Nigerian oil tycoon Mohammed Indimi gained 22 million from his stake in Jaiz Bank in 2025 as the banks shares rose on the Nigerian Exchange NGX. The gains followed renewed investor interest in Nigerian banking stocks, supported by steady earnings and a stronger naira.
Indimi, founder and chairman of Oriental Energy Resources, is the largest shareholder in Jaiz Bank, with a 29.36 percent stake, equivalent to about 13.09 billion shares. In 2025, the market value of his holding rose by N39.28 billion 22.74 million.
The gain followed a sustained surge in local equities, supported by strong corporate earnings and a firmer naira, which boosted dollar-based returns for investors. Jaiz Bank, Nigerias largest non-interest lender, was among the top performers on the Nigerian Exchange last year.
