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Banking sector: TajBank, largest bank not linked to Nigeria's interests in terms of assets and profits

27/10/2025
Source : ORISHAS FINANCE
Categories: Sectors

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After its total assets reached 1,017 billion of NGN (696.5 million dollars) in the first half of 2025, TajBank is became the largest bank not linked to Nigeria's interests in terms assets and gross profits. The figures presented by the expert in Olabode Akeredolu-Ale investment during a seminar on the financing of small and medium-sized businesses in Abuja mention that the data comes from banking regulatory platforms and capital markets available for public review.

Olabode Akeredolu-Ale a said at the seminar that gross profits also increased increased, reaching 53.75 billion NGN (36.8 million dollars) in the first Half-year 2025, up by 64% compared to 32.86 billion NGN (22.5 million dollars) from December 2024, according to the Nigerian News Agency (NAN). Banks without interests continue to strengthen their role in the Nigerian credit market, conventional loans that remain expensive for small businesses. Les Speakers noted that profit and loss sharing models and the commission financing approaches of interest-free banks could help micro, small and medium-sized enterprises (MSMEs) overcome financing constraints while adhering to financial principles ethics.

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