• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, June 6, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

TAJBank pays dividends in 3 years

TAJBank

The Matters Press by The Matters Press
July 5, 2023
Reading Time: 2 mins read
0
TAJBank improves operations drive, opens Apapa branch

TAJBank Limited, Nigeria’s fast-growing non-interest bank, has set a new record in the Nigerian banking system with the payment of dividends to its shareholders within three years of its operations.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

According to a statement by Isiaku Gwamna, the Chaiman of TAJBank’s board, in spite of the inclement operating environment, the board and management of the bank were able to sustain TAJBank on the path of sustainable growth.

TAJBank had earlier made history as the first corporate entity in Nigeria’s history to list Sukuk Bond on the Nigerian Exchange Limited (NGX) after the successful issuance.

Gwamna said that the global economic whirlwinds in the past two years, as well as the macroeconomic developments, especially the surging inflation rate, had impacted negatively on businesses.

“On behalf of the Board, I am pleased to inform our shareholders that we have recommended a scrip dividend payment of one share for every 10 shares, subject to shareholders’ approval.

“We remain committed to promoting business expansion and success while making sure that a sizeable amount of our profits is set aside for you,” he said.

The bank’s Managing Director, Mr Hamid Joda, described 2022 as a significant milestone in the journey of TAJBank, in spite of the headwinds that characterised the operating environment.

Joda said that the management was able to deliver on key strategic goals through relentless execution, backed by a positive culture and delivery on high-impact projects.

He said that TAJBank recorded remarkable growth across key indices in 2022, as its balance sheet grew by over 93 per cent from N110 billion recorded in 2021 to N212 billion.

He said that its Profit Before Tax (PBT) also increased from N1.6 billion in 2021 to N5.081 billion in 2022.

“The bank’s earnings per share grew by 138 per cent to N31.27 kobo in 2022 compared to N13.11 kobo recorded in 2021.

“In our relentless effort to promote non-interest products and modes of banking nationwide, the board and management of TAJBank have set key objectives for the year 2023 and beyond.

“These initiatives include, to promote financial inclusion by leveraging various channels and touchpoints, especially our electronic platforms.

“This is with the aim of reaching out to the unbanked populace; and to be recognised as the market leader in the non-interest banking industry in Nigeria.

“We also plan to open 110 branches/business offices across state capitals/major commercial centers before 2024,” he said.

He said that the bank also planned to offer non-interest banking products and services to underserved markets; to grow its agency network to 100,000 active agents by 2025 thereby reducing the financial exclusion rate.

“We also plan to grow our customer base to at least four million by 2027; and to achieve a minimum customer satisfaction score of 85 per cent ”, he said.

Tags: TAJBank
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
President Tinubu outlines new economic, monetary, foreign policies
Economy/Technology

CUPP goofs over President Tinubu’s 2027 endorsement by governors

June 2, 2025
Next Post
Leadway Assurance generates N104.4bn premium

Leadway on course with implementation of IFRS 17

FG intensifies debt recovery, urges MDAs to key

Recommended Stories

Dangote refinery confirms receiving crude oil to start production

Dangote refinery confirms receiving crude oil to start production

December 9, 2023
Edo unveils plans for investment desks

Nigeria seeks $400m private investment to complete millennium tower

August 11, 2022
Food prices peak after Eid el-Fitr

Food prices peak after Eid el-Fitr

May 28, 2020

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us