Business

NPoA Implementation; AUDA-NEPAD Boss assured Stakeholders participation

Published

4 years ago

April 30, 2022

By Joel Ajayi
The National Coordinator and Chief Executive Officer AUDA-NEPAD Nigeria, Princess Gloria Akobundu fsi has assured Stakeholders at the 5 day Capacity building workshop on harmonization and finalization, monitoring and evaluation framework for the implementation of second National Programme of Action (NPoA) of their active participation in the implementation of the NPoA.

Akobundu gave the assurance in her closing remark at the end of the 5 Day workshop held in Abuja.

Akobundu described the NPoA as a National document and express satisfaction at the level of enthusiasm expressed by participants at the workshop.
She expressed optimism that the NPoA will stand the test of time having spent 5 days fine-tuning and improving the document for smooth implementation.
Akobundu thanked President Muhammadu Buhari for his unalloyed support. She equally thanked the Secretary to Government of the Federation and APRM Focal Person, Barr Boss Mustapha and all participants who have contributed to the success of the process.
On his part, the Continental CEO of Africa Peer Review Mechanism, Prof Eddy Maloka represented by Jean Yves Adou said the continental body is pleased with Nigeria on the way it has conducted it’s Review activities and also the workshop since it started five day ago.
He said with Nigeria been the first to be reviewed in West Africa and the Fourth in the Continent, Nigeria has once more played it’s leadership role in moving the African continent forward.
The Continental CEO appreciated President Muhammadu Buhari and Princess Gloria Akobundu fsi for thier giant stride in ensuring that Nigeria is reviewed for the second time and he urged participants and Nigerians to take ownership of the NPoA for a greater result.
The 5 day workshop which had in attendance participants drawn from the 36 states of the Federation and FCT as well as people from MDAs, Corporate Organization, Civil Society Organization and the Organized Private Sectors.
The workshop also gave opportunity to representatives of Ghana, Egypt, Uganda and Kenya to share their experiences with participants as members of the National Governing Council Members, Technical Research Institutes and the academia were all present.

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Business

TAJBank Emerges Nigeria’s Biggest Non-Interest Bank

Published

2 weeks ago

October 23, 2025

The Gleamer

Cyril Ogar

After five years of operations in Nigeria’s rapidly evolving non-interest banking (NIB) space, TAJBank Limited has become the biggest player in the NIB subsector based on its total assets and gross earnings values.

Disclosing this during his paper presentation on the key performance indices in the non-interest banking space over the past few years at a seminar organized by Leaders Corporate Services with the theme “Roles of Non-Interest Banks In SMEs’ Financing” for SME entrepreneurs yesterday in Abuja, an investment expert, Mr. Olabode Akeredolu-Ale, maintained that based on the non-interest banks’ approved financial statements for the half year 2025, TAJBank currently remained the biggest in terms of its total assets.

The expert, a chartered stockbroker, specifically confirmed that his recent investment researches on the NIBs and their financial performances showed that TAJBank, with its total assets rising to N1.017 trillion in half year 2025 up from N953.098 billion as of December 2024, which is about N53 billion higher than the nearest NIB’s assets, now ranked top in the banking subsector.

According to him, TAJBank’s gross earnings for H1 2025 also surged to N53.752 billion from N32.86 billion as of December 2024, representing a 64% growth, and higher than the nearest NIB’s gross earnings in the period under review.

This is even as he disclosed that on the NIBs’ earnings per share during the half year, TAJBank reported N61.36 kobo earnings per share, about 92% higher than the earnings per share of the next NIB during the period.

Akeredolu-Ale, who is also a chartered accountant, clarified: “The figures I am reeling out here on the NIBs are sourced from the banking and capital market regulatory institutions’ platforms, which anyone can access to verify.

“I am part of this event because of my research interest in non-interest banking and how the players in the subsector in Nigeria can help to leverage their competencies in innovation and ethical banking to support our MSMEs.

“Today, the MSMEs cannot access DMBs’ loans due to high lending rates and other inclement macroeconomic factors. This is where I think the NIBs have become very crucial to Nigeria’s economic growth.

“Overall, my findings on the NIBs indicated that they are all trying their best with non-interest loans to support entrepreneurs, particularly the MSMEs owners. I have advised those of them at this seminar to explore the cost-friendly financing options of the NIBs to grow their businesses by opening accounts with the NIBs”, the expert added.

Another speaker at the event, Benjamin Chukwudi, also commended the NIBs for their “catalytic roles in helping SMEs to access interest-free loans and providing them the needed financial management advisory, which have been helping them in sustaining their operations in the face of rising cost of doing business in the country.”

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