Nigerian billionaire businessman Mohammed Indimi is set to receive a substantial dividend payout following the approval of Jaiz Bank’s dividend distribution for the 2025 financial year.
The dividend was approved by shareholders during the bank’s 14th Annual General Meeting, with Jaiz Bank declaring a final dividend of 11 kobo per share. The payout represents a significant increase from the 7 kobo distributed in the previous year, reflecting the bank’s continued commitment to rewarding investors.
As the institution’s largest shareholder, holding approximately 29.36 percent of the bank’s shares, Indimi stands to benefit the most from the increased distribution. His stake of over 13 billion shares secures a sizeable portion of the total dividend declared for shareholders.
The improved payout follows a strong financial performance by the non-interest lender. During the 2025 financial year, Jaiz Bank recorded notable growth in profitability, driven by higher financing income and stronger investment returns. The bank also expanded its asset base significantly while strengthening its retained earnings position, providing greater support for future growth and shareholder rewards.
Investor confidence in the bank has also been reflected in its market performance. Jaiz Bank emerged as one of the strongest-performing banking stocks on the Nigerian Exchange during the first half of 2026, supported by improved earnings, recapitalisation efforts and growing interest in the non-interest banking segment.
For Indimi, the dividend highlights the growing importance of financial services investments alongside his long-established interests in the energy sector. While he remains widely known for his success in oil and gas, his stake in Jaiz Bank has become one of the key contributors to his diversified investment portfolio.
Founded in 2012, Jaiz Bank remains Nigeria’s leading fully-fledged non-interest commercial bank. The institution operates under Islamic finance principles, focusing on profit-sharing and asset-backed financing models rather than conventional interest-based lending.
Over the years, Nigeria’s Islamic banking industry has continued to expand as demand for ethical and Shariah-compliant financial services grows. The sector has also attracted increased competition from emerging non-interest financial institutions and conventional banks offering similar products.
Beyond retail banking, Jaiz Bank has expanded its activities into agriculture, small and medium-scale enterprise financing, infrastructure development and Sukuk investments. These efforts have strengthened its role in promoting financial inclusion and supporting economic development.
The bank’s recent dividend increase underscores the steady growth of Nigeria’s non-interest banking sector and reflects the increasing confidence of investors in the industry’s long-term potential.
