{"id":468869,"date":"2020-11-06T16:15:36","date_gmt":"2020-11-06T15:15:36","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=468869"},"modified":"2020-11-06T16:15:36","modified_gmt":"2020-11-06T15:15:36","slug":"nigeria-jaiz-bank-ignores-covid-19","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/11\/06\/nigeria-jaiz-bank-ignores-covid-19\/","title":{"rendered":"Nigeria: Jaiz Bank ignores COVID-19"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p><strong>Despite the impact of the coronavirus health crisis on the Nigerian economy, Jaiz Bank, the only Islamic bank listed on the Nigerian stock exchange, is continuing its path. After recently initiating a capital increase to an additional 3.3 billion naira ($ 8.3 million), the bank is announcing good results in the third quarter of 2020.<\/strong><\/p>\n<p>Thus, after-tax profits (BAI) increased by 47.72%, or 1.85 billion naira (4.8 million dollars) at the end of September 30, 2020, against 1.25 billion naira ( $ 3.2 million) earned at the end of September 2019. The results show that the bank&#8217;s assets were 210 billion naira (554.2 million dollars) against 167 billion naira (440.7 million dollars). ) in September 2019, an increase of 25.67%.<\/p>\n<p>Jaiz Bank reported gross income of 13.65 billion naira ($ 36 million), compared to 9.37 billion naira ($ 24.7 million) for the period 2019, a growth of 45.71 percent. Its earnings per share increased 48% from 4.25 kobos in September 2019 to 6.28 kobos in one year.<\/p>\n<p>Commenting on its performance, Jaiz Bank Managing Director, Mr. Hassan Usman, indicated that its third quarter results further demonstrate the bank&#8217;s ability to develop sustainably. This, he emphasizes, in accordance with his strategic vision of becoming the first interest-free bank in sub-Saharan Africa.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Despite the impact of the coronavirus health crisis on the Nigerian economy, Jaiz Bank, the only Islamic bank listed on the Nigerian stock exchange, is continuing its path. After recently initiating a capital increase to an additional 3.3 billion naira ($ 8.3 million), the bank is announcing good results in the third quarter of 2020.<\/p>\n","protected":false},"author":536116,"featured_media":468870,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16158,11996],"tags":[16344,16665,38],"class_list":{"0":"post-468869","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-bank","8":"category-finance-en","9":"tag-covid-19","10":"tag-jaiz-bank","11":"tag-nigeria","12":"post_format-post-format-aside","13":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria: Jaiz Bank ignores COVID-19 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2020\/11\/06\/nigeria-jaiz-bank-ignores-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria: Jaiz Bank ignores COVID-19\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2020\/11\/06\/nigeria-jaiz-bank-ignores-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-06T15:15:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2020\/11\/Nigeria-Jaiz-Bank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"318\" \/>\n\t<meta property=\"og:image:height\" content=\"159\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ibrahima jr Dia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ibrahima jr Dia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/06\\\/nigeria-jaiz-bank-ignores-covid-19\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/06\\\/nigeria-jaiz-bank-ignores-covid-19\\\/\"},\"author\":{\"name\":\"Ibrahima jr Dia\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/88162c0907e002fa8ac009b2b76b08c6\"},\"headline\":\"Nigeria: Jaiz Bank ignores COVID-19\",\"datePublished\":\"2020-11-06T15:15:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/06\\\/nigeria-jaiz-bank-ignores-covid-19\\\/\"},\"wordCount\":184,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/06\\\/nigeria-jaiz-bank-ignores-covid-19\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/Nigeria-Jaiz-Bank.jpg\",\"keywords\":[\"COVID-19\",\"Jaiz Bank\",\"Nigeria\"],\"articleSection\":[\"Bank\",\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/06\\\/nigeria-jaiz-bank-ignores-covid-19\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/06\\\/nigeria-jaiz-bank-ignores-covid-19\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/06\\\/nigeria-jaiz-bank-ignores-covid-19\\\/\",\"name\":\"Nigeria: Jaiz Bank ignores COVID-19 - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/06\\\/nigeria-jaiz-bank-ignores-covid-19\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/11\\\/06\\\/nigeria-jaiz-bank-ignores-covid-19\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/Nigeria-Jaiz-Bank.jpg\",\"datePublished\":\"2020-11-06T15:15:36+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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