News

TAJBank’s PBT Surges By 74%, Pays Higher Dividends

Published

2 months ago

August 16, 2026

Cyril Ogar

TAJBank Limited, Nigeria’s most innovative-driven and largest non-interest bank (NIB) by assets, has sustained its frontline position in the nation’s ethical banking space with its Profit Before Tax (PBT) surging year-on-year by74% to N31.562 billion in FY2025, from N18.166 billion recorded in FY2024.

The latest data from the bank’s audited FY2025 financial statements reflected that its total assets grew to N1.34 trillion from N953 billion in the preceding year, while the non-interest lender’s total equity grew to N149.230 billion, reflecting 144% growth over the N61.250 billion recorded in the preceding year among other positive Key Performance Indicators (KPIs) of its operations during the year.

To reward the shareholders for their commitment to the sustainable growth of the bank as Nigeria’s largest ethical bank by assets, the Board at the bank’s just concluded virtual 2026 Annual General Meeting (AGM) approved 20 kobo dividend per share for the investors, one of the highest dividends per share ratio in the nation’s banking industry.

Commenting on the Board’s decision on the dividend payment during a brief chat with journalists on decisions taken during the AGM, the Board Chairman, Alhaji Tanko Gwamna, said: “The Board rewarded the shareholders for their contributions to the growth of TAJBank as we have been doing over the years.”

In his remarks, the bank’s Managing Director/CEO, Mr. Hamid Joda, described the improving financial performance of TAJBank “as a clear demonstration of the management’s adoption of prudential financial approach in our operations and this is already helping to grow investor confidence in the bank.

“I am using this opportunity to thank the shareholders and to assure them that come rain or shine, their funds are secured and will continue to yield sustainable good returns to them on a yearly basis.”

Also, the bank’s Executive Director, Mr. Sheriff Idi, enthused: “We greatly value our shareholders and customers because their interest is why we are in business and we will always prioritize them in our operations.”

After five years of operations in Nigeria’s rapidly evolving non-interest banking (NIB) space, TAJBank Limited was recently rated by the regulatory authorities as the biggest player in the NIB subsector based on its approved financial statements for the half year 2025, in terms of total assets and gross earnings values.

It would be recalled that TAJBank had in 2021, 2022 and 2023 won the BusinessDay’s awards and before then, bagged the Leadership Newspapers’ 2020 ‘Bank Of The Year’ award.

In recognition of the non-interest lender’s strict compliance with global best practices, particularly in information security standards in its operations, TAJBank had between year 2022 and 2023 bagged the Payment Card Industry Data Security Standard (PCI DSS) certification, and three International Standards Organisation (ISO) certifications by the Certification Partner Global (CPG), namely ISO 27001, ISO 22301, and ISO 20000 on Information Security, Business Continuity, and IT Service Management Systems

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News

DNKI President Champions Humanitarian Service, Sustainable Community Development

Published

15 hours ago

October 21, 2026

The Gleamer

Cyril Samania

The President of De Norsemen Kclub International (DNKI), Chief Oliver Patrick Ityohegh, has reaffirmed the organisation’s commitment to humanitarian service, stressing the importance of supporting vulnerable people and improving community welfare beyond the annual celebration of Humanitarian Day.

Ityohegh stated this during the organisation’s Cauldron Night and Award Presentation held to commemorate its 2026 Humanitarian Day celebration, theme: “Humanity First: Advancing Hope, Dignity and Community Well-being.” organised by the DNKI Abuja Chapter.

He emphasised that humanitarian service should be a continuous responsibility driven by compassion, solidarity and a commitment to making a meaningful difference in society.

According to him, DNKI’s humanitarian activities reflect its dedication to giving back to society and supporting people in need, while encouraging members to sustain initiatives that promote human dignity and community well-being.

He added that the organisation would continue to strengthen its humanitarian engagements through practical interventions aimed at improving the lives of vulnerable people and promoting community development.

Speaking at the event, the representative of the Abuja Chapter Chairman and Chairman of its Advisory Council, Prince Efiong Okpe, said the organisation’s humanitarian activities extended beyond the annual celebration of Humanitarian Day on October 15.

Okpe explained that DNKI undertook several initiatives throughout the year, including blood donation exercises, visits to hospitals and correctional centres, as well as support for orphanages and other vulnerable groups.

According to him, the organisation also collaborated with humanitarian bodies in the Federal Capital Territory (FCT) to identify areas of need and provide assistance within its available resources.

He described Humanitarian Day as an opportunity for members to renew their commitment to service and demonstrate solidarity with people facing difficult circumstances.

Earlier, the Chairman of the Planning Committee and Coordinator of the DNKI Gwagwalada Zone, Mr Etudaiye Hamzat, disclosed that the chapter had provided financial assistance to some members to help pay their children’s school fees, alongside distributing bags of rice and other relief items to members experiencing hardship.

Hamzat explained that the interventions followed concerns over the difficulties some members faced in meeting their family responsibilities, particularly the rising cost of their children’s education.

He maintained that supporting members in need was consistent with the organisation’s humanitarian principles, adding that DNKI remained committed to extending assistance to non-members and vulnerable communities as part of its commitment to leading by example.

Looking ahead, Hamzat said the Abuja Chapter planned to expand its humanitarian outreach to remote communities within the FCT, with particular attention to orphanages, schools and widows facing difficulties in meeting their family responsibilities.

He also recalled previous interventions for internally displaced persons (IDPs), which included the distribution of food, clothing and educational materials, noting that the chapter intended to scale up such initiatives in the coming year.

The highlight of the event was the presentation of awards to outstanding members and distinguished non-members in recognition of their contributions to humanitarian service.

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