TAJBank's Profit Before Tax Soars 74% to N31.56bn
TAJBank's audited financial statements for FY2025 revealed a 74% surge in profit before tax to N31.56 billion. Total assets grew to N1.34 trillion from N953 billion in the previous year, while total equity rose by 144% to N149.230 billion compared to N61.250 billion in FY2024.
During the 2026 Annual General Meeting, the Board approved a 20-kobo dividend per share, with Board Chairman Alhaji Tanko Gwamna stating it was a reward for shareholders' support. Managing Director/CEO Mr. Hamid Joda attributed the bank's strong performance to prudent financial management, enhancing investor confidence.
Executive Director Mr. Sheriff Idi emphasized the bank's commitment to prioritizing shareholders and customers. Over the past five years, TAJBank has solidified its position in Nigeria's non-interest banking sector, recognized as the largest player based on total assets and gross earnings.
The bank has also received multiple awards and strengthened its information security through international certifications.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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