Nigerian oil tycoon and billionaire investor Mohammed Indimi is back in the green — and in a big way.
Following a difficult 2024 that saw the value of his stake in Jaiz Bank fall by nearly $3.93 million, the founder of Oriental Energy has rebounded impressively in 2025. Thanks to a strong financial turnaround by Jaiz Bank, Indimi’s 29.36% stake in Nigeria’s top Islamic lender has gained over $8.3 million so far this year.
As of August 2025, the value of his shares now stands close to $34 million, marking a stunning comeback and reaffirming his status as one of Nigeria’s most influential businessmen.
Jaiz Bank’s recent success has been nothing short of remarkable. In 2024, the bank’s profits more than doubled, total assets surpassed $700 million, and customer deposits jumped by over 90%. These strong fundamentals have helped the bank outperform most financial institutions listed on the Nigerian Exchange in 2025, triggering a sharp rally in its share price.
The performance has not only boosted investor confidence but also reaffirmed the growing appeal of Islamic banking in Nigeria’s financial ecosystem.
Indimi, known for his deep investments in oil and finance, appears to have weathered the storm — and is now riding the wave of renewed growth.