TAJBank Limited, one of Nigeria’s fastest-growing non-interest banks, says it has exceeded the Central Bank of Nigeria’s (CBN) new minimum capital requirement for national non-interest banks, before the March 2026 enforcement deadline.
According to a press statement on Friday, the Managing Director/CEO, Mr. Hamid Joda, confirmed this in Abuja on the sidelines of an investment summit, stressing that the move positions TAJBank among the few players already compliant with the apex bank’s tougher capital rules.
“I am happy to report that through the leadership of our bank’s board, which is led by an industry doyen, Alhaji Tanko Isiaku Gwamna, and the support of our valued shareholders and investors, TAJBank has fulfilled the mandatory recapitalization requirement and is now fully prepared for a more customer-friendly, innovative banking services delivery to our growing customers nationwide,” Joda said.
Joda lauded the CBN Governor, Olayemi Cardoso, and his team for what he described as a forward-looking policy.
He noted that the recapitalisation initiative “by all assessment standards, will reposition Nigerian banks for competitiveness in the rapidly changing global banking space”
As part of its post-recapitalisation strategy, the bank plans to scale its digital infrastructure and expand technology-driven services.
The CEO said the bank will focus on real-time delivery of Shari’ah-compliant financial products, with emphasis on digital platforms capable of supporting nationwide customer growth.
Joda said, “As our mantra says that our only interest is our customers, we shall be investing more in technological assets, solutions and our human resources to surpass the customers, shareholders and other investors’ expectations through real-time delivery of world-class and Shari’ah-compliant financial solutions to meet their needs.”
