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

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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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24 Bandits Killed As Army, DSS, Vigilantes Foil Mass Kidnap in Katsina Community, Rescue Victims

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At least 24 bandits were killed on Tuesday after soldiers of the Nigerian Army, operatives of the Department of State Services (DSS), Katsina Community Watch Corps foiled an attempt to mass-kidnap persons in Gidan Bawa village, Kandarawa Ward, Bakori Local Government Area of the state.

According to a security source, the operation followed sustained intelligence which uncovered plans by about 40 gunmen loyal to notorious bandit kingpin, Isiya Kwashen Garwa, to invade the village and abduct many residents, especially women and children.

The plot, sources said, was intended to replicate the mass abduction of residents of Woro community in Kwara State, ostensibly to embarrass the government.

Acting swiftly on the intelligence, DSS operatives mobilised the Community Watch Corps, and the Civilian Joint Task Force (CJTF) from Guga camp, and ambushed the bandits.

The source disclosed that the joint security operatives neutralised 24 bandits and rescued the abducted villagers.

Security operatives also recovered 19 stolen cattle from the community during the raid.

The source added that there were ongoing efforts to track down the fleeing bandits.

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Tinubu To Varsities: Produce Job Creators, Drive National Devt

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Stephen Olufemi Oni, Ilorin

President Bola Ahmed Tinubu has charged Nigerian universities to move beyond the traditional focus on awarding degrees and reposition themselves as centres of innovation, practical skills, research and national development.

The President gave the charge on Tuesday in Ilorin, Kwara State, while declaring open the 37th Annual Conference and General Assembly of the Committee of Vice-Chancellors of Nigerian Universities (CVCNU), held at the University of Ilorin.

Represented by the Minister of State for Education, Professor Suwaibat Saidu Ahmad, President Tinubu said the country could not achieve sustainable economic transformation without corresponding investment in human capital.

He described universities as critical partners in the Federal Government’s development agenda, stressing that they must produce graduates capable of responding to the realities of a rapidly changing global economy.

“Universities are more than institutions where degrees are awarded. They are centres of knowledge creation, innovation, critical thinking, entrepreneurship, cultural development and national transformation,” he said.

According to him, Nigerian universities must produce graduates who are not only academically sound but also innovative, ethical, digitally competent, entrepreneurial, adaptable and capable of solving real-world problems.

He challenged university authorities to reconsider the quality and relevance of graduates being produced, particularly in an era dominated by artificial intelligence, automation, biotechnology, data science, renewable energy and advanced manufacturing.

“The question before us is no longer simply whether our universities are producing graduates. The more foundational question is: what kind of graduates are we producing? How effectively are our universities preparing them to contribute to Nigeria’s economic and social transformation?” he asked.

Tinubu said his administration was pursuing reforms aimed at improving the quality, relevance, accessibility, affordability and accountability of tertiary education.

He explained that the Federal Ministry of Education was implementing the Nigerian Education Sector Renewal Initiative, with particular attention to institutional governance, quality assurance, research and innovation, digital transformation, skills development and stronger university-industry linkages.

The President also called for stronger practical training in Nigerian universities, noting that academic knowledge must be complemented by hands-on experience.

He disclosed that the government had begun reviewing curricula, particularly in agriculture, to shift the emphasis from theory to practical training.

“We are moving away from 70 per cent theory and 30 per cent practical to a robust 80 per cent practical and 20 per cent theory,” he said.

He added that accreditation requirements would now compel universities, faculties and departments of agriculture to establish partnerships with relevant industries, while students would be expected to undertake industrial attachments throughout their academic programmes.

According to him, the same approach would gradually be extended to other disciplines through the review of the Core Curriculum and Minimum Academic Standards (CCMAS).

Tinubu further urged vice-chancellors to strengthen research partnerships with government, industry, development partners and communities so that research findings could be transformed into products, services, policies, technologies and practical solutions to national challenges.

“Nigeria cannot become a globally competitive economy by relying primarily on the consumption of knowledge generated elsewhere,” he said.

“Our universities must become powerful engines of research, innovation, technology development and entrepreneurship.”

The President also emphasised the importance of effective university governance, urging vice-chancellors to strengthen accountability, improve institutional planning and deploy public resources prudently.

He noted that vice-chancellors were not only academic leaders but also managers, employers, financial stewards, community leaders and strategic partners in national development.

“Leadership, vice-chancellorship, is not about research. It is about administrative skills. It is about the ability to manage both research and humans at the same time,” he said.

On graduate employability, Tinubu said universities must ensure that their curricula reflected the changing demands of the labour market.

He urged institutions to strengthen internships, entrepreneurship programmes, work-based learning and university-industry partnerships, saying graduates should leave university not merely as job seekers but as value creators, innovators, entrepreneurs, professionals, researchers and responsible citizens.

