Jaiz Bank Shares Surge Nearly 80% as Recapitalisation Drive, Strong Earnings Lift Investor Confidence

Jaiz Bank Plc has emerged as one of the top-performing stocks on the Nigerian Exchange (NGX), buoyed by renewed investor confidence driven by capital strengthening plans, robust earnings momentum, and favourable trends in Nigeria’s non-interest banking sector.

The market has continued to reprice the stock amid expectations that the bank will meet the Central Bank of Nigeria’s (CBN) recapitalisation requirements. That strategic positioning, combined with its Q4 2025 unaudited financial results, has provided solid fundamental support for the rally.

As Nigeria’s pioneer non-interest bank, Jaiz Bank remains well placed to benefit from rising demand for ethical banking services, deeper financial inclusion and expanding Sukuk-linked financing opportunities.

On Tuesday, 10 February 2026, Jaiz Bank closed at N8.17, gaining 32 kobo or 4.08 per cent to top the gainers’ chart. The advance signals sustained buying interest and strong market momentum.

The scale of the rally is more striking when compared with its opening price for the year. The stock began trading on 2 January 2026 at N4.55. At N8.17, Jaiz Bank has delivered a year-to-date return of 79.56 per cent, underscoring a powerful mix of earnings growth and capital appreciation.

In practical terms, a N500,000 investment at the start of the year would now be worth about N897,801.30 - a gain of nearly N398,000 within a matter of weeks. That performance ranks the stock among the strongest alpha generators in the banking segment so far this year.

Despite the sharp run-up, valuation indicators suggest the price movement remains broadly aligned with fundamentals. Based on projected earnings growth, improving capital adequacy, and a broader sector re-rating, Jaiz Bank continues to trade within an attractive forward earnings range relative to its banking peers.

Investors should, however, be mindful that:

• The current price reflects heightened market sentiment and momentum-driven flows.

• Short-term pullbacks are possible following such a steep year-to-date appreciation.

• Successful recapitalisation execution and confirmation of audited earnings will be critical validation points.

Investment outlook

For medium- to long-term investors, Jaiz Bank remains a compelling accumulation candidate on price dips, supported by solid growth fundamentals and favourable sector tailwinds. Momentum traders may continue to ride the trend, albeit with disciplined stop-loss strategies.

The convergence of recapitalisation compliance, earnings expansion, and strong positioning within the non-interest banking space suggests that the bank’s re-rating cycle may not yet have run its course.

In a market searching for structurally supported growth stories, Jaiz Bank is becoming increasingly difficult to ignore.