Connect with us

News and Report

TAJBank, a Non-interest Financial Institution, Commences Operations Today

Published

on

TAJBank, Nigeria’s second non-interest financial institution will today officially open its doors to customers as it commences operations in Abuja.
Speaking in an interview, the Founder and Chief Operating Officer of the Bank, Mr Hamid Joda, said, the Bank would be bringing value to the industry as it seeks to change the face of banking with its unique offerings.
“We are very prepared to face competition because we believe we are bringing value to the banking public. Our non-interest banking model is unique in the sense that we operate as a zero interest bank. This proposition is more business friendly to individuals, corporates and SME’s because they can plan better with more certainty if we finance them. We will never change financing rates in the middle of the game as this is against the tenets of ethical banking. We are guided by ethical principles in all our dealings and all parties must be treated with fairness and equity. With us there are no hidden charges or strange surprises*. 
“Our wide array of products and the advantage of also transmuting to a trading entity under our sales contracts will do well in the SME space. Likewise, our lease and partnership based products are well suited for a developing economy like Nigeria. In the final analysis, TAJBank will distinguish itself in the area of service delivery,” he said.
According to Mr. Joda, the Bank’s key market entry strategy is high quality customer service.He disclosed that the bank was granted a regional license to operate in the north-east and north-west regions of Nigeria and a liaison office in Lagos. 
“We are commencing business in our Abuja and Kano branches on the 2nd of December 2019. Before opening for business, we conducted a thorough research on the Nigerian banking industry and our findings revealed a huge gap in customer’s yearnings for quality service delivery and what they are currently getting. We have built this brand based on excellent service. A brand that our customers can be extremely proud of. This is a defining moment for all of us, one that we have worked tirelessly to achieve. We have an incredible team behind us and the future – in our humble opinions – not just of the Bank, but the financial industry, is indeed bright.”
He said TAJBank also offers a number of innovative products and services that would delight its customers.TAJBank offers an array of products and service offerings which are widely available to all Nigerians. Some of the products include: Partnership (Mudarabah) Term Deposit, Lease (Ijarah) Finance, Partnership (Mudarabah), Savings/Current Accounts, among others.
On his part, the Chairman of TAJBank, Alhaji Tanko Isiaku Gwamna, said, “at TAJBank, we are excited at the possibilities before us; the opportunity to significantly boost financial inclusion in Nigeria, the opportunity to empower millions of Nigerians and also, just as importantly, the opportunity to engender a much needed mind shift with regards to non-interest Banking, not just with our customers but the country at large. 
“We have an inspired and extremely industrious team who have worked tirelessly to bring this dream to fruition and I am eager to see the impact that TAJBank will make in the financial sector and in the lives of Nigerians.”
About TAJBankTAJBank is Nigeria’s 2nd non-interest financial institution. It received its license from the Central Bank of Nigeria on July 12th 2019. The Bank offers an exciting array of products and services that span Private Banking, Retail Banking, Business Banking, Development Finance and the Public Sector.  

TAJBank has its head office in Abuja and a branch in Kano with major plans for expansion across the country. 

Continue Reading
Advertisement

News and Report

Global Day Of Prayer With Rev Chris Oyakhilome Starts This Friday (See Posters & Dates)

Published

on

As you get ready for overflowing joy this Friday 25th September 2020, you will receive answers to your prayers. #globaldayofprayer #gdop #pastorchris.

Report by online media platform, TRIXX NG stated that the Believers Loveworld Incorporated also known as Christ Embassy will begin its international day of intercession 2020 Friday 25th by 6pm to Saturday 26th September 2020.

Being a Man sent from God and a unique minister of the gospel of Jesus Christ, Rev Chris Oyakhilome’s Spirit-filled and anointed leadership will continue to propel a dynamic, multifaceted and global ministry at this year’s programme.

You can join in

https://prayer.rhapsodyofrealities.org/ And on all their social media handles. You will surely share your testimonies with joy overflow.

Continue Reading

News and Report

NIS releases entry procedures as international flights resume Saturday, Sept 5

Published

on

The Comptroller General, Nigeria Immigration Service, Mr. Muhammad Babandede says the NIS has implemented procedures for international flights resumption and visa payment.
Babandede said this during a virtual meeting with stakeholders to address travel concerns and automation of Travel Work Permit on Wednesday in Abuja.