The President also highlighted student welfare and access to education, saying government interventions, including the Nigerian Education Loan Fund, were designed to reduce financial barriers and expand access to tertiary education.

He, however, stressed that financial support must be accompanied by quality academic programmes, adequate infrastructure, effective student services and safe and inclusive learning environments.

Tinubu called for collective action among government, universities, students, academics, the private sector, development partners, professional bodies, regulators, alumni and communities to transform the nation’s university system.

He said the 37th CVCNU conference presented an opportunity for university leaders to move beyond identifying challenges and develop practical solutions capable of strengthening Nigeria’s higher education system.

The President commended the CVCNU for sustaining the annual platform for dialogue and collaboration and congratulated the University of Ilorin for hosting the conference.

He declared the conference officially open, urging participants to use the gathering to build a more competitive, innovative, inclusive and responsible university system.

Meanwhile, the Kwara State Government called for university reforms that would produce tangible benefits for communities rather than recommendations that would remain on government and institutional shelves.

Representing Governor AbdulRahman AbdulRazaq at the conference, the Commissioner for Education and Human Capital Development and Supervising Commissioner for Tertiary Education, Dr Lawal Olohungbebe, welcomed the vice-chancellors to Kwara State and described the University of Ilorin as one of the state’s greatest educational assets.

He said the state government recognised the importance of tertiary education but stressed that meaningful reform must begin from the basic education level.

Olohungbebe said the state introduced the KwaraLEARN programme to strengthen supervision and improve teaching and learning in public primary schools, particularly in rural communities.

“With KwaraLEARN, we are able to supervise every teacher in the class. Who is in the class, who is not in the class, and not just being in the class. What are you doing in the class?” he said.

According to him, strengthening basic education would help prepare children before they eventually enter universities.

He also praised the University of Ilorin for hosting the conference, describing the gathering of vice-chancellors as a major opportunity for knowledge-sharing and policy development.

Olohungbebe said the experience represented by the university leaders in attendance was enormous, noting that their collective years of experience could be deployed to address Nigeria’s educational challenges.

He urged participants to ensure that the outcomes of the conference translated into practical interventions that would have direct impact on communities.

“We look forward to having fruitful deliberations, and not just the ones that will end up on the shelves, but the ones that will end up in our communities, making a local impact and international relevance,” he said.

The 37th CVCNU conference brings together vice-chancellors and other stakeholders in Nigeria’s university system to deliberate on the future of tertiary education and strategies for strengthening the sector amid rapid technological, economic and social changes.

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Cristiano Ronaldo’s Comment on Lionel Messi’s Tribute to His Dad Becomes Most-Liked Instagram Comment

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Cristiano Ronaldo’s heartfelt message to Lionel Messi following the death of his father, Jorge Messi, has reportedly become the most-liked comment in Instagram history.

Jorge Messi died on August 7 in Rosario, Argentina, aged 68. Five days later, Messi paid tribute to his late father in an emotional Instagram post featuring a photo of the pair.

In the post, Messi wrote, “Te amo, pa” — meaning “I love you, Dad” — alongside a lengthy tribute reflecting on his father’s influence and the pain of losing him.

Among the many reactions from fans, celebrities and fellow footballers was a message from Ronaldo.

“Un abrazo enorme para ti y los tuyos en estos duros momentos, Leo. Mucha fuerza,” Ronaldo wrote, which translates to: “A huge hug to you and yours in these tough times, Leo. Much strength.”

Ronaldo’s comment reportedly attracted more than 6.86 million likes and over 86,000 comments, making it the most-liked comment on Instagram.

The previous record was also held by Ronaldo, whose comment on Kylian Mbappé’s announcement of his move to Real Madrid reportedly received more than five million likes.

Other football stars also expressed their condolences to Messi. Neymar Jr.’s message, translated as “Much strength for you and your family. Big hug,” reportedly received more than 1.6 million likes, while David Beckham’s comment expressing support for Messi and his family attracted more than 300,000 likes.

In his tribute, Messi described his father’s death as difficult to comprehend, saying he struggled to accept that he would no longer see or speak with him.

Messi also recalled how his father had encouraged him to play at the 2026 World Cup despite his deteriorating health. He said his father had hoped to watch him compete and had planned to travel if his condition improved.

According to Messi, he had promised his father that Argentina would reach the final so he could be there. Although Argentina reached the final, his father was unable to attend.

Reflecting on the loss, Messi said he had wanted to win the tournament and bring the trophy to his father but ultimately struggled physically during the competition.

The emotional tribute highlighted the close bond between Messi and his father and the profound impact of his loss on the football superstar.

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