Jaiz Bank Shrinks Amidst Rebranding, Dividend Payment
Jaiz Bank Plc lost about 6.6% of its market value on the Nigerian Exchange (NGX) amidst rebranding and dividend payments to shareholders.
The bank has lost about 13.5% of its market value in the last seven trading sessions, based on NGX trading data. The Islamic lender is trading at 18.18% below its highest valuation in 52 weeks, reflecting share price volatility.
According to its trading data from the Nigerian Bourse, the Islamic lender share price fell week on week to N4.50 on Friday when 13.642 million units valued at N64.060 million changed hands in the equity market.
The non-interest bank share price opened the week at N4.85, and traded negatively until the price adjusted upward midweek when the Islamic lender paid a final dividend of 7 kobo to eligible shareholders.
Jaiz Bank Plc authorised its board of directors to pay 7 kobo to shareholders whose names appeared on the members register as of July 14, 2025.
Records revealed that more than 85% of Jaiz Bank shares outstanding is under the control of substantial and influential shareholders. Alhaji (Dr.) Muhammadu Indimi maintains highest shareholding of 29.36%
Early in the week, Jaiz Bank announced its strategic rebranding to reflect its vision for the future.
“The new brand represents more than just a colour and logo change; it is a reflection on the bank’s evolution and aspirations building a future ready bank that is agile, inclusive, and deeply connected to the needs of our customers.”
In the first half of 2025, Jaiz Bank’s earnings per share fell to 32.46 kobo from 32.67 kobo in the comparable period. The bank’s total assets shrank to N964.086 billion in the first half of 2025 from N1.080 trillion at the end of 2024. #Jaiz Bank Shrinks Amidst Rebranding, Dividend Payment#
