taj bank Plc has successfully exceeded the Central Bank of Nigeria’s (CBN) new minimum capital benchmark of N20 billion for national non-interest banks, positioning itself as one of the frontrunners ahead of the March 2026 compliance deadline.
This recapitalisation, mandated for all banks across categories, requires national non-interest banks to raise their minimum capital to N20 billion by March 2026.
In a message to its customers, TAJBank highlighted that surpassing this milestone strengthens its ability to promote financial inclusion, support broad economic growth, and deliver innovative financial solutions.
“As we step into this new phase of enhanced stability, our dedication remains unwavering. We sincerely thank you for being part of our journey,” the bank said.
Earlier, the bank’s Managing Director and CEO, Hamid Joda, emphasized that this accomplishment underscores robust shareholder confidence and strong board-level commitment to the bank’s long-term growth plans. He added that the recapitalisation was driven by strategic leadership and investor backing, promising customers improved service and experience in the future.
TAJBank Surpasses CBN’s N20 Billion Capital Requirement Ahead of Deadline
By Gift Ifeanyi
Gift Ifeanyi
Gift Ifeanyi is a passionate and talented young web developer with a flair for storytelling and a keen interest in business and entrepreneurship. She brings a fresh perspective and a tech-savvy approach to delivering daily news and insights on the ever-evolving world of startups, innovation, and business trends. With a commitment to excellence and a drive to inspire the next generation of entrepreneurs, Gift is dedicated to creating engaging and informative content that empowers readers to thrive in the dynamic business landscape.
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