Muhammad Hadi Mutallab, a director at Jaiz Bank Plc, has been appointed as the new chairman of the Nigeria Export Processing Zones Authority (NEPZA).
The appointment marks a leadership change for the agency responsible for managing Nigeria's export processing zones, a key component of the country's industrial and trade infrastructure.
The move comes as Jaiz Bank navigates its own strategic developments.
The Islamic bank is currently awaiting approval from the Central Bank of Nigeria to launch new financing products designed to help small and medium-sized enterprises access loans without traditional collateral.
This regulatory hurdle is central to the bank's strategy to expand its SME lending book.
Mutallab's dual role highlights the intersection of corporate banking and national export policy in Nigeria.