Bank expands operations to eastern region
Wema Bank, the pioneer of Nigeria’s first fully digital bank ALAT, has opened a new branch in Aba, Abia State, in line with its strategic expansion plan following a national licence granted the bank by the Central Bank of Nigeria in 2015.
ALAT Wema launches quick loans and virtual dollar card
ALAT, a WEMA bank fully digital bank, has released two new features: quick short-term loans and a virtual dollar card.While the ALAT loans are accessible to all ALAT customers through the bank’s Android and iOS apps, the Virtual Dollar Card is a non-physical dollar-denominated debit card designed for online payments internationally.
CeBIH raises stake on financial inclusion as 2020 target nears
The Committee of e-Business Industry Heads (CeBIH) has said it will focus more and critically re-examine the progress, current status and what needs to be done for the country to achieve the national financial inclusion target.
Wema gets shareholders’ nod for capital reorganisation
The approval however, is expected to be received within the next few weeks, leading to the passage of all accounting entries before the 2017 financial year end.
Wema Bank may suspend N43b bond over high rates
The Executive Director, Folake Sanu, said the decline in the bank’s deposit portfolio was a deliberate effort to change the structure of deposit taking to curtail costs.
Wema Bank, AfDB, others to finance projects in ABUAD
Wema Bank has concluded arrangements to provide finance facilities to Afe Babalola University, Ado Ekiti (ABUAD), for the execution of various projects under the institution’s infrastructure development programme Phase II.
Wema goes digital, launches ‘ALAT’, targets three million customers
The Managing Director of Wema Bank, Segun Oloketuyi, while unveiling ALAT, said with the solution the bank targets growing its customer base from 1.5 million to three million, and revenue from...
Wema Bank takes financial inclusion to varsities
For a start, it has participated in the orientation programmes for new students of Lagos State University (LASU); Federal Polytechnic, Ado Ekiti, Ekiti State; the Federal University Oye-Ekiti, among others.