Nigerian oil tycoon Mohammed Indimi gained $22 million from his stake in Jaiz Financial institution in 2025 because the financial institution’s shares rose on the Nigerian Change (NGX). The features adopted renewed investor curiosity in Nigerian banking shares, supported by regular earnings and a stronger naira.
Indimi, founder and chairman of Oriental Power Assets, is the biggest shareholder in Jaiz Financial institution, with a 29.36 % stake, equal to about 13.09 billion shares. In 2025, the market worth of his holding rose by N39.28 billion ($22.74 million).
The achieve adopted a sustained surge in native equities, supported by sturdy company earnings and a firmer naira, which boosted dollar-based returns for traders. Jaiz Financial institution, Nigeria’s largest non-interest lender, was among the many prime performers on the Nigerian Change final yr.
Banking features meet forex assist
Mohammed Indimi’s stake in Jaiz Financial institution rose sharply in 2025, pushed by each greater share costs and a stronger naira. Jaiz Financial institution’s shares gained 75.33 % in naira phrases, climbing from N3 at the beginning of the yr to about N5.26. Foreign money actions additional boosted returns.
Because the naira strengthened in opposition to the U.S. greenback, the financial institution’s shares elevated 89.46 % in greenback phrases, rising from roughly $0.0019 in January to about $0.0037 by year-end. The mixed impact lifted the greenback worth of enormous holdings, together with Indimi’s stake.
Initially of 2025, his stake was valued at N39 billion ($25.42 million). By late 2025, it had reached N68.87 billion ($48.16 million), a rise of N29.59 billion ($22.74 million). This displays the features from each the market value appreciation and the forex shift over the yr.
Jaiz Financial institution’s regular growth
Based in 2003, Jaiz Financial institution Plc is a Nigerian non-interest monetary establishment and a pioneer of Islamic banking within the nation. Headquartered in Abuja, the financial institution started operations in 2012 and obtained a nationwide banking license in 2016, enabling growth past its regional presence.
It has since established a nationwide footprint, combining department progress with digital banking companies for retail, company and public-sector shoppers. Its interest-free mannequin has attracted a constant buyer base, thus distinguishing it inside Nigeria’s aggressive banking sector.
Returns that stand out
Jaiz Financial institution’s shares outpaced many friends in 2025. A $100,000 funding at the beginning of 2025 would now be value $189,460, reflecting each share value appreciation and forex features. For Indimi, the efficiency underscores how returns in Nigerian equities, mixed with a stronger naira, can generate important greenback features, even in a market typically thought of risky.
