Nigerian oil mogul Mohammed Indimi gains $22 million from Jaiz Bank stake in 2025
Jaiz Bank’s shares rose sharply in 2025, lifting Mohammed Indimi’s stake by $22 million amid stronger earnings and a firmer naira.
Jaiz Bank
Nigerian oil tycoon Mohammed Indimi makes $8.3 million from Jaiz Bank shares
Indimi is the largest shareholder in Nigeria’s pioneering non-interest bank, holding a 29.36% stake in Jaiz Bank.
Nigerian oil billionaire Muhammadu Indimi to earn $600,000 Jaiz Bank dividend
Indimi, who holds nearly 13.1 billion shares—equal to a 29.36 percent stake, is the largest shareholder in Jaiz Bank, the first Islamic bank in Nigeria.
Nigerian businessman Umaru Abdul Mutallab to pocket $291,908 in dividends from stake in Jaiz Bank
Jaiz Bank is Nigeria’s first non-interest bank operating under Islamic banking principles.