TAJBank’s PBT rises 74%, pays higher dividend

TAJBank Limited, Nigeria's leading non-interest bank by assets, experienced a significant surge in its Profit Before Tax (PBT), rising by 74 per cent year-on-year to N31.56bn in FY2025, up from N18.17bn in FY2024. The bank's audited financial statements for FY2025 revealed that total assets increased to N1.34tn from N953bn the previous year, while total equity expanded by 144 per cent to N149.23bn, compared to N61.25bn in FY2024.

In appreciation of its shareholders, the Board approved a dividend of 20 kobo per share at the bank's virtual 2026 Annual General Meeting, marking one of the highest dividend-per-share ratios in the Nigerian banking sector. TAJBank's Managing Director/CEO, Hamid Joda, credited the performance to prudent financial management, which has bolstered investor confidence.

Board Chairman, Alhaji Tanko Gwamna, emphasized the board's commitment to rewarding shareholders for their contributions to the bank's growth over the years. The bank's executive director, Sheriff Idi, highlighted the firm's dedication to prioritizing the interests of shareholders and customers as the driving force behind its operations.

TAJBank has solidified its market position as the largest player in Nigeria's Non-Interest Banking (NIB) subsector, based on total assets and gross earnings, according to recent regulatory ratings. The bank has also garnered several prestigious accolades, winning BusinessDay awards in 2021, 2022, and 2023, as well as Leadership Newspapers' 'Bank of the Year' award in 2020.

TAJBank's commitment to compliance with global best practices is evident through its Payment Card Industry Data Security Standard certification and three ISO certifications for Information Security, Business Continuity, and IT Service Management Systems.