In a statement issued by the NIS Public Relations Officer, Mr. Sunday James, Babandede said the procedures were in line with Federal Government’s approval for the commencement of international flight operations from September 5.

Babandede said Murtala Mohammed International Airport, Lagos; and Nnamdi Azikiwe International Airport, Abuja, were earlier approved by the Minister of Interior, Rauf Aregbesola, for the implementation.

This, he said, was vide letter Ref. No. MI/PM/16012/S.366/Vol.ll/ dated 6th April, 2020 on waiver for visa payment due to COVID-19, closure of land borders and suspension of international flights.

According to him, the NIS, in exercising its statutory mandate, wishes to implement as follows.

“All migrants in Nigeria whose permits expired from 23rd March to 5th September, 2020 have extension.

“All migrants with evidence of confirmed return tickets scheduled to travel out of the country were to be issued free extensions to enable them depart on or before 15th September, 2020.

“All migrants whose permit or visitor’s pass expired before 23rd March, 2020 will pay overstay penalty for the number of days stayed before the lockdown on 23rd March, 2020.

“All resident migrants whose permits expired outside the country from 23rd March, 2020 shall be allowed entry into Nigeria with the expired permits on or before 25th September, 2020.

“Such returning holders of expired permits and their dependents are to renew the permits within 30 days of arrival to Nigeria to avoid sanctions under relevant Immigration laws.

“All migrants who processed payments for visa-on-arrival and other categories of visas from the Nigerian Missions before 23rd March 2020, are to apply for re-validation.

“This should be done by uploading copy of the previous payments via cis-evisa@immigration.gov.ng not later than 15th September, 2020.

FacebookTwitterWhatsAppShare

Continue Reading

News and Report

Heritage Bank to stimulate economic growth with youth empowerment schemes

Published

on

As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to young entrepreneurs in Nigeria to grow their businesses either as start-ups or prospective business owners. This, the bank said, is in line with its culture as timeless wealth partners, which would impact positively on the nation’s socio-economic development.

The MD/CEO of the bank, Ifie Sekibo stated that Heritage Bank was mindful of the devastating impact of the pandemic to the nation’s economic system, hence as an institution at the forefront of investing in human capital development for critical economy recovery, “we will up our game to empower Nigerian youths who are one of the bedrock of any vibrant economy,” he added.

He disclosed that one of the channels churned out in partnering the youths to leverage their talents and contribute their quota to the growth of the economy, was the use of financial inclusion strategy which would be adopted to boost entrepreneurship development, as this is critical to Heritage Bank’s mission to create, preserve and transfer wealth across generations.

He further explained that Heritage Bank’s various entrepreneur schemes in the support for business had always focused on dependable job-creating sectors, such as agricultural value chain (fish farming, poultry, snail farming), cottage industry, mining and solid minerals, creative industry (tourism, arts and crafts), and Information and Communications Technology (ICT).

Sekibo restated that the aim of Heritage Bank being at the forefront of youth empowerment is to emancipate the latent entrepreneurial spirit in the teeming youths to unleash their support to the growth of the economy.

His words: “At Heritage, nothing else is more fulfilling than to groom-to-empower young aspiring start-up entrepreneurs, as we mentor them to grow and become large corporates enlisted on the Nigerian Stock Exchange.

“In recent times, we have worked with private and public sectors- The Next Titans, HB Lab, Creative Nigerian Summit, National Festival of Arts and Culture (NAFEST), NYSC and the Central Bank of Nigeria to support youths and young entrepreneurs to grow their businesses as a start-up or prospective business owners.

He also reiterated that the bank had continued to make efforts to lead the recovery of the Nigerian economy through championing several empowerment schemes such as the Prime Women Builders Foundation of Nigeria, Youth Innovative Entrepreneurship Development Programme (YIEDP), Centre for Values in Leadership (CVL) on Young Entrepreneurship Business Training Programme (YEBTP), Young Entrepreneurs and Students (YES) Grant and Nigerian Young Professional Forum (NYPF), amongst others.

Continue Reading

Trending