Heat the olive oil in a large saucepan over medium heat.
Add the diced onion, minced garlic, and diced jalapenos.
Sauté until they become soft and aromatic, about 5 minutes.
Stir in the diced bell pepper and cook until tender.
This usually takes around 3 to 4 minutes.
Add the canned tomatoes, green chilies, chopped cilantro, cumin, chili powder, salt, and black pepper.
Bring the mixture to a boil.
Reduce the heat to low and simmer for 10 minutes, stirring occasionally.
Stir in the black beans and salsa.
Let it cook for another 5 minutes until well-blended.