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TAJBank Limited has secured A1 credit ratings from leading rating agencies Agusto & Co and Datapro.
This cements its standing as one of the strongest players in Nigeria’s non-interest banking (NIB) segment.
The A1 ratings for credit risk and operational resilience mark a significant upgrade from the Bbb+ score assigned by Agusto & Co about two years ago. The improved assessment was driven by the bank’s high-quality balance sheet, robust earnings ratios, and strengthened operational framework in the 2025 financial year.
Despite Nigeria’s challenging economic climate, TAJBank demonstrated resilience by leveraging operational efficiency and customer-focused services to consolidate its reputation for ethical and technology-driven banking. Analysts say the upgrade underscores the lender’s growing influence and disciplined management approach within the NIB space.
Speaking on the sidelines of a banking stakeholders’ event in Abuja, the Founder/ChiefExecutiveOfficer, Mr. Hamid Joda, described the ratings as a validation of the bank’s commitment to rigorous standards and sustainable growth.
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“TAJBank Limited latest ratings by these reputable agencies have again validated the management’s commitment to world-class standardization of the bank’s operations, especially in terms of innovative, real time, techno-powered services and risk management for our growing customers on a sustainable basis. As we have consistently maintained, our primary goal is to deploy world-class operational standards and services to protect the interest of our customers with a view to surpassing their expectations and retaining TAJBank at the leading edge of the NIB subsector on a sustainable basis.”
“The message these latest best ratings by Agusto & Co and Datapro of our bank is sending to our customers, investors and stakeholders in the non-interest banking space is that with TAJBank, they can be rest assured of safety of their investments, transactions and readiness of the bank’s management to give all that it takes to grow their businesses and support their individual socio-economic wellbeing come rain or shine,” Joda assured.
Also reacting, the bank’s Executive Director, Mr. Sherif Idi, said the ratings reflect deliberate investments in people, technology and infrastructure.
“The A1 ratings by Augusto & Co and Datapro, the foremost ratings agencies in the country, have reaffirmed TAJBank’s management’s unwavering commitment to best practice standards through prioritization of investment in human capital, innovative technologies and branch network expansion to consistently make our bank the preferred choice for customers in the NIB subsector of the banking sector,” he stated.
Industry observers note that the bank’s upgraded ratings are consistent with its steady expansion, strong governance culture and sustained push to deepen financial inclusion at the grassroots.
