TAJBank Plc has surpassed the Central Bank of Nigeria’s new N20 billion minimum capital requirement for national non-interest banks, placing it among the early institutions to comply ahead of the March 2026 enforcement deadline.
The recapitalisation directive, which applies across all categories of banks, is part of the apex bank’s broader efforts to strengthen the financial system and enhance the resilience of financial institutions operating in the country.
In a note to customers, TAJBank said exceeding the revised capital benchmark has further strengthened its capacity to deepen financial inclusion, support large-scale economic activities and deliver innovative, Shari’ah-compliant financial solutions. The bank expressed appreciation to its customers for their continued support, describing the milestone as a significant phase in its growth journey.
Managing Director and Chief Executive Officer, Hamid Joda, said the successful recapitalisation underscored strong shareholder confidence and sustained board-level commitment to the bank’s long-term growth strategy. He attributed the achievement to strategic leadership and solid investor backing, while assuring customers of improved service delivery in the years ahead.
With this development, TAJBank joins a growing list of banks that have already met or exceeded the revised capital thresholds introduced by the Central Bank of Nigeria to reposition the industry for competitiveness in the evolving global banking landscape.
Joda noted that the initiative would enhance the ability of Nigerian banks to compete effectively, while reiterating TAJBank’s commitment to prioritising the interests of shareholders, investors and customers. He added that the bank would continue to invest in technology, human capital and innovative solutions to deliver world-class, real-time and Shari’ah-compliant financial services.