CBN Advert

newscorner

Business news

Jaiz Bank’s capital base hits N15bn

No Comments Share:

Image result for Jaiz Bank’s capital base hits N15bnThe Chief Executive Officer and Managing Director of Jaiz Bank, Hassan Usman, has said that Nigeria will become one of the countries to successfully offer Sovereign Sukuk in local currency after the Federal Government floated around N100bn last Tuesday.

According to him, the offer was to last for five days.

Speaking on Friday on the sidelines of Jaiz Bank’s Customers Forum in Ilorin, the Kwara State capital, Usman, who revealed that the institution’s capital base had reached N15bn, described one of the most important aspects of banking as having liquidity instrument.

He said that Islamic finance worldwide was novel, being in existence for about 40 years compared to conventional banking, which had lasted for over 300 years.

Previous Article

Inflation drops for seventh consecutive months to 16.01%

Next Article

FG pays N47bn to 62 contractors, says Fashola

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *