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Again, TAJBank wins best Islamic bank award

TAJBank Limited, Nigeria’s fastest-growing non-interest banking services provider, has won the Islamic Finance News’ (IFN’s) “Best Islamic Bank in Nigeria 2023”, beating other nominees from across the global geopolitical zones in the competition.
This is according to a statement by TAJBank’s Founder/CEO, Mr Hamid Joda on Monday in Abuja.
”TAJBank had since inception won the BusinessDay Newspaper’s ‘Islamic Bank of The Year’ awards for 2021, 2022 and 2023 and before then it also clinched the Leadership Newspapers’ ‘Bank Of The Year Award’ in 2020,” he said.
The IFN’s Organising Committee explained that the Best Islamic Bank in Nigeria 2023 was conferred on TAJBank in recognition of its superior value-adding, world-class products and innovative service delivery to non-interest banking customers globally.
In his acceptance speech, Joda commended the IFN’s Committee for the global recognition.
The CEO expressed the Board and management of TAJBank’s gratitude for recognising it as an emerging frontline player in the global Islamic banking landscape for the IFN Award for 2023.
“These awards and several others TAJBank had received in the past three years will further encourage us to do more in surpassing the expectations of our growing customers in terms of quality products and service delivery for invaluable value-addition to them and their businesses,” Joda added.
Also commenting on the awards, the bank’s Co-Founder/Executive Director, Mr Sherif Idi, lauded the IFN for the award.
He also commended the customers for their growing confidence in TAJBank to deliver superior products and services with, in some cases, personalized touches to confirm to them that our only interest is in them.
The IFN Organising Committee also commended the TAJBank for hard work, persistence, and innovative strategies that enables the bank to make giant strides in spite of the whirlwinds in the Nigerian economy.
The selection of winners for the 2023 IFN competition was conducted by the IFN Organising Committee with support from the Redmoney Group, the foremost global provider of specialized Islamic financial media services across three core divisions of events, publishing, and training.
It would be recalled that TAJBank in recognition of the non-interest lender’s strict compliance with global best practices, particularly in information security standards in all areas of its operations,TAJBank in 2022 received the Payment Card Industry Data Security Standard (PCI DSS) certification.
It also received three International Standards Organisation (ISO) certifications by the Certification Partner Global (CPG), namely ISO 27001, ISO 22301, and ISO 20000 on Information Security, Business Continuity, and IT Service Management Systems.(NAN
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Another Explosion Hits Oil Facility In Rivers, Protesters Block East-West Road

Another explosion occurred at a pipeline manifold in the Omwawriwa area of Ogba-Egbema-Ndoni Local Government Area of Rivers State on Tuesday.
This incident follows a similar explosion that shook the Trans Niger Pipeline, operated by Shell, in Bodo, Gokana Local Government Area just hours earlier.
The latest explosion reportedly took place at a manifold connected to a federal pipeline deep within the forest, which transports crude oil to Brass in Bayelsa State.
While the explosion has not yet been officially confirmed, community sources reported seeing massive flames and thick smoke rising from the oil installation in the forest.
Grace Iringe-Koko, the spokesperson for the Rivers State Police Command, stated that she would investigate the incident but had not provided a response at the time of this report.
A video obtained by our correspondent displays a large fire burning in a remote location.
In a separate development, Ijaw youths blocked the Ahoada section of the East-West Road leading to Bayelsa State on Tuesday in protest.
The demonstrators, numbering over 100, carried placards in solidarity with Rivers State Governor Siminalayi Fubara amid his political dispute with the state House of Assembly. Some of the placards read: “We demand Wike’s dismissal as FCT Minister” and “Martin Amaewhule and 26 lawmakers have defected and lost their seats.
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BREAKING: Reps pass tax reform bills

The House of Representatives on Tuesday passed the four tax reform bills transmitted to the National Assembly in October 2024 by President Bola Tinubu.
Recall that the House had on Thursday last week, considered and approved the report of the House Committee on Finance which made some recommendations, particularly in controversial areas such as the Value Added Tax and inheritance tax.
While awaiting the Senate to similarly pass the bills, the proposed reforms are expected to be transmitted to the President for his assent in the days ahead.
Details shortly…
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Two PDP reps defect to APC over ‘internal divisions’

Two members of the house of representatives have defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).
Tajudeen Abbas, speaker of the house, announced the defections in a letter read on the floor of the lower legislative chamber on Tuesday.
More to follow…