Jaiz Bank Plc has seen its market value fall by around 6.6% on the Nigerian Exchange (NGX) as the Islamic lender undergoes a rebranding exercise and distributes dividends to shareholders.
Trading data shows that the bank has lost approximately 13.5% of its market value over the past seven trading sessions. Jaiz Bank shares are currently trading 18.18% below their 52-week peak, highlighting continued volatility in the stock.
On Friday, the share price dropped to N4.50 after 13.642 million units, worth N64.060 million, were exchanged on the NGX. The stock had opened the week at N4.85 and trended downward until a midweek uptick following the bank’s dividend payment.
The board of Jaiz Bank Plc approved a final dividend of 7 kobo per share for shareholders listed on the register as of 14 July 2025.
Market records indicate that more than 85% of the bank’s outstanding shares are held by substantial and influential investors, with Alhaji (Dr.) Muhammadu Indimi retaining the largest stake at 29.36%.
Earlier in the week, Jaiz Bank announced a major rebranding initiative aimed at strengthening its long-term positioning.
“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,” the bank stated.
Financial performance indicators show that Jaiz Bank’s earnings per share dipped slightly to 32.46 kobo in the first half of 2025, compared to 32.67 kobo in the same period last year. Total assets also fell to N964.086 billion by mid-2025, down from N1.080 trillion at the end of 2024.
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