Aliko Dangote's stake in Nigeria's Jaiz Bank is worth $18.2 million
Dangote Industries holds 3.05 billion Jaiz Bank shares, 6.85% of Nigeria's pioneer non-interest lender, worth N25.34 billion at current prices.
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Dangote Industries holds 3.05 billion Jaiz Bank shares, 6.85% of Nigeria's pioneer non-interest lender, worth N25.34 billion at current prices.
Nigerian oil billionaire Muhammadu Indimi will receive N1.44 billion from Jaiz Bank after shareholders approved a 57 percent dividend increase following another year of strong earnings growth.
Jaiz Bank’s shares rose sharply in 2025, lifting Mohammed Indimi’s stake by $22 million amid stronger earnings and a firmer naira.
Indimi is the largest shareholder in Nigeria’s pioneering non-interest bank, holding a 29.36% stake in Jaiz Bank.
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.
Jaiz Bank is Nigeria’s first non-interest bank operating under Islamic banking principles.