The Digest:
TAJBank Plc has surpassed the Central Bank of Nigeria’s N20 billion minimum capital requirement for national non-interest banks, achieving the target well ahead of the March 2026 deadline.
Key Points :
- TAJBank now meets the revised capital base for non-interest banks.
- The CBN’s recapitalisation deadline is March 2026.
- The bank cited strong shareholder confidence and board commitment.
- CEO Hamid Joda said the move will enhance service delivery.
- TAJBank plans to invest more in technology and human resources.
- The recapitalisation aims to boost competitiveness in global banking.
- The bank reaffirmed its customer-focused, Shari’ah-compliant approach.
Sources: Business Report, TAJBank Announcement
