TAJBank’s profit before tax surges 74%, assets reach N1.34 trillion

TAJBank Limited, a non-interest bank, grew its profit before tax by 74 per cent year-on-year, reaching N31.562 billion for the 2025 financial year.

News Agency of Nigeria • August 17, 2026

Hamid Joda Credit: TAJ Bank]

TAJBank Limited, a non-interest bank, grew its profit before tax by 74 per cent year-on-year, reaching N31.562 billion for the 2025 financial year. The figure rose from N18.166 billion in 2024, according to the bank’s audited financial statement for 2025.

On Monday, the bank’s CEO, Hamid Joda, said its total assets also grew to N1.34 trillion from N953 billion in the preceding year. Mr Joda said the bank’s non-interest lender’s total equity grew to N149 billion. According to him, this reflects a 144 per cent growth over the N61.250 billion recorded in 2024, among other positive key performance indicators for the year.

Mr Joda described the bank’s improving financial performance as a clear demonstration of management’s adoption of a prudential financial approach in its operations. He said this approach was already helping to grow investor confidence in the bank.

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

Mr Joda expressed the bank’s determination to reward shareholders for their commitment to the bank’s sustainable growth as Nigeria’s largest ethical bank by assets.

He said the bank’s board, at its 2026 virtual annual general meeting, approved a 20 kobo dividend per share for investors. He described the 20 kobo dividend as one of the highest per-share ratios in the country’s banking industry.

The bank’s chairman, Tanko Gwamna, stated that the board approved the dividend at the AGM.

“The board rewarded the shareholders for their contributions to the growth of TAJBank as we have been doing over the years,” Mr Gwamna said.

The bank’s executive director, Sheriff Idi, thanked shareholders for the confidence reposed in management, saying the bank will also prioritise their interests in its operations.

TAJBank Limited was recently rated by the regulatory authorities as the biggest player in the NIB subsector.

This is based on its approved financial statements for the half-year 2025, in terms of total assets and gross earnings values.

The bank has earned three International Organisation for Standardisation certifications from Certification Partner Global.

They are ISO 27001, ISO 22301, and ISO 20000 on Information Security, Business Continuity, and International Technology Service Management Systems.

(NAN)

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