinde also argued that there was a subsisting order of the court that the trial is to be conducted on a day-to-day basis.
The senior lawyer submitted that it was crystal clear that Sowore was not ready to proceed with his defence.
He, therefore, applied that his defence be foreclosed.
“I urge your lordship, in the interest of justice which is a three-way traffic; justice for the prosecution, the defence and the society, to foreclose the defence and make a consequential order accordingly,” he applied.
Ruling, Justice Umar said he would give Sowore the last opportunity in the interest of fair hearing.
“I have heard the application of the defendant, seeking for adjournment of the case on the basis that his lead counsel was not in court.
“The defendant cleary stated that this is a serious matter of which the lead counsel needs to give serious attention to same.
“I equally listened to counsel to the prosecution that this is the 11th adjournment and that the defendant’s defence should be foreclosed.
“Fair hearing demands that all parties be heard and defendant presents his defence before court,” he said.
The judge said while the court cannot force the defendant to defend himself, he would concede to Sowore’s application for adjournment.
Justice Umar, however, warmed that if he failed to continue with his defence on the next adjourned date, his defence may be foreclosed.
The judge adjourned the matter until July 22 for definite continuation of defence.
However, shortly after the ruling, Sowore appealed to the judge to direct applied for his international passport be temporarily released to enable his children in the United States attend to some emergencies.
Justice Umar directed him to file a formal application and that the prosecution respond before his decision.
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Court Denies Bail To Man Arrested By DSS For Planning Multiple Attacks On Abuja Schools

The Federal High Court in Abuja has denied bail to a man arrested by the Department of State Services (DSS), for allegedly planning multiple attacks on several schools in the Federal Capital Territory (FCT).
Justice Joyce Abdulmalik denied John Jude Agbo bail after the prosecution presented a fourth witness and, thereafter, closed its case against him.
Agbo faces terrorism and cybercrime charges for allegedly planning to harm the schools, their students and teachers.
Ruling on the defendant’s bail application, the trial judge held that there was no evidence to show that Agbo would not jump bail. The judge ordered that he be remanded in the custody of the Nigerian Correctional Service (NCS).
Earlier, the witness, a DSS officer, told the court how his team investigated Agbo and some of his collaborators. This, said the witness, included analyzing the messages they sent the schools they planned multiple attacks on, if the schools didn’t drop off huge sums of money at specified locations.
The witness tendered an audio-visual recording of Agbo’s interview session, which was admitted in evidence and played in open court. Thereafter, the prosecution formally closed its case.
The judge adjourned the matter until September 24 for Agbo to open his defence.
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