TAJBank Surpasses Central Bank’s N20bn New Capital Base Ahead of Deadl

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January 8, 2026
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TAJBank Surpasses Central Bank’s N20bn New Capital Base Ahead of Deadline

TAJBank Plc has exceeded the Central Bank of Nigeria’s (CBN) new minimum capital requirement for national non-interest banks well ahead of the March 2026 deadline.

The bank successfully crossed the N20 billion threshold, a feat confirmed by the Managing Director and CEO, Hamid Joda.

This achievement is attributed to strong shareholder confidence, investor support, and strategic leadership from the bank’s board.

By meeting this requirement early, TAJBank has strengthened its financial resilience and capacity to drive economic growth. The bank plans to use this robust capital base to invest further in technological solutions and human resources, aiming to enhance its delivery of Shari’ah-compliant financial services across Nigeria.

The move aligns with the CBN’s 2024 directive, which increased capital requirements across all banking categories to ensure the Nigerian financial system remains stable and competitive on a global scale.