Jaiz Bank profit falls by 28% in Q1

Jaiz Bank profit falls by 28% in Q1

Nigeria’s only listed Islamic bank, Jaiz Bank said its profit after tax fell to N124.6 million for the first quarter of the year.

The result is a negative one indeed because of Jaiz Bank disclosed that it made a profit after tax of N173.1 million in 2017 within the same quarter.

Total income for the quarter rose to N1.64 billion compared to N1.42 billion last year.