Tatum Bank Reports N1.7bn Profit, Partners with Lagos

Tatum Bank announced a profit before tax of N1.7 billion for the financial year ending in 2025, marking a strong growth trajectory despite operating for only eight months. CEO Niyi Adeseun disclosed this during a courtesy visit to Lagos State Governor Babajide Sanwo-Olu, where he led a team including Executive Director Georg Oko Oboh and Non-Executive Director Tonya Lawani.

The visit aimed to explore partnership opportunities in Africa's largest sub-national economy and to formally introduce the bank to the state government. Adeseun emphasized the bank's commitment to supporting Lagos State's economic development and highlighted its core philosophy of trust and safety, as reflected in its name, derived from the Latin word "tutum," meaning safe haven.

Tatum Bank commenced operations in May 2025 and achieved the Central Bank of Nigeria's recapitalization milestone within approximately ten months. Governor Sanwo-Olu expressed support for the bank's initiatives and reiterated the state government's commitment to fostering business partnerships.