Nigerian oil billionaire Muhammadu Indimi is set to receive N1.44 billion 1.05 million from Jaiz Bank after shareholders of Nigeria's pioneer non-interest bank approved a 57 percent increase in the lender's dividend payout at the bank's 14th Annual General Meeting, the largest dividend Jaiz Bank has distributed in its 14-year history and a direct consequence of another year of robust earnings growth.
The bank declared a dividend of N0.11 per share for the 2025 financial year, up from N0.07 per share paid for 2024 and representing a total payout of N4.91 billion 3.57 million across the bank's 44.58 billion issued ordinary shares. Indimi, the founder of Oriental Energy Resources, one of Nigeria's largest indigenous oil exploration and production companies, holds 29.36 percent of Jaiz Bank through a position that makes him the single largest shareholder in the institution by a significant margin. His 13.09 billion shares at N0.11 per share yield a personal dividend of approximately N1.44 billion.
The payout follows a financial year in which Jaiz Bank delivered its strongest set of results since listing on the Nigerian Exchange. Profit after tax rose 28.4 percent to N30.16 billion 21.99 million in the year ended December 31, 2025, driven by stronger financing income and higher investment returns from the bank's sukuk and treasury portfolio. Gross earnings reached N102.8 billion, up from N82.87 billion in 2024, with income from investment activities advancing to N56.7 billion from N44.4 billion as the bank's sukuk and trading assets expanded. Total assets grew 19.1 percent to N1.29 trillion 938.7 million, marking the second consecutive year in which Jaiz Bank's balance sheet has crossed a new trillion-naira threshold after breaching N1 trillion for the first time at the end of 2024.
