🇳🇬NigeriaWest Africa
Jaiz Bank plans collateral-free loans for SMEs, seeks CBN approval
via Punch Nigeria11 min read
Jaiz Bank Plc is awaiting approval from the Central Bank of Nigeria to introduce new financing products for small and medium-scale enterprises SMEs that will not require traditional collateral. Dr. Haruna Musa, the Managing Director and Chief Executive Officer, stated that these products will assess borrowers based on their cash flows, aiming to expand access to finance and deepen financial inclusion. The bank has developed these SME-friendly products and plans to leverage technology for remote applications. This initiative is part of Jaiz Bank's strategy to support agriculture, SMEs, and underserved communities through digital channels and agency banking. Additionally, shareholders have approved plans to raise an extra N150bn in capital, likely in two or three tranches, to expand operations and strengthen the balance sheet. This capital will finance larger transactions in sectors like agriculture, export trade, manufacturing, and renewable energy. Despite global economic uncertainties, Jaiz Bank reported a 19 percent increase in total assets to nearly N1.3tn in 2025, with customer deposits growing over 24 percent to N1.12tn, and profit before tax rising 28 percent to N31.24bn. The bank plans to open 10 new branches this year, bringing its total to 65, and aims for a presence in all state capitals within two years, with ambitions for international expansion within five years.
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Despite remarkable goalkeeping performances at the 2026 FIFA World Cup, former Super Eagles captain Vincent Enyeama's achievements at the tournament are still considered unmatched among African goalkeepers. His legacy was highlighted after Curaçao's Eloy Room made 15 saves against Ecuador, surpassing Peru's Ramón Quiroga's 1978 record of 13 saves in a single match. While Ghana's Richard Kingson holds the African single-match record with nine saves in 2006, Enyeama's sustained excellence across tournaments sets him apart. In the 2010 World Cup, Enyeama delivered a standout performance against Argentina, making six saves, four of which were against Lionel Messi, earning him Man of the Match honors despite a 1-0 loss. He continued this form in the 2014 World Cup, making 21 saves across four matches and securing clean sheets against Iran and Bosnia-Herzegovina, helping Nigeria reach the round of 16. Only Kingson's 22 saves in 2010 surpass Enyeama's total for an African goalkeeper in a single World Cup. Other notable African goalkeepers like Morocco's Yassine Bounou, Cameroon's Thomas N’Kono, and Senegal's Tony Sylva have not matched Enyeama's consistency over multiple tournaments. The article also mentions current impressive performances from Cape Verde's Josimar Dias and the United States' Matt Freese, but concludes that Enyeama's World Cup legacy continues to be the benchmark for African football.
Must ReadNyesom Wike, the Minister of the Federal Capital Territory, has voiced his displeasure regarding the Super Eagles' inability to qualify for the 2026 FIFA World Cup. Speaking during the commissioning of the Gwagwalada–Kuje Dual Carriageway, Phase 1, in Abuja, Wike addressed former Nigeria captain Joseph Yobo, urging him to convey the message to the national team that Nigerians are unhappy with their absence from the global tournament. Wike noted that he observed countries he had never heard of before qualifying for the World Cup, while Nigeria did not. Nigeria failed to secure a spot in the 2026 FIFA World Cup in the United States, Canada, and Mexico after a challenging qualifying campaign where they did not win any of their first four matches. Despite managerial changes and winning four of their remaining six games, the team lost their ticket on penalties against DR Congo in the African playoffs. This marks Nigeria's second consecutive World Cup miss, having also failed to qualify for the 2022 tournament in Qatar, where they were eliminated by Ghana on the away-goals rule. The Super Eagles have participated in six World Cups, reaching the Round of 16 three times, and their recent failures have drawn criticism from football stakeholders and supporters.
Femi Thomas, a board member of Nigeria’s Cycling Federation, has declared Team Nigeria's performance at the seventh Tour D’Afrique a success. He stated that the outing will enhance Nigeria's global cycling standing. The team recently returned to the country after completing the cross-border expedition, which concluded at the ECOWAS Headquarters in Lagos. The 2026 edition, themed 'Riding Against Climate Change: A 1,110km Journey with Zero CO₂ Emissions,' took place from June 12 to June 19. Fifty cyclists from various Nigerian states and clubs formed Team Nigeria. The tour commemorated World Bicycle Day and also celebrated Nigeria’s Democracy Day, ECOWAS at 51, and the One Africa agenda, while promoting sustainable transport. Thomas, a former athlete, highlighted the invaluable experience gained by all participants, especially first-timers. He added that the tour directly supports three United Nations Sustainable Development Goals. Team Nigeria’s participation was a collaborative effort between FT Cycle Care, the Cycling Federation of Nigeria, and the Velo NG Community. Stakeholders believe the successful ECOWAS leg of the tour has further solidified Nigeria's role in climate action and regional integration through sport.