Investors in Jaiz Bank Plc have cleared the lender to bring in an extra N150 billion, money it intends to channel into expansion and stepped up lending to businesses.

At the bank’s 14th Annual General Meeting in Abuja, Managing Director Haruna Musa said the capital would be assembled through a mix of instruments, and described the 2025 financial year as one of strong growth despite inflation, a volatile exchange rate and rising costs.

He reported that the balance sheet expanded 19 per cent to N1.29 trillion, deposits climbed 24 per cent to N1.12 trillion, gross earnings rose 24 per cent to N102.81 billion and pre-tax profit advanced 28 per cent to N31.24 billion. The bank’s capital adequacy ratio strengthened to 26.89 per cent.

According to Musa, the new funds would be gathered in two or three tranches, with the programme likely to begin before the end of September once regulators approve. A larger capital base, he said, would let Jaiz pursue deals worth hundreds of millions of dollars and lend more heavily to manufacturing, farming and smaller enterprises, with food security a particular priority.

He also pointed to the bank’s admission as the first African institution to act as a Primary Dealer for the International Islamic Liquidity Management Corporation, and said Jaiz currently ran 55 outlets across 26 states, with further branches planned.