TAJBank secures A1 credit score scores from Agusto & Co, Datapro

TAJBank Restricted has secured an upgraded A1 credit standing from Agusto & Co and Datapro, marking a major enchancment from its earlier Bbb+ ranking.

The improve displays stronger monetary efficiency, improved stability sheet high quality, and strong earnings ratios for the 2025 monetary 12 months, regardless of prevailing macroeconomic challenges.

The most recent ranking comes almost two years after the bank earned a Bbb+ ranking from a pan-African credit standing company.

The brand new A1 evaluation was attributed to the bank’s high-quality asset base, operational effectivity, and strengthened danger administration framework.

What they’re saying

Talking throughout an interactive session with journalists, the Founder and CEO of TAJBank, Mr. Hamid Joda, described the improve as validation of the bank’s strategic route.

• “TAJBank Restricted’s newest scores by these respected companies have once more validated the administration’s dedication to world-class standardization of the bank’s operations, particularly when it comes to modern, real-time, techno-powered companies and danger administration for our rising prospects on a sustainable foundation.
• “As now we have persistently maintained, our main aim is to deploy world-class operational requirements and companies to guard the curiosity of our prospects with a view to surpassing their expectations and retaining TAJBank at the vanguard of the NIB subsector on a sustainable foundation.”

Joda added that the A1 ranking reassures prospects, traders, and stakeholders within the non-interest banking (NIB) house in regards to the security of their investments and transactions, in addition to the bank’s capability to help enterprise development and socio-economic improvement.

Extra insights

The bank’s Government Director, Mr. Sherif Idi, mentioned the ranking improve underscores sustained funding in folks, expertise, and infrastructure.

• “The A1 scores by Agusto & Co and Datapro have reaffirmed TAJBank’s administration’s unwavering dedication to finest observe requirements by prioritization of funding in human capital, modern applied sciences and department community enlargement.”

Trade analysts be aware that TAJBank’s constant development trajectory and deepening position in monetary inclusion, notably on the grassroots degree, have strengthened its footprint in Nigeria’s non-interest banking section.

What it’s best to know

In September 2025, TAJBank introduced that it had surpassed the revised minimal capital requirement set by the Central Bank of Nigeria (CBN) for nationwide non-interest banks.

Underneath new capital thresholds launched by the CBN in March 2024 to strengthen monetary system resilience, nationwide non-interest banks had been required to boost their capital base to ₦20 billion, with full compliance due by March 2026.

As a part of its post-recapitalisation technique, TAJBank disclosed plans to additional scale up its digital infrastructure and increase technology-driven companies to consolidate its place within the non-interest banking subsector.