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Jaiz Bank Plc (NGX: JAIZBANK) | Share Price

Nigel Firth
Nigel Frith trader
Updated 27 Sep 2022

Jaiz Bank Plc is a financial services institution that provides Islamic non-interest banking services for retail, commercial and corporate sectors.

Latest Jaiz Bank Plc Share Price

The graph above shows the latest Jaiz Bank Plc share price on the Nigerian Stock Exchange. Investors have seen Jaiz Bank Plc shares perform well historically, and it remains a steady investment. Jaiz Bank Plc stock is live on the NGX under the stock symbol of JAIZBANK and is available to trade via several brokers in Nigeria.

What is Jaiz Bank Plc

Its product offering ranges from transactional accounts and term savings to working capital, real estate, personal, medical, education and project finance. In addition, Jaiz Bank Plc provides online banking, leasing, banking cards and bonds and guarantees.

The company operates in a total of 27 branches located in the major towns and cities of Nigeria.

The history of Jaiz Bank Plc commenced when it was created out of the former Jaiz International Plc in 2004 who was Nigeria’s first non-interest bank.

The bank obtained a regional operating license as a non-interest bank from the Central Bank in November 2011 and began full operations in January 2012 with 3 branches in Abuja FCT, Kaduna, and Kano.


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Jaiz Bank Plc

Currently it operates in all parts of the federation with the objective is to expand beyond the shores of Nigeria in line with its principle of being 100% Shariah compliant.

Today, Jaiz Bank Plc has a diversified portfolio in more sectors of the value chain and renders the following services:

  • Retail banking includes JAIZ Savings Account, JAIZ Current Account, JAIZ Salary Current Account, JAIZ Domiciliary Account, JAIZ Kids Savings Account, JAIZ Tier One Account, JAIZ Tier Two Account, Jaiz Auto Finance (JAF), JAIZ Pan Auto Scheme, Jaiz Home Finance, JAIZ Rental Finance, JAIZ Medical Finance and JAIZ Education Finance.
  • Corporate banking includes JAIZ Corporate Account, JAIZ Corporate Savings Account, JAIZ Domiciliary Account Corporate, Working Capital Finance, Project Financing, Real Estate Finance, Lease To Own Equipment Finance, JAIZ Service Lease, Bonds and Guarantee, Import Finance and Export Finance.
  • The Bank's eBusiness includes offerings, such as JaizOnline, JaizMobile, Point of Sale (POS), JaizPay, Private Banking and Automated Teller Machines (ATMs).

Jaiz Bank Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol JAIZBANK.

Jaiz Bank Plc has its headquarters in Abuja, Nigeria.

Jaiz Bank Plc forms part of the Regional Banks Industry and the Financials Sector.

Jaiz Bank

Jaiz Bank Plc Stock Performance

The current price for Jaiz Bank Plc stocks is 0.65 Nigerian Naira (NGN). The company has a total market capitalisation of 22.5B NGN with a P/E ratio of 21.67 and earnings per share of 0.03 NGN. A total of 34.5B shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Jaiz Bank Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Jaiz Bank Plc, analysts forecast further improved performance with market share growing as trading volumes increase.

Highlights of Jaiz Bank Plc in 2021

Jaiz Bank Plc started the year with a share price of 0.66 NGN, and it has since lost 1.52% in value on its price valuation, ranking 109th on the NGX where year-to-date performance is concerned.

Jaiz Bank Plc is currently the 18th most-traded stock on the NGX and it has experienced a total trading volume of more than 248 shares, which were finalized in 1,941 deals and were valued at a total of 151 million NGN over three months, with an average of 3.94 shares in each trading session.

The highest volume shares traded on one single day was 22.4 million.

Jaiz Bank - How To Trade

How to buy Jaiz Bank Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participation daily. To buy, sell or trade Jaiz Bank Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “JAIZBANK”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2021, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.