Jaiz Bank Shares Drop 6.6% Amid Rebranding and Dividend Payment
Jaiz Bank Plc experienced a 6.6% decline in market value on the Nigerian Exchange (NGX) as it continued its rebranding initiative while paying dividends to shareholders.
Trading records reveal that the bank has shed about 13.5% of its market value over the past seven sessions and currently trades 18.18% below its 52-week peak, signalling heightened volatility.
By the close of trading on Friday, Jaiz Bank’s stock stood at N4.50, with 13.642 million units worth N64.06 million exchanged. This came after opening the week at N4.85. The stock briefly rebounded midweek following the payment of a 7 kobo final dividend to eligible investors.
The board approved the payout for shareholders listed in the members’ register as of July 14, 2025.
Data also show that over 85% of the bank’s outstanding shares are held by major stakeholders, with Alhaji (Dr.) Muhammadu Indimi controls the largest stake at 29.36%.
Earlier in the week, the lender introduced its new corporate identity, signalling its growth ambition:
“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.”
Financial indicators show mixed performance in the first half of 2025. Earnings per share dipped slightly to 32.46 kobo from 32.67 kobo year-on-year, while total assets dropped to N964.09 billion compared to N1.08 trillion at the end of 2024.
