Lagos, August 1, 2025 Wema Bank Plc has reaffirmed its commitment to youth development in Nigeria by intensifying its nationwide drive for financial literacy and educational mentorship. This initiative, aimed at nurturing a financially aware and economically active generation, continues to impact millions of young Nigerians positively. According to a recent report by education correspondent
August 1, 2025 Wema Bank Plc has recorded a remarkable 229% surge in profit for the first half of 2025, driven by significant growth in interest income and strong operational performance across its digital and retail banking segments. According to the bank’s unaudited financial results released to the Nigerian Exchange Group (NGX), profit before tax
Lagos, June 12, 2025 Wema Bank Plc, one of Nigeria’s leading financial institutions, has received a significant boost to its credit profile, following ratings upgrades by two major international rating agencies — Fitch Ratings and Global Credit Ratings (GCR). Fitch upgraded Wema Bank’s Long-Term Issuer Default Rating (IDR) from ‘B-’ to ‘B’, with a Stable
Shareholders of Wema Bank Plc have lauded the financial institution’s impressive performance during its 2024 Annual General Meeting (AGM), following the release of its best-ever financial results. At the AGM held virtually in Lagos, the bank presented its audited 2024 financial report, which showed significant growth across all key performance indicators. Gross earnings surged by
Wema Bank Plc has officially launched a N150 billion rights issue, set to commence on April 14, 2025, as part of its strategic recapitalization efforts. This move aligns with the Central Bank of Nigeria’s (CBN) directive for increased capital buffers in the banking sector. The rights issue involves offering 14,286,785,417 ordinary shares at N10.45 each,
In a remarkable milestone that underscores its resilience in Nigeria’s challenging financial landscape, Wema Bank has commemorated its 80th anniversary, celebrating eight decades of innovation and customer-focused banking services. Established in 1945 as Agbonmagbe Bank, the institution has undergone significant transformations to emerge as one of Nigeria’s most enduring financial institutions. The bank, which rebranded
