Mohammed Indimis Jaiz Bank stake rebounded by 8.3 million in 2025 after a 3.93 million loss in 2024.
Jaiz Banks 2024 profit doubled to 15.33 million, driving a 33 share price increase and boosting Indimis stake value.
With 706 million in assets and 591 million in deposits, Jaiz Bank leads Nigerias Islamic banking sector and outperforms peers.
After a tough year in 2024, when the nairas sharp devaluation wiped out what could have been a 8.2 million gain and instead left him with a 3.93 million loss on his Jaiz Bank shares, Nigerian oil magnate Mohammed Indimi is back on stronger footing.
So far in 2025, his investment in the bank has rebounded by 8.3 million on the Nigerian Exchange NGX , offering a welcome reversal of fortune.
Indimis Jaiz Bank stake rises by 8.3 million in 2025Indimi, founder of Oriental Energy Resources and the largest shareholder in Jaiz Bank , owns 29.36 percent of the bankequivalent to 13.09 billion shares.
With Jaiz Banks share price climbing 32.33 percent since January, the value of his stake has jumped from N39.28 billion 25.66 million to N51.98 billion 33.96 million, marking a N12.7 billion 8.3 million boost.
Behind the banks rising valueFounded in 2003, Jaiz Bank Plc , has grown into Nigerias leading non-interest financial institution, pioneering Islamic banking in the country. Headquartered in Abuja, the bank has expanded its footprint across Nigeria, offering a range of digital and branch-based services.
