At a Glance
- Jaiz Bank shares surged 51.67 percent, lifting billionaire investors’ holdings by over $44 million.
- Mohammed Indimi remains largest shareholder as his Jaiz Bank stake rises $16 million.
- Strong profits and asset growth drove Jaiz Bank’s standout performance on the NGX.
So far in 2025, Investments of seven Nigerian billionaires, including Muhammadu Indimi, Aminu Alhassan’s family, and Mustapha Ahmad of Dangote Industries, in Jaiz Bank, Nigeria’s leading non-interest financial institution, have rebounded by more than $44 million on the Nigerian Exchange (NGX), offering a welcome reversal of fortune after a drastic decline in 2024.
Indimi’s Jaiz Bank stake rises by $8.3 million in 2025
Indimi, founder of Oriental Energy Resources and Jaiz Bank’s largest shareholder, owns 29.36 percent of the lender, equivalent to 13.09 billion shares, which rose by $16 million to $41.32 million.
The family of late Kano businessman Aminu Alhassan Alhassan holds 11.11 percent (8.61 billion shares), while Saadatu Hamza Mohammed owns 10 percent.
Together with other major investors, including Mustapha Ahmad of Dangote Industries, these shareholders control 81.08 percent of Jaiz Bank, representing more than 36.35 billion shares.
| S/N | Nigerian Billionaires | Stake (%) | Shares (in Unit) | From (Jan. 2025) | To (Dec. 2025) Net Worth |
| 1 | Mohammed Indimi | 29.36 | 13,093,099,656 | $25,417,870.04 | $41,317,272.66 |
| 2 | Aminu Alhassan Alhassan | 11.11 | 8,606,126,811 | $16,707,228.89 | $27,157,945.59 |
| 3 | Alh. Dr. Umaru Abdul Mutallab, CON | 10 | 4,461,382,066 | $8,660,961.31 | $14,078,571.47 |
| 4 | Althani Investment Ltd ( Saadatu Hamza Mohammed | 10 | 4,096,154,493 | $7,951,938.45 | $12,926,040.17 |
| 5 | Dangote Industries Ltd (Mustapha Ibrahim Ahmad) | 7 | 3,053,458,570 | $5,927,734.08 | $9,635,654.17 |
| 6 | Islamic Development Bank ( Mr. Seedy Mohammed Nije) | 6 | 2,506,666,588 | $4,866,236.97 | $7,910,168.69 |
| 7 | Dantata Investment & Securities Limited | 1.08 | 486,200,000 | $943,868.81 | $1,534,278.25 |
| TOTALS | 74.55 | 36,303,088,184 | $70,475,839 | $114,559,931 |
With Jaiz Bank’s share price climbing 51.67 percent since January, the value of its combined stakes has jumped from N109.06 billion ($70.58 million) to N165.41 billion ($114.72 million), marking a N56.35 billion ($44.15 million) boost.
Behind the bank’s rising value
Founded in 2003, Jaiz Bank Plc, has grown into Nigeria’s 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.
Since commencing operations in 2012, Jaiz Bank has demonstrated steady growth, securing a national banking license in 2016 and solidifying its position in Nigeria’s financial sector.
Its first nine months of 2025 financial performance explain a lot of the momentum behind this year’s market gains. Profit increased by 26.34 percent to N22.88 billion ($15.9 million) as of September 2025, compared to N18.11 billion ($12.58 million) in September 2024.
The bank’s total assets surged 24.31 percent from N1.08 trillion ($705.05 million) in December 2024 to N1.34 trillion(933.61 million) as of September 2025, driven by strong growth in due from the banks and other financial institutions, which rose 160.73 percent to N371.28 billion ($257.98 million).
A quiet success story on the exchange
At the time of drafting this report, Jaiz Bank ranks as the Nigerian Exchange’s 42nd most valuable listed company and holds the distinction of being the country’s first non-interest bank.
Its shares have increased by 51.67 percent year-to-date, outperforming many of its peers. In dollar terms, it has increased reached 62.55 percent, marking an extra 10.88 percent due to the appreciation of the Nigerian Naira against U.S. dollar.
Beyond the numbers, the bank’s performance tells a broader story about its role in offering ethical, interest-free financial services to an expanding customer base.
As investors like Indimi, Aminu Alhassan’s family, among others, benefit from its rise, Jaiz Bank continues to show that strong fundamentals and a clear mission can still deliver standout results, even in a volatile market.
