Business

RMAFC Chairman Champios Digital Transformation, Trains Staff on Performance Management System

Published

1 month ago

September 17, 2025

Joel Ajayi

The Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, OFR, has reaffirmed the Commission’s resolve to embrace digital transformation for improved productivity and service delivery.

In a statement Issued on Tuesday by the Head, Information and Public Relations UnitRMAFCMaryam Umar Yusuf in Abuja.

While speaking at the opening ceremony of a training on Performance Management System (PMS) for staff of the Commission, Dr. Shehu, represented by Hon. Ismail Mohammed Agaka, Federal Commissioner representing Kwara State, said the new PMS would replace the old annual performance evaluation report. He added that automation and digital tools will streamline processes, minimise errors, and make the analog system a thing of the past.

He urged staff to adapt to the changes. He said, “if you do not shake into the system, the system will likely shake you out.” He further advised participants to adjust their mindset and attitude to embrace the new changes coming in the next few months.

Also addressing the participants, the Secretary to the Commission, Mr. Nwaeze Joseph Okechukwu who described RMAFC as one of the nation’s strategic institutions, explained that the training would ensure that officers experience digital transformation and develop new skills.

He therefore encouraged staff to learn, unlearn, and relearn while maintaining good dressing and the culture of punctuality to promote a professional and respectful work environment.

In his goodwill message, the PMS Consultant from Reliefline Nigeria Limited, Mr. Emmanuel Ohiro commended the initiative. He said “This workshop is a good idea, and I urge you to take it seriously as it will improve your service delivery.”

The training, organised by the Administration and Human Resources Department in collaboration with Reliefline Nigeria Limited, commenced on Tuesday, 16th September 2025, and will run daily until Wednesday, 24th September 2025..

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Business

TAJBank Emerges Nigeria’s Biggest Non-Interest Bank

Published

1 week 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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