Wema Bank Archives - National Wire

N95 Million Fraud: Company Seeks To Commit WEMA Bank, Moniepoint, Palmpay, Others MDs To Prison For Contempt

May 20, 2025 0

A Limited liability company PRO INTERNATIONAL CONCEPT,has filed an application before a Federal high court in Lagos seeking the following order of the court:

Wema Bank Announces Impressive FY 2024 Results, Proposes N1.00 Dividend

March 31, 2025 0

Wema Bank Plc has released its audited financial results for the fiscal year ended December 31, 2024, showcasing a remarkable 135% growth in profit before tax (PBT) to ₦102.51 billion.

Wema Bank Investigates Unauthorized Withdrawals, Reports Loss Of N888.3 Million In Customer Funds Due To Core Banking Application Glitch

March 7, 2025 0

In a bid to salvage the sum of N888,301,598.15 alleged to have been taken illegally from the covers of WEMA BANK PLC,the bank has dragged twenty- six financial institutions as defendants before a Federal high court in Lagos urging the court to issue a preservative order urging the banks to salvage the unauthorized withdrawal funds.

Wema Bank Plc’s Stock Price Plummets 8.33% On Nigerian Exchange Amid Sell-Offs

March 6, 2025 0

Wema Bank Plc's market value suffered a significant decline on Wednesday as a wave of sell-offs pushed its share price down by 8.33% to ₦11 on the Nigerian Exchange (NGX).

NGX Weekly: Investors Gain N1.137trn As FBN, WEMA, Universal Lead

January 13, 2025 0

The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively.

Wema Bank’s Capital Raise: Investors Weigh Risks And Rewards Amidst Concerns Over Cost Management And Loan Impairment

August 31, 2024 0

Wema Bank's plan to raise N150 billion in new capital has sparked both interest and concern among investors.

Hackaholics Digital Summit 2023: Wema Bank Launches Africa’s Largest Gathering Of Innovators

September 20, 2023 0

Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced the launch of the Hackaholics Digital Summit 2023, Africa’s largest gathering of innovators, disruptors, regulators, policymakers, investors & customers in the digital space.

Wema Bank, enza Group Join Forces To Boost Ecommerce Payment Acceptance

August 10, 2023 0

enza, the acclaimed new disruptor in the African payments market today announced its strategic partnership with Nigeria’s most innovative bank, Wema Bank. Through this partnership, enza will engineer its innovative payment orchestration solution to expand Wema’s

Wema Bank Showcases Strong Performance – Doubles Profitability. Commences Rights Issuance In Q3

July 29, 2023 0

The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, a y/y increase of 49% (H1 2022: ₦59.59bn). Interest Income up 53% y/y to ₦76.11bn (H1 2022: ₦49.75bn). Non-Interest Income up

Wema Bank SME Business School Trains 250 SMEs In Benin City

June 1, 2023 0

Small and medium enterprise (SME) owners at the just-concluded Wema Bank SME Business School held in Benin have lauded the bank for the business transformation sessions.