TAJBank Limited has strengthened its position in Nigeria’s financial services industry after announcing that it has successfully met the Central Bank of Nigeria’s (CBN) new minimum capital requirement, well ahead of the March 2026 deadline.
The ethical lender disclosed the development in a statement published via its official X (formerly Twitter) handle, @TAJBankLtd, on January 6, describing the achievement as a major milestone that underscores investor confidence and institutional discipline.
According to the bank, the early completion of its recapitalisation programme reflects the unwavering confidence of its shareholders, the strategic leadership of its Board, the execution capacity of management, and the sustained trust of its customers.
By surpassing the regulatory threshold ahead of schedule, TAJBank said it is now better positioned to deepen financial inclusion, support large-scale economic activities, and expand the delivery of innovative, non-interest and ethical financial solutions to individuals, SMEs and corporate clients across Nigeria.
Economic experts say the development is significant for both the banking sector and the broader economy. Celestine Ukpong, an economist, noted that early compliance with the CBN’s recapitalisation directive sends a strong signal of stability at a time of heightened regulatory scrutiny.
“Banks that meet capital requirements ahead of deadline demonstrate strong governance and planning capacity,” Ukpong said. “For an ethical bank like TAJBank, this also reinforces confidence in non-interest banking as a viable tool for mobilising long-term capital and driving inclusive economic growth.”
Also reacting, Peter Adebayo, FCA, said TAJBank’s recapitalisation success would enhance its balance sheet strength and risk absorption capacity, enabling the bank to play a more active role in financing Nigeria’s development priorities.
“Stronger capital buffers translate into greater lending capacity and improved resilience against economic shocks,” Adebayo explained. “TAJBank’s early compliance positions it to support infrastructure financing, SMEs and large-scale projects while maintaining prudential soundness.”
TAJBank reiterated that despite entering a new phase of enhanced financial resilience, its core values remain unchanged. The bank reaffirmed its commitment to ethical banking, customer-centric service delivery and continuous innovation in non-interest financial products.
The lender also expressed appreciation to its stakeholders, describing the recapitalisation milestone as a shared achievement and an important chapter in its growth story.
TAJBank is Nigeria’s leading non-interest bank, offering Shari’ah-compliant financial services designed to promote financial inclusion, sustainable development and ethical wealth creation in line with global best practices.
TAJBank has met the CBN’s new minimum capital requirement ahead of the 2026 deadline. Experts say the move strengthens ethical banking, boosts financial inclusion and positions the bank for sustainable economic growth in Nigeria.
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