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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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Nigeria at 66: ‘We Must Not Lose Faith in Nigeria’ — FCC Boss Omidiran

Published

8 hours ago

October 1, 2026

The Gleamer

Joel Ajayi

The Executive Chairman of the Federal Character Commission (FCC), Honorable Hulayat Motunrayo Omidiran, has called on Nigerians to use the occasion of the nation’s 66th Independence Anniversary to renew their faith in Nigeria, strengthen national unity and recommit themselves to building a more inclusive and prosperous country.

In her 66th Independence Day message, Hon. Omidiran described October 1 as more than a celebration of freedom, saying the anniversary provides an opportunity for Nigerians to reflect on the country’s journey, acknowledge its progress and challenges, and renew the collective determination to build a nation where every citizen has a sense of belonging.

According to the FCC Executive Chairman, the Federal Character Principle remains particularly important to the quest for national cohesion because equitable representation promotes a sense of ownership and confidence in the Nigerian project.

“Nigeria is a nation of great diversity and
enormous potential. Our responsibility is to ensure that this diversity becomes a bridge that connects us rather than a barrier that separates us. Every Nigerian deserves to feel that he or she belongs to this country and has a role to play in its development,” Omidiran said.

The FCC boss called on government institutions at all levels to remain committed to fairness, equity, accountability and inclusive governance, while urging citizens to support efforts aimed at strengthening national institutions and promoting peaceful coexistence.

“We must not lose faith in Nigeria. The challenges before us are real, but so are the opportunities and the enormous human and natural resources available to us. Every citizen has a responsibility to contribute his or her own quota to building the Nigeria we desire,” she stated.

The FCC Executive Chairman also urged young Nigerians to remain committed to acquiring knowledge and skills, entrepreneurship, innovation, sports and other productive ventures, describing the youth as critical stakeholders in the country’s future.

“As we celebrate 66 years of independence, let us remember that the Nigeria we want cannot be built by government alone. It requires the commitment of all of us – leaders and citizens, young and old, from every part of the federation. Together, we can build a Nigeria where justice, fairness, opportunity and peace are available to all,” she said.

Omidiran reaffirmed the FCC’s commitment to the effective discharge of its constitutional mandate and to supporting efforts that promote equitable representation and inclusive national development across the federation.

The former lawmaker wished Nigerians at home and abroad a peaceful and memorable 66th Independence Anniversary, praying for continued peace, stability, prosperity and progress for the Federal Republic of Nigeria.

“Our differences should never be greater than our common identity as Nigerians. Let us continue to choose unity over division, service over self-interest and hope over despair. The Nigeria of our dreams is possible if we all play our part,” Omidiran said.

“On behalf of the Federal Character Commission, I congratulate all Nigerians on this 66th Independence Anniversary. May this occasion renew our patriotism, strengthen our unity and inspire us to work together for a stronger, more equitable and prosperous Nigeria. May God bless the Federal Republic of Nigeria,” she added.

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