Nigeria, June 30 -- TAJBank Limited has declared a 20 kobo per share dividend for the 2024 financial year, marking the third time it has paid shareholders since it began operations five years ago.

The announcement follows the bank's audited 2024 financial results, which showed significant year-on-year growth despite economic pressures in the broader operating environment.

According to the results, total assets rose by 84 per cent from N518.33 billion in 2023 to N953.10 billion in 2024. Gross earnings grew by 80 per cent to N75.5 billion, up from N43.2 billion the previous year.

Deposits also increased by 89 per cent to N696.34 billion, while profit before tax rose by 61 per cent, from N11.3 billion to N18.2 billion.

The bank said that